UK Companies House feature
TRUELAYER LIMITED
Cash
£15M
-14.3% vs 2023
Net assets
£19M
-13.6% vs 2023
Employees
248
-22.7% vs 2023
Profit before tax
-£43M
+19.2% vs 2023
Profile
- Company number
- 10278251
- Status
- Active
- Incorporation
- 2016-07-14
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62090
Net assets
6-year trend · vs UK AI & Enterprise SaaS median
Accounts
6-year trend · latest 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | £1,421,210 | — | — | — | — | |
| Operating profit | — | -£17,123,139 | — | — | — | — | |
| Profit before tax | — | -£17,123,126 | -£31,656,115 | -£60,524,509 | -£52,903,668 | -£42,727,523 | |
| Net profit | — | -£16,296,005 | £28,174,082 | -£59,581,135 | -£52,388,453 | -£41,272,030 | |
| Cash | — | £28,807,095 | £52,328,647 | £25,716,560 | £17,485,575 | £14,987,525 | |
| Total assets less current liabilities | — | £11,298,669 | £37,160,829 | £28,054,898 | £22,876,413 | £19,782,142 | |
| Net assets | — | £11,260,494 | £37,122,654 | £28,016,723 | £22,496,138 | £19,440,042 | |
| Equity | £26,056,735 | £11,260,494 | £37,122,654 | £28,016,723 | £22,496,138 | £19,440,042 | |
| Average employees | — | 126 | 217 | 413 | 321 | 248 | |
| 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
- Ernst & Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Notwithstanding the loss for the year of £41,243,098, the financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The company has prepared detailed forecasts of its future working capital requirements which indicate that it will have sufficient cash resources. Further the directors have received a letter of support from the ultimate parent company, TrueLayer Group Holdings Limited. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and have therefore prepared the financial statements on a going concern basis.”
Significant events
- “There have been no significant events affecting the company since the year end.”
- “All material information has been reflected in the financial statements as at the balance sheet date, and there have been no subsequent events that would materially affect the financial position or performance 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 · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GODDARD, Olivia Charlotte Elizabeth | Secretary | 2025-05-12 | — | — |
| KERRIGAN, Robert Daniel | Director | 2025-01-20 | Jun 1983 | British |
| MIRZA, Muhamad Hussein | Director | 2025-01-20 | Jul 1989 | British |
| RICHARDSON, Camilla Jane | Director | 2024-02-19 | Dec 1972 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEZZA, Pietro | Director | 2016-08-01 | 2021-03-04 |
| MA, Danying | Director | 2019-06-24 | 2021-03-03 |
| MARTINETTI, Luca | Director | 2016-07-14 | 2025-01-20 |
| RANCHERE, Yann | Director | 2017-05-22 | 2021-03-01 |
| SIMONESCHI, Francesco | Director | 2016-07-14 | 2025-01-20 |
| ZINK, Jeppe Heinrich | Director | 2018-07-05 | 2021-02-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Luca Martinetti | Individual | Shares 25–50%, Voting 25–50% | 2016-07-14 | Ceased 2018-07-05 |
| Francesco Simoneschi | Individual | Shares 25–50%, Voting 25–50% | 2016-07-14 | Ceased 2018-07-05 |
Filing timeline
Last 20 of 97 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-09-25 | AA | accounts | accounts with accounts type full |
| 2025-09-17 | SH01 | capital | capital allotment shares |
| 2025-08-06 | RESOLUTIONS | resolution | resolution |
| 2025-08-06 | SH01 | capital | capital allotment shares |
| 2025-07-31 | SH20 | capital | legacy |
| 2025-07-31 | SH19 | capital | capital statement capital company with date currency figure |
| 2025-07-31 | CAP-SS | insolvency | legacy |
| 2025-07-31 | RESOLUTIONS | resolution | resolution |
| 2025-07-17 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-07-15 | SH01 | capital | capital allotment shares |
| 2025-05-16 | AP03 | officers | appoint person secretary company with name date |
| 2025-03-26 | RESOLUTIONS | resolution | resolution |
| 2025-03-26 | MA | incorporation | memorandum articles |
| 2025-01-30 | AP01 | officers | appoint person director company with name date |
| 2025-01-30 | TM01 | officers | termination director company with name termination date |
| 2025-01-30 | TM01 | officers | termination director company with name termination date |
| 2025-01-30 | AP01 | officers | appoint person director company with name date |
| 2024-11-08 | SH01 | capital | capital allotment shares |
| 2024-09-24 | AA | accounts | accounts with accounts type full |
| 2024-08-14 | SH01 | capital | capital allotment shares |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
-4.06
DISTRESS
Altman Z″
- Working capital / Total assets 0.609 × 6.56 = +3.99
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -1.627 × 6.72 = -10.93
- Book equity / Total liabilities 2.742 × 1.05 = +2.88
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Composite activity score · components 0–100 · reference 2026-05-09
62.5
WARM
/ 100
- Filings velocity 92
- Capital events 100
- Officer churn 25
- Headcount trajectory 27
- Accounts trajectory 36
- 11 filing(s) in last 12 months
- 7 capital event(s) in last 24 months
- 1 appointed, 0 resigned (12mo)
- Employees -23% YoY
- Net Assets -14% YoY