UK Companies House feature
MONESE LTD
Cash
£13M
+123.1% vs 2021
Net assets
£9M
+390.8% vs 2021
Employees
345
+39.1% vs 2021
Profit before tax
—
Period ending 2022-12-31
Profile
- Company number
- 08720992
- Status
- Active
- Incorporation
- 2013-10-07
- Last accounts made up
- 2023-12-31
- Account category
- GROUP
- Primary SIC
- 64999
- Hubs
- UK Fintech
Net assets
3-year trend · vs UK Fintech median
Accounts
3-year trend · latest 2022-12-31
| Metric | Trend | 2021-01-01 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | — | — | |
| Profit before tax | — | — | — | |
| Net profit | — | -£18,024,763 | -£30,408,405 | |
| Cash | — | £5,695,806 | £12,707,025 | |
| Total assets less current liabilities | — | — | — | |
| Net assets | — | -£2,955,340 | £8,595,033 | |
| Equity | -£15,413,001 | -£10,083,919 | £0 | |
| Average employees | — | 248 | 345 | |
| Wages | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- IFRS
- Reporting scope
- Consolidated (group)
- Auditor
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As the going concern status of the company is dependent upon securing funds and upon the improved performance of the business against forecasts and cash flow projections, the directors are of the opinion that the matters described above represent material uncertainties, as actual outcomes may differ to expectations. Notwithstanding these material uncertainties, the directors have a reasonable expectation the company will continue to be successful raising additional funds to implement its strategy on the path to future profitability, and that the company has access to adequate resources to fund operations for at least twelve months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Subsidiaries
- Monese Finance Ltd · 100% held · United Kingdom · Provision of financial services
- Monese EU SA · 100% held · Belgium · Provision of financial services
- Monese Credit Limited · 100% held · Ireland · Provision of financial services
- Monese Europe OU · 100% held · Estonia · Provision of financial services
- XYB Limited · 100% held · United Kingdom · Provision of Banking-as-a-Service
Significant events
- “In January 2023 Monese formalised the development of its platform business with the creation of a wholly owned, unregulated subsidiary (XYB Ltd.) and the transfer of the B2B platform business from Monese Ltd to this company.”
- “In July 2023 XYB completed the delivery of a software platform code-fork, with a considerable one-off fee of £21.2m, received in tranches, that accelerated revenues and significantly improved the cash position of the group. This related to a code fork sale and services contracts for a customer to acquire an instance of the technology platform.”
- “In December 2023, Monese signed a partnership worth $5.1m with a leading systems integrator for services we provide to platform customers and to increase the delivery bandwidth of the platform business, which also accelerated revenue and improved the cash position of the group.”
- “By way of direct investment in it's own right, XYB Ltd exited the Monese group in April 2024.”
- “The company was acquired by Pockit Ltd in December 2024, securing £6m of equity funding into the Monese group.”
- “On 20 June 2025 the company became party to a security agreement along with its parent Pockit Limited for funding facility at Pockit Limited. As a result there is a fixed and floating charge over assets of the company.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
4 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JATANIA, Virraj Bharatkumar | Director | 2024-12-17 | Mar 1988 | British |
| LE MAY, Malcolm | Director | 2024-12-17 | Jan 1958 | British |
| NEWTON-JONES, Mark | Director | 2024-12-17 | May 1967 | British |
| SHAFRANIK, Denis | Director | 2024-12-17 | Jun 1981 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AYLIEFF, Paul | Director | 2020-07-28 | 2021-08-12 |
| CHANG, Stephen You Wei | Director | 2023-09-21 | 2023-09-21 |
| CHOUDRIE, Atul | Director | 2022-02-28 | 2023-09-21 |
| DANESI, Franco | Director | 2018-09-05 | 2021-03-31 |
| ECONOMOU, Anastasios | Director | 2022-03-29 | 2024-12-17 |
| EXALL, Marcus William | Director | 2016-12-22 | 2019-09-10 |
| IVANOV, Stanislav | Director | 2016-12-22 | 2020-07-28 |
| KARAMANOS, George Sosei, Dr | Director | 2023-11-28 | 2024-12-17 |
| KOPPEL, Norris | Director | 2013-10-07 | 2024-12-17 |
| LE MOAL, Laurent | Director | 2017-11-20 | 2021-05-07 |
| LEVENE, Timothy Charles, Mr. | Director | 2021-04-30 | 2024-10-16 |
| LOCKHART, Harry Eugene | Director | 2024-12-17 | 2026-01-28 |
| MANOS, Vasiliki | Director | 2016-12-22 | 2018-09-05 |
| NORDBYE, Ola Reinhold | Director | 2021-04-08 | 2024-12-17 |
| SUBROYEN, Lyndon Lee | Director | 2021-04-30 | 2023-04-25 |
| VALLANCE, Michael, Mr. | Director | 2022-12-05 | 2024-03-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pockit Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-12-17 | Active |
| Kinnevik Ab (Publ) | Legal person | Shares 25–50%, Voting 25–50% | 2020-07-28 | Ceased 2022-09-02 |
| Mr Norris Koppel | Individual | Significant influence | 2016-04-06 | Ceased 2024-12-17 |
Filing timeline
Last 20 of 151 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-07 | SH01 | capital | capital allotment shares |
| 2026-03-07 | MR04 | mortgage | mortgage satisfy charge full |
| 2026-03-07 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2026-02-18 | TM01 | officers | termination director company with name termination date |
| 2025-12-23 | SH01 | capital | capital allotment shares |
| 2025-12-08 | RP01SH01 | miscellaneous | legacy |
| 2025-10-21 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-09-05 | AA | accounts | accounts with accounts type group |
| 2025-06-24 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-01-15 | SH01 | capital | capital allotment shares |
| 2025-01-15 | SH08 | capital | capital name of class of shares |
| 2024-12-24 | MR04 | mortgage | mortgage satisfy charge full |
| 2024-12-19 | AP01 | officers | appoint person director company with name date |
| 2024-12-19 | AP01 | officers | appoint person director company with name date |
| 2024-12-19 | AP01 | officers | appoint person director company with name date |
| 2024-12-19 | AP01 | officers | appoint person director company with name date |
| 2024-12-19 | AP01 | officers | appoint person director company with name date |
| 2024-12-19 | TM01 | officers | termination director company with name termination date |
| 2024-12-19 | TM01 | officers | termination director company with name termination date |
| 2024-12-19 | TM01 | officers | termination director company with name termination date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Composite activity score · components 0–100 · reference 2026-05-10
72.1
WARM
/ 100
- Filings velocity 75
- Capital events 80
- Officer churn 25
- Headcount trajectory 89
- Accounts trajectory 100
- 9 filing(s) in last 12 months
- 4 capital event(s) in last 24 months
- 0 appointed, 1 resigned (12mo)
- Employees +39% YoY
- Net Assets +391% YoY