FIAT REPUBLIC FINANCIAL SERVICES LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-13 (in 2mo)
Last made up 2025-06-29
Watchouts
Cash
£30K
-3.5% vs 2020
Net assets
-£1M
-6.7% vs 2020
Employees
0
-100% vs 2020
Profit before tax
-£225K
+92.2% vs 2020
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Therefore the current and future reliance on venture capital funding represents a material uncertainty over the going concern assumption.
Net assets
4-year trend · vs Financials median
Accounts
4-year trend · latest reflected 2021-12-31
Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2021-12-31.
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £32,183 | £3,717 | |
| Operating profit | — | — | -£2,849,394 | -£165,750 | |
| Profit before tax | — | — | -£2,893,881 | -£224,878 | |
| Net profit | — | — | -£2,641,223 | -£80,510 | |
| Cash | — | — | £31,472 | £30,372 | |
| Total assets less current liabilities | — | — | -£1,190,411 | -£1,276,863 | |
| Net assets | — | — | -£1,196,353 | -£1,276,863 | |
| Equity | £2,264,389 | £192,791 | -£1,196,353 | -£1,276,863 | |
| Average employees | — | — | 12 | 0 | |
| Wages | — | — | £708,078 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -8853.7% | -4459.2% | |
| Net margin | — | — | -8206.9% | -2166.0% | |
| Return on capital employed | — | — | 239.4% | 13.0% | |
| Interest cover | — | — | -64.05x | -2.80x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Buzzacott Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Therefore the current and future reliance on venture capital funding represents a material uncertainty over the going concern assumption.”
Significant events
- “Fiat Republic Financial Services Ltd is strategically focused on expanding its service offerings and deepening its market penetration within its licensed territories. A key area of development includes the planned integration of additional payment methods to enhance user convenience and accessibility. The US expansion strategy is being executed through several parallel licensing applications to establish a compliant operating presence.”
- “Management has initiated an active fundraising plan to address this requirement. During July and August 2025, the Group successfully secured interim financing of $1,110,000 from a combination of new and existing investors to support its short-term operational needs. The Group is currently executing a major capital raise of tens of millions (USD) with existing and potential investors, which is critical to fund its growth trajectory and ensure its ability to continue as a going concern. The directors anticipate that this will be secured by the end of January 2026. The Group is also EBITDA positive from October 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DE LORENZO, Antonio | Secretary | 2025-03-27 | — | — |
| BIAŁY, Adam | Director | 2022-05-23 | Sep 1984 | Polish |
| STEINER, Paula | Director | 2022-12-19 | Dec 1989 | Brazilian |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCKENZIE, Dave | Secretary | 2022-10-10 | 2025-03-27 |
| SUTTON, Prakashan | Secretary | 2022-05-23 | 2022-10-10 |
| ALLEN, Howard Charles | Director | 2015-06-26 | 2017-01-31 |
| BREUER, Volker | Director | 2013-08-13 | 2016-06-24 |
| HARRIS, Emily Ann | Director | 2022-05-23 | 2022-12-19 |
| TSYUPKO, Anna | Director | 2016-06-24 | 2022-05-23 |
| WESSELS, Christopher | Director | 2016-07-04 | 2020-07-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fiat Republic Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-05-23 | Active |
| Dolfinancials Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-05-23 |
Filing timeline
Last 20 of 83 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-02 | AA | accounts | Accounts with accounts type full | |
| 2025-09-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-27 | AA | accounts | Accounts with accounts type full | |
| 2025-03-28 | SH01 | capital | Capital allotment shares | |
| 2025-03-28 | SH01 | capital | Capital allotment shares | |
| 2025-03-27 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-03-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-22 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-03-20 | AA | accounts | Accounts with accounts type full | |
| 2025-03-11 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-30 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-03-12 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-08-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-19 | AA01 | accounts | Change account reference date company previous extended | |
| 2022-12-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-10 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2020 → FY2021 · period ending 2021-12-31 vs 2020-12-31
-
Turnover
-88.5%
£32,183 £3,717
-
Cash
-3.5%
£31,472 £30,372
-
Net assets
-6.7%
-£1,196,353 -£1,276,863
-
Employees
-100%
12 0
-
Operating profit
+94.2%
-£2,849,394 -£165,750
-
Profit before tax
+92.2%
-£2,893,881 -£224,878
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers