UK Companies House feature
MONETLEY LTD
Cash
£3M
-85.7% vs 2023
Net assets
£3M
+532.2% vs 2023
Employees
19
+35.7% vs 2023
Profit before tax
£44K
+669.4% vs 2023
Profile
- Company number
- 10978538
- Status
- Active
- Incorporation
- 2017-09-23
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Net assets
10-year trend · vs UK Fintech median
Accounts
10-year trend · latest 2024-12-31
| Metric | Trend | 2018-10-01 | 2019-09-30 | 2020-09-30 | 2020-10-01 | 2021-09-30 | 2021-10-01 | 2022-09-30 | 2022-10-01 | 2023-09-30 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £170,234 | — | £1,388,738 | — | £1,316,592 | £4,533,638 | |
| Operating profit | — | -£58,048 | -£25,481 | — | -£80,183 | — | £201,582 | — | -£7,726 | £55,315 | |
| Profit before tax | — | -£61,729 | -£30,226 | — | -£80,186 | — | £201,329 | — | -£7,751 | £44,136 | |
| Net profit | — | -£61,729 | -£30,226 | — | -£80,186 | — | £214,529 | — | -£28,559 | £44,136 | |
| Cash | £10,694 | £1,988 | £236,343 | £236,343 | £15,322,283 | £15,322,283 | £16,157,946 | £16,157,946 | £22,899,692 | £3,280,787 | |
| Total assets less current liabilities | — | -£3,025 | £170,948 | — | £303,754 | — | £518,283 | — | £497,332 | £3,103,424 | |
| Net assets | — | -£79,248 | £170,948 | — | £303,754 | — | £518,283 | — | £489,724 | £3,095,816 | |
| Equity | -£54,924 | -£79,248 | £170,948 | £170,948 | £303,754 | £303,754 | £518,283 | £518,283 | £489,724 | £3,095,816 | |
| Average employees | — | 2 | 2 | — | 10 | — | 15 | — | 14 | 19 | |
| Wages | — | — | — | — | £132,546 | — | £530,691 | — | £631,901 | £2,684,976 |
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
- Sumer Auditco Limited
- 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
- “During the period, the Company amended its agency agreement with MoneyTea, a related entity within the same corporate group. The amendment introduced a volume-based tiered pricing structure in place of a fixed fee model, with the objective of enhancing the Company's revenue potential.”
- “To preserve capital levels above the regulatory minimum, Management approached the parent Company for a capital injection of €3 million which was approved in April 2024.”
- “In June 2023, the Company was informed that the Bank of Lithuania would be ceasing to provide banking services to Monetley as a result of a change in their risk appetite towards the underlying transactions of Monetley's customers which included the sale proceeds of their crypto related transactions.”
- “The loss of the Bank of Lithuania as a key banking partner has meant that some of the features of the e-money accounts the Company provides to end users have been temporarily suspended while alternative suppliers are being engaged.”
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
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARMSTRONG, Megan Linsey | Director | 2024-09-27 | Dec 1992 | British |
| KOZYAKOV, Petr | Director | 2024-09-02 | Aug 1988 | Russian |
| STRIDE, Matthew Tudor | Director | 2025-06-18 | Feb 1972 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASTAPCIKS, Igors | Director | 2017-09-23 | 2018-09-19 |
| BERZINA, Luize | Director | 2018-09-19 | 2020-10-14 |
| BURRETT, Lindsay Simon | Director | 2023-05-11 | 2024-10-10 |
| KAZANSKIS, Viktors | Director | 2018-09-19 | 2020-11-05 |
| LAPKOVSKIS, Dimitrijs | Director | 2020-10-07 | 2023-06-30 |
| MALINS, Aleksandrs | Director | 2017-09-23 | 2018-09-19 |
| MEDVEDE, Natalja | Director | 2020-10-06 | 2023-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrcr Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2023-02-20 | Ceased 2023-02-20 |
| Petr Kozyakov | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-02-20 | Active |
| Mr Dimitrijs Lapkovskis | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-09-09 | Ceased 2023-02-20 |
| Mr Aleksandrs Malins | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-09-23 | Ceased 2020-09-09 |
| Mr Igors Astapciks | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-09-23 | Ceased 2020-09-09 |
Filing timeline
Last 20 of 58 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-12-04 | AA | accounts | accounts with accounts type full |
| 2025-11-18 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-06-26 | AP01 | officers | appoint person director company with name date |
| 2025-03-19 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-10-29 | AA01 | accounts | change account reference date company current extended |
| 2024-10-15 | TM01 | officers | termination director company with name termination date |
| 2024-09-30 | AP01 | officers | appoint person director company with name date |
| 2024-09-03 | AP01 | officers | appoint person director company with name date |
| 2024-07-15 | AA | accounts | accounts with accounts type full |
| 2024-06-26 | PSC01 | persons-with-significant-control | notification of a person with significant control |
| 2024-06-26 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2024-05-09 | SH01 | capital | capital allotment shares |
| 2024-03-19 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-12-12 | AD01 | address | change registered office address company with date old address new address |
| 2023-12-08 | AD01 | address | change registered office address company with date old address new address |
| 2023-09-29 | AA | accounts | accounts with accounts type full |
| 2023-06-30 | TM01 | officers | termination director company with name termination date |
| 2023-06-30 | TM01 | officers | termination director company with name termination date |
| 2023-05-11 | AP01 | officers | appoint person director company with name date |
| 2023-03-06 | CS01 | confirmation-statement | confirmation statement with updates |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
4.11
SAFE
Altman Z″
- Working capital / Total assets 0.472 × 6.56 = +3.10
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.009 × 6.72 = +0.06
- Book equity / Total liabilities 0.907 × 1.05 = +0.95
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