UK Companies House feature
XPATE LTD
Cash
£3M
+241.5% vs 2023
Net assets
£41M
-1.8% vs 2023
Employees
15
-28.6% vs 2023
Profit before tax
-£721K
+62.2% vs 2023
Profile
- Company number
- 11920779
- Status
- Active
- Incorporation
- 2019-04-02
- 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 | 2020-04-30 | 2020-05-01 | 2021-04-30 | 2021-05-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £2,251,430 | — | £2,011,629 | — | £2,225,468 | — | £275,083 | £5,917,467 | |
| Operating profit | — | — | £103,001 | — | £137,239 | — | -£301,435 | — | -£2,333,715 | -£733,733 | |
| Profit before tax | £21,670 | — | £103,001 | — | £137,239 | — | £130,500 | — | -£1,906,139 | -£721,264 | |
| Net profit | £16,176 | — | £87,657 | — | £111,514 | — | £108,182 | — | -£1,941,808 | -£739,990 | |
| Cash | £5,513 | £5,513 | £598,545 | £598,545 | £693,872 | £693,872 | £583,680 | £583,680 | £897,147 | £3,063,676 | |
| Total assets less current liabilities | £407,648 | — | £495,305 | — | £606,819 | — | £43,885,358 | — | £41,979,220 | £41,257,956 | |
| Net assets | £407,648 | — | £495,305 | — | £606,819 | — | £43,863,120 | — | £41,921,312 | £41,181,322 | |
| Equity | £407,648 | £407,648 | £495,305 | £495,305 | £606,819 | £531,991 | £43,863,120 | £43,863,120 | £41,921,312 | £41,181,322 | |
| Average employees | 2 | — | 33 | — | 51 | — | 45 | — | 21 | 15 | |
| Wages | — | — | £1,396,060 | — | £897,834 | — | £1,073,917 | — | £1,208,584 | £1,078,398 |
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
- BKL 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. The Directors have a reasonable expectation that the Company has adequate resources to meet future working capital requirements and to continue in operational existence for the foreseeable future and they consider it appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “There have been no significant events affecting the Company since the year end.”
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 · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SAFRO, Mihails | Director | 2019-05-03 | Aug 1989 | Latvian |
| ZOTOVA, Anna, Mrs. | Director | 2021-02-22 | Feb 1986 | Latvian |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KAUFHERS, Aleksandrs | Director | 2019-08-07 | 2021-02-24 |
| OLENICENKO, Vladimirs | Director | 2019-04-02 | 2019-05-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| X22 Sia | Corporate entity | Shares 75–100% | 2026-02-20 | Active |
| Mr Mihails Safro | Individual | Shares 75–100% | 2019-04-02 | Ceased 2026-02-20 |
Filing timeline
Last 20 of 30 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-10 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2026-03-10 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2025-11-11 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-09-29 | AA | accounts | accounts with accounts type full |
| 2025-02-07 | CH01 | officers | change person director company with change date |
| 2024-11-13 | CH01 | officers | change person director company with change date |
| 2024-11-13 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-11-13 | CH01 | officers | change person director company with change date |
| 2024-11-13 | CH01 | officers | change person director company with change date |
| 2024-09-12 | AA | accounts | accounts with accounts type full |
| 2023-11-09 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-08-17 | AA | accounts | accounts with accounts type full |
| 2022-12-08 | CH01 | officers | change person director company with change date |
| 2022-12-08 | CH01 | officers | change person director company with change date |
| 2022-11-22 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-08-05 | AA | accounts | accounts with accounts type full |
| 2021-11-16 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-11-05 | AA01 | accounts | change account reference date company current shortened |
| 2021-11-04 | AA | accounts | accounts with accounts type full |
| 2021-03-03 | CH01 | officers | change person director company with change date |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
9.13
SAFE
Altman Z″
- Working capital / Total assets 0.794 × 6.56 = +5.21
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -0.014 × 6.72 = -0.09
- Book equity / Total liabilities 3.825 × 1.05 = +4.02
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 2026-05-10
26.5
COLD
/ 100
- Filings velocity 33
- Capital events 0
- Officer churn 0
- Headcount trajectory 21
- Accounts trajectory 100
- 4 filing(s) in last 12 months
- Employees -29% YoY
- Turnover +2051% YoY