UK Companies House feature
ACE UNION LIMITED
Cash
£431K
+9.9% vs 2023
Net assets
£312K
-47.6% vs 2023
Employees
2
0% vs 2023
Profit before tax
-£283K
-45% vs 2023
Profile
- Company number
- 09530233
- Status
- Active
- Incorporation
- 2015-04-08
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Net assets
6-year trend · vs UK Fintech median
Accounts
6-year trend · latest 2024-12-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | |
| Profit before tax | — | — | — | -£105,191 | -£195,183 | -£283,054 | |
| Net profit | — | — | — | -£105,191 | -£195,183 | -£283,054 | |
| Cash | — | — | — | £229,376 | £392,739 | £431,426 | |
| Total assets less current liabilities | £975,651 | £963,568 | — | £790,445 | £595,262 | £312,208 | |
| Net assets | £975,651 | £963,568 | — | — | — | — | |
| Equity | £975,651 | £963,568 | £895,636 | £790,445 | £595,262 | £312,208 | |
| Average employees | 0 | 0 | — | 2 | 2 | 2 | |
| 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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- DJH Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company made a loss for the year and is reliant upon continued financial support from its parent company ACE Money Transfer Limited during the development stage of the business which will continue over the forseeable future. The directors believe, based upon the company's and parent's forecasts that their financial resources are sufficient to ensure its ability to continue as a going concern for the forseeable future, being at least 12 months from the date of approval of these financial statements and that the parent has sufficient financial resource to continue to provide financial support to ACE Union Limited.”
Significant events
- “Introduced low-cost, secure, and rapid international money transfers, marking a major expansion in our service offering. Achieved substantial growth in active wallet users (45%) and transaction volumes (75%), driven by improved product features and customer engagement initiatives. Strengthened our prepaid card offering, adding functionality such as contactless payments and ATM cash withdrawals, increasing convenience for customers resulting in 82% increase year on year in card transactions.”
- “On 21 February 2025, a special resolution has been passed to increase the company's share capital from £1,000,000 to £1,500,000 ordinary shares of £1 each.”
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
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALI, Unniza | Secretary | 2026-03-16 | — | — |
| ASHRAF, Aftab | Director | 2015-04-08 | May 1973 | British |
| MEHMOOD, Tariq | Director | 2015-04-08 | Jul 1977 | Irish |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ace Money Transfer Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 49 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-30 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2026-03-16 | AP03 | officers | appoint person secretary company with name date |
| 2026-02-16 | CH01 | officers | change person director company with change date |
| 2025-11-06 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2025-09-24 | AA | accounts | accounts with accounts type full |
| 2025-04-08 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-03-14 | SH01 | capital | capital allotment shares |
| 2025-03-11 | RESOLUTIONS | resolution | resolution |
| 2025-03-10 | CC04 | change-of-constitution | statement of companys objects |
| 2024-12-24 | AA | accounts | accounts with accounts type full |
| 2024-12-19 | AD01 | address | change registered office address company with date old address new address |
| 2024-11-07 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2024-10-18 | AD01 | address | change registered office address company with date old address new address |
| 2024-10-17 | AD01 | address | change registered office address company with date old address new address |
| 2024-04-19 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-04-19 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2024-04-19 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2023-10-06 | AA | accounts | accounts with accounts type full |
| 2023-04-13 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-03-17 | AA01 | accounts | change account reference date company previous shortened |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory