UK Companies House feature
VERTOFX LTD
Cash
£173K
-81.1% vs 2022
Net assets
£2M
+197.2% vs 2022
Employees
47
+27% vs 2022
Profit before tax
—
Period ending 2023-09-30
Profile
- Company number
- 10973066
- Status
- Active
- Incorporation
- 2017-09-20
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 62012
Net assets
5-year trend · vs UK AI & Enterprise SaaS median
Accounts
5-year trend · latest 2023-09-30
| Metric | Trend | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | |
| Net profit | — | — | — | — | — | |
| Cash | £890,702 | £408,714 | £876,227 | £918,178 | £173,457 | |
| Total assets less current liabilities | £1,078,844 | £700,716 | — | -£2,155,293 | £2,347,935 | |
| Net assets | -£340,575 | £602,359 | -£4,653 | -£2,416,741 | £2,347,935 | |
| Equity | -£340,575 | £602,359 | -£4,653 | — | — | |
| Average employees | 10 | 8 | 18 | 37 | 47 | |
| 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
- Consolidated (group)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed the company's ability to continue as a going concern and believe that the company has adequate resources to meet its financial obligations for the foreseeable future, based on current trading conditions and ongoing financing arrangements. To their knowledge, there are no material event that could cast significant doubt on the company's ability to continue as a going concern.”
Subsidiaries
- Locusnine Innovations Pvt. Ltd. · 100% held · India · Platform support
- Verto Malta Holdings · 100% held · Malta · Holding company
- Verto Malta · 100% held · Malta · Currency trading
- Verto Tanzania Limited · 98% held · Tanzania · Currency trading
Significant events
- “During the reporting period, the company experienced significant growth, underpinned by ongoing investment in technology, banking infrastructure, and geographical expansion (including the set up of new subsidiaries and branches during the year).”
- “During FY24, Verto launched several new products, including Atlas, Card, Pay-By-Link, and Marketplace, to expand its payment capabilities for both existing and new customers.”
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
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ODUWOLE, Olalekan | Director | 2017-09-20 | Jan 1987 | British |
| OYETAYO, Olakunle | Director | 2017-09-20 | Oct 1981 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Olalekan Oduwole | Individual | Shares 25–50%, ownership-of-shares-25-to-50-percent-as-firm, Voting 25–50%, voting-rights-25-to-50-percent-as-firm, Appoints directors, right-to-appoint-and-remove-directors-as-firm | 2019-09-30 | Ceased 2019-09-30 |
| Mr Olakunle Oyetayo | Individual | Shares 25–50%, ownership-of-shares-25-to-50-percent-as-firm, Voting 25–50%, voting-rights-25-to-50-percent-as-firm, Appoints directors, right-to-appoint-and-remove-directors-as-firm | 2019-09-30 | Ceased 2019-09-30 |
| Mr Olalekan Oduwole | Individual | Shares 25–50%, Appoints directors | 2017-09-20 | Ceased 2018-12-28 |
| Mr Olakunle Oyetayo | Individual | Shares 25–50%, Appoints directors | 2017-09-20 | Ceased 2018-12-28 |
Filing timeline
Last 20 of 45 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-02-17 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2026-02-11 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2026-01-29 | CS01 | confirmation-statement | confirmation statement with updates |
| 2026-01-29 | CH01 | officers | change person director company with change date |
| 2026-01-29 | CH01 | officers | change person director company with change date |
| 2026-01-29 | CH01 | officers | change person director company with change date |
| 2025-09-02 | AA | accounts | accounts with accounts type group |
| 2025-02-06 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-05-24 | AA01 | accounts | change account reference date company current extended |
| 2024-02-02 | AA | accounts | accounts with accounts type total exemption full |
| 2024-01-19 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-09-22 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-07-25 | RESOLUTIONS | resolution | resolution |
| 2023-07-19 | AAMD | accounts | accounts amended with accounts type total exemption full |
| 2023-07-17 | SH01 | capital | capital allotment shares |
| 2023-01-31 | AA | accounts | accounts with accounts type total exemption full |
| 2022-09-28 | CS01 | confirmation-statement | confirmation statement with updates |
| 2022-02-11 | RESOLUTIONS | resolution | resolution |
| 2022-02-09 | SH01 | capital | capital allotment shares |
| 2022-01-24 | AA | accounts | accounts with accounts type total exemption full |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory