UK Companies House feature
FREEDOMPAY WORLD EUROPE LIMITED
Cash
£743K
+491.1% vs 2023
Net assets
-£4M
-167.6% vs 2023
Employees
37
+37% vs 2023
Profit before tax
-£2M
+8.9% vs 2023
Profile
- Company number
- 10588132
- Status
- Active
- Incorporation
- 2017-01-27
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62012
Net assets
10-year trend · vs UK AI & Enterprise SaaS median
Accounts
10-year trend · latest 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | — | £20,217,128 | £14,297,835 | |
| Operating profit | — | — | — | — | — | — | — | — | -£2,514,432 | -£2,290,386 | |
| Profit before tax | — | — | — | — | — | — | — | — | -£2,514,432 | -£2,290,386 | |
| Net profit | -£2,694,165 | — | -£2,909,657 | — | -£2,266,313 | — | -£4,710,657 | — | -£2,514,432 | -£2,290,386 | |
| Cash | £58,895 | — | £31,832 | — | £225,313 | — | £165,660 | £165,660 | £125,700 | £743,028 | |
| Total assets less current liabilities | -£2,674,093 | — | -£904,482 | — | -£3,209,581 | — | -£7,920,238 | — | — | — | |
| Net assets | -£2,674,093 | — | -£943,268 | — | -£3,209,581 | — | -£7,920,238 | — | -£1,366,455 | -£3,656,841 | |
| Equity | -£2,674,093 | -£2,674,093 | -£943,268 | -£943,268 | -£3,209,581 | -£3,209,581 | -£7,920,238 | -£7,920,238 | -£1,366,455 | -£3,656,841 | |
| Average employees | 10 | — | 13 | — | 20 | — | 27 | — | 27 | 37 | |
| Wages | — | — | — | — | — | — | — | — | £3,016,985 | £3,917,576 |
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
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Successful onboarding of several UK-based multi-site retailers and hospitality groups, contributing towards an 82% increase in transaction volume year-on-year.”
- “Subsequent to the year end on 1 May 2025, the company allotted 1 ordinary share at £0.01 per share for consideration of £15,223,307.”
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
5 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CLS (UK) LIMITED | Corporate Secretary | 2026-02-05 | — | — |
| BASKOWSKY, Paul Willis | Director | 2017-01-27 | Sep 1953 | American |
| DUROVSIK, Thomas Edward | Director | 2017-01-27 | Apr 1956 | American |
| HALBE, Neal Francis | Director | 2017-01-27 | Jan 1975 | American |
| HAMMOND, Anthony Trevor, Mr. | Director | 2018-05-18 | Jan 1961 | British |
Ownership
Persons with significant control
Filing timeline
Last 20 of 38 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-09 | CS01 | confirmation-statement | confirmation statement with updates |
| 2026-02-18 | AP04 | officers | appoint corporate secretary company with name date |
| 2025-10-02 | AA | accounts | accounts with accounts type full |
| 2025-06-16 | SH01 | capital | capital allotment shares |
| 2025-01-28 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-12-20 | AA | accounts | accounts with accounts type small |
| 2024-01-30 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-01-30 | CH01 | officers | change person director company with change date |
| 2023-12-30 | AA | accounts | accounts with accounts type small |
| 2023-09-07 | SH01 | capital | capital allotment shares |
| 2023-08-23 | MR04 | mortgage | mortgage satisfy charge full |
| 2023-08-23 | MR04 | mortgage | mortgage satisfy charge full |
| 2023-08-15 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-08-15 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-04-27 | AA | accounts | accounts with accounts type small |
| 2023-01-26 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-04-14 | AA | accounts | accounts with accounts type small |
| 2022-01-28 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-03-31 | CH01 | officers | change person director company with change date |
| 2021-01-27 | CS01 | confirmation-statement | confirmation statement with no updates |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
-2.61
DISTRESS
Altman Z″
- Working capital / Total assets -0.223 × 6.56 = -1.46
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -0.143 × 6.72 = -0.96
- Book equity / Total liabilities -0.185 × 1.05 = -0.19
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
Filings velocity, capital events, officer churn, accounts trajectory