UK Companies House feature
KROO BANK LTD
Cash
£1M
-12.7% vs 2019
Net assets
-£2M
-229.4% vs 2019
Employees
31
+24% vs 2019
Profit before tax
—
Period ending 2020-12-31
Profile
- Company number
- 10359002
- Status
- Active
- Incorporation
- 2016-09-05
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64191
- Hubs
- UK Fintech
Net assets
2-year trend · vs UK Fintech median
Accounts
2-year trend · latest 2020-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | — | — | |
| Net profit | — | — | |
| Cash | £1,527,235 | £1,333,609 | |
| Total assets less current liabilities | £1,258,024 | -£1,467,200 | |
| Net assets | £1,198,330 | -£1,551,236 | |
| Equity | £1,198,330 | -£1,551,236 | |
| Average employees | 25 | 31 | |
| 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
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As the status of Kroo as a going concern is dependent on securing this new equity funding, the directors are of the opinion that this matter represents a material uncertainty that may cast significant doubt upon its ability to continue as a going concern and therefore that it may be unable to realise its assets and discharge its liabilities in the normal course of business. The financial statements do not include the adjustments that would be required should the going concern basis of preparation no longer be appropriate. Notwithstanding this material uncertainty, the directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence, fulfil its regulatory capital requirements and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.”
Significant events
- “During 2024 Kroo launched Kroo Pots, customer self-serve enhancements including generative AI chatbot & debit card management features. Flexible Cash ISA introduced early 2025.”
- “Capital raising continued in 2024, raising £12.5m. A further £26.0m raised post year-end by issuing 163,196,116 shares.”
- “Staff costs were 3.8% lower and non-staff costs 33.1% lower in 2024. FTE staff reduced from 290 (2023) to 224 (2024).”
- “October 2024: New regime for Authorised Push Payment (APP) fraud implemented, requiring PSPs like Kroo to reimburse victims up to £85,000. Kroo expects fraud losses to increase.”
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
8 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BYRNE, Stephen George | Secretary | 2020-06-02 | — | — |
| DOUTHWAITE, Susan Margaret | Director | 2026-02-13 | Oct 1962 | British |
| JOSEPH, Serena Mary | Director | 2021-07-09 | Dec 1964 | British |
| KENNY, Penelope Lucy Mary | Director | 2021-07-12 | Jul 1959 | Irish |
| LAMBERSON, Colby David | Director | 2025-07-02 | Mar 1974 | American |
| LOVETT, Veronika | Director | 2025-12-09 | Jul 1984 | British |
| MCKENZIE, Ian Charles Sholto | Director | 2025-10-06 | May 1965 | British |
| RICHARDSON, Caroline Jane | Director | 2026-03-11 | Aug 1974 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PERRY, Duncan | Secretary | 2016-09-05 | 2017-01-16 |
| SHARIFF, Hafiz | Secretary | 2017-03-24 | 2017-11-11 |
| DENTONS SECRETARIES LIMITED | Corporate Secretary | 2017-11-11 | 2024-05-01 |
| BROWN, Tim | Director | 2016-09-05 | 2020-04-07 |
| DE GOTTARDO, Andrea | Director | 2021-04-21 | 2025-11-14 |
| KARSAN, Nooruddin | Director | 2021-08-06 | 2025-07-03 |
| MARR, Hamish Cameron Galbraith | Director | 2021-07-09 | 2024-07-07 |
| MICHAELIDES, Andrew | Director | 2020-04-07 | 2026-03-03 |
| PERRY, Duncan Karl | Director | 2016-09-05 | 2017-01-16 |
| SHARIFF, Hafiz | Director | 2017-03-24 | 2018-05-11 |
| VALIMAHOMED, Nazim | Director | 2016-09-05 | 2021-04-21 |
| VAN LANSCHOT, Christiaen Laurens | Director | 2022-08-12 | 2025-07-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Colby David Lamberson | Individual | Shares 25–50%, Voting 25–50% | 2025-07-21 | Active |
| Mr Nazim Valimahomed | Individual | Shares 25–50%, Voting 25–50% | 2016-09-05 | Ceased 2021-07-15 |
Filing timeline
Last 20 of 186 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-05-08 | SH01 | capital | capital allotment shares |
| 2026-04-10 | SH01 | capital | capital allotment shares |
| 2026-03-23 | SH01 | capital | capital allotment shares |
| 2026-03-19 | AP01 | officers | appoint person director company with name date |
| 2026-03-04 | SH01 | capital | capital allotment shares |
| 2026-03-03 | TM01 | officers | termination director company with name termination date |
| 2026-02-20 | RP01SH01 | miscellaneous | legacy |
| 2026-02-16 | AP01 | officers | appoint person director company with name date |
| 2026-02-06 | SH01 | capital | capital allotment shares |
| 2025-12-17 | AP01 | officers | appoint person director company with name date |
| 2025-11-20 | SH01 | capital | capital allotment shares |
| 2025-11-17 | TM01 | officers | termination director company with name termination date |
| 2025-11-13 | SH01 | capital | capital allotment shares |
| 2025-10-07 | AP01 | officers | appoint person director company with name date |
| 2025-09-22 | AA | accounts | accounts with accounts type full |
| 2025-09-09 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-09-02 | SH01 | capital | capital allotment shares |
| 2025-08-06 | PSC01 | persons-with-significant-control | notification of a person with significant control |
| 2025-08-06 | PSC09 | persons-with-significant-control | withdrawal of a person with significant control statement |
| 2025-08-01 | SH01 | capital | capital allotment shares |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory