JAJA FINANCE LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-16 (in 7mo)
Last made up 2025-12-02
Watchouts
Cash
£6M
-33.7% vs 2020
Net assets
£10M
-3.5% vs 2020
Employees
108
+96.4% vs 2020
Profit before tax
-£18M
-17.7% vs 2020
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Company is in the scale-up phase and has incurred losses since inception. It has been reliant historically on investment from its parent Company, Jaja Finance Holding (UK) Limited, to meet its short-term working capital and long-term capital needs as well as to meet its other obligations including FCA capital adequacy requirements. ... These conditions indicate the existence of a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.
Net assets
3-year trend · vs Technology median
Accounts
3-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 | 2020-01-01 | 2020-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Turnover | — | £2,986,474 | £12,843,434 | |
| Operating profit | — | -£15,255,718 | -£17,945,175 | |
| Profit before tax | — | -£15,240,846 | -£17,944,028 | |
| Net profit | — | -£14,532,374 | -£17,254,386 | |
| Cash | — | £8,514,673 | £5,643,046 | |
| Total assets less current liabilities | — | £10,164,265 | £9,899,253 | |
| Net assets | — | £10,164,265 | £9,809,879 | |
| Equity | £14,696,640 | £10,164,265 | £9,809,879 | |
| Average employees | — | 55 | 108 | |
| Wages | — | £4,456,372 | £7,977,888 |
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 | 2020-01-01 | 2020-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating margin | — | -510.8% | -139.7% | |
| Net margin | — | -486.6% | -134.3% | |
| Return on capital employed | — | -150.1% | -181.3% |
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
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Company is in the scale-up phase and has incurred losses since inception. It has been reliant historically on investment from its parent Company, Jaja Finance Holding (UK) Limited, to meet its short-term working capital and long-term capital needs as well as to meet its other obligations including FCA capital adequacy requirements. ... These conditions indicate the existence of a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.”
Significant events
- “The Company prepared a voluntary disclosure to HMRC which was filed in May 2024 and agreed to pay the full VAT amount, with some interest but no penalties, due to the voluntary nature of the disclosure and the extensive professional advice sought. Management consulted HMRC whereby they agreed to allow settlement in two trances, £3.5m paid on 14 June 2024 and the remainder was paid on 14 July 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RUSHTON, Adrian Stuart | Secretary | 2022-03-31 | — | — |
| DI COSTANZO, Francesco | Director | 2024-10-25 | May 1987 | Italian,British |
| RUSHTON, Adrian Stuart | Director | 2022-03-31 | Sep 1972 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASPINALL, Nicholas | Director | 2020-01-13 | 2022-09-30 |
| BRUNBORG, Rune | Director | 2018-08-28 | 2020-01-27 |
| CAIN, David Wayne | Director | 2022-03-31 | 2022-07-20 |
| CHAN, David | Director | 2025-03-11 | 2026-02-03 |
| CHAN, David | Director | 2021-03-31 | 2024-10-25 |
| ELVEBAKK, Per Oivind | Director | 2015-12-03 | 2018-11-16 |
| HOWARD, John Emanuel Donnell | Director | 2020-01-13 | 2020-05-08 |
| HUGHES, Joseph Michael | Director | 2020-05-01 | 2022-10-28 |
| JAIN, Payal | Director | 2020-11-01 | 2022-03-31 |
| JONES, Scott Christopher | Director | 2020-01-13 | 2022-03-31 |
| MCDERMOTT, Toni Frances | Director | 2020-01-13 | 2020-06-12 |
| RADLEY, Neil Andrew | Director | 2018-07-04 | 2021-03-31 |
| REDDIN, Jonathan Michael | Director | 2017-01-26 | 2018-06-30 |
| RIKSEN, Kyrre | Director | 2015-12-03 | 2020-01-27 |
| ROBSON-CAPPS, Teresa, Dr | Director | 2022-10-01 | 2024-03-31 |
| SVENDSEN, Jostein | Director | 2015-09-28 | 2021-06-18 |
| TRIVEDI, Pathiq Malhaar Jaymin | Director | 2019-10-08 | 2022-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Jaja Finance Holding (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-06-27 | Active |
| Mr Jostein Svendsen | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-03-07 |
| Mr Per Oivind Elvebakk | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-03-07 |
| Mr Kyrre Riksen | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-03-07 |
Filing timeline
Last 20 of 114 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-16 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-07 | SH01 | capital | Capital allotment shares | |
| 2025-12-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-09-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-10 | SH01 | capital | Capital allotment shares | |
| 2025-06-19 | AA01 | accounts | Change account reference date company current extended | |
| 2025-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-08 | SH01 | capital | Capital allotment shares | |
| 2024-10-29 | CH01 | officers | Change person director company with change date | |
| 2024-10-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-17 | AA | accounts | Accounts with accounts type full | |
| 2024-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-25 | AA | accounts | Accounts with accounts type full | |
| 2022-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-27 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 3
- Officers appointed
- 0
- Officers resigned
- 1
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
+330.1%
£2,986,474 £12,843,434
-
Cash
-33.7%
£8,514,673 £5,643,046
-
Net assets
-3.5%
£10,164,265 £9,809,879
-
Employees
+96.4%
55 108
-
Operating profit
-17.6%
-£15,255,718 -£17,945,175
-
Profit before tax
-17.7%
-£15,240,846 -£17,944,028
-
Wages
+79%
£4,456,372 £7,977,888
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