CLEAR JUNCTION LIMITED

Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2020-12-30.

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

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.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing the Company's forecasts and projections, which cover the 12-month period from the date of signing the financial statements, the directors have a reasonable expectation that the Company have adequate resources to continue in operational existence for the foreseeable future The Company therefore continues to adopt the going concern basis in preparing its financial statements”

Significant events

• “The first half of 2024 started strong, however during H2 we began to see pressure on revenue This predominantly related to off-boarding clients that did not manage to meet the requirements of incoming regulation, along with reducing interest rates globally Towards the end of the year we started to see the impact of increased competition, with clients spreading their volume across multiple payments providers for the first time Despite these challenges we saw an increase in turnover year on year and remained profitable.”
• “2024 proved to be another challenging year for the industry with continued political and economic instability. Global Interest rates started to decrease in the second half of the year, however there was no let up in continued cost of living increases Both factors put pressure onto companies' bottom line and have severely hampered options for funding within the fintech sector.”
• “Regulatory scrutiny and changes continued to dominate the year Whilst this clarity is needed and well received, it brings challenges for players in the market and we have faced some client attrition where we have seen that clients cannot meet the required regulatory deadlines and we have had to pause services.”
• “Our focus in 2024 has been around further diversification of our revenue streams along with addition of new products and services as we adapt to the challenges of these market conditions We are positioning ourselves to adapt to the anticipated future direction of the industry.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +209.8%

  £1,314,624 → £4,073,309

• Cash

  +1,156.1%

  £20,383,079 → £256,023,868

• Net assets

  —

  Not reported

• Employees

  +300%

  2 → 8

• Profit before tax

  -74.5%

  £315,042 → £80,379

• Wages

  +1,469.9%

  £21,625 → £339,487

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