UK Companies House feature
FNALITY INTERNATIONAL LIMITED
Profile
- Company number
- 11954089
- Status
- Active
- Incorporation
- 2019-04-18
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 64999
- Hubs
- UK Fintech
Accounts
Pending extraction
No iXBRL extracted yet for this company.
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- IFRS
- Reporting scope
- Consolidated (group)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Based on the above, this indicates the existence of a material uncertainty which may cast significant doubt over the Group and the Parent Company's ability to continue as going concerns and therefore, the Group and Parent Company may be unable to realise their assets and discharge their liabilities in the ordinary course of business.”
Subsidiaries
- Fnality Services Limited · 100% held · United Kingdom · non-trading service company
- Fnality UK Limited · 100% held · United Kingdom · operation of the UK Fnality Payment System
- Fnality XB Corporation · 100% held · USA · provision of management services
Significant events
- “During 2024, Fnality transitioned from the development phase to running live operations in pursuit of its goal of creating a network of decentralised Financial Market Infrastructures (dFMIs) to deliver the means of payment-on-chain in wholesale banking markets by way of distributed ledger technology (DLT).”
- “2024 marked the first full year of operations for the Sterling Fnality Payment System (£FnPS), after the first live transactions utilising a digital representation of funds held at the Bank of England during late 2023.”
- “The foundational steps were also taken towards launch of the Dollar Fnality Payment System ($FnPS). Applications to the Federal Reserve and Connecticut Department of Banking were made during 2024, as planning and setup activities for the payment system to support the world's largest currency started to accelerate.”
- “Fnality also executed a fundraise from existing shareholders via issuance of a convertible loan note that will convert to equity upon closure of Series C. The loan note raised £20.124m and saw broad participation from across the shareholder base, further evidence of the support for Fnality's strategy going into 2025.”
- “The first group revenues from software licensing were generated in January 2025, as Fnality moved into the next phase of growth, with a focus on commercialisation.”
- “On 1 March 2025, Michelle Neal joined Fnality International Limited as a director and CEO.”
- “2,984,051 share options have been granted since year end 2024. 240,000 of these were granted with an exercise price of £0.001 per share, while 2,744,051 were granted with an exercise price of £1.85 per share.”
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
16 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AGRAWAL, Pradyumna | Director | 2025-09-10 | Dec 1980 | Singaporean |
| AMLANI, Amar | Director | 2023-10-31 | Sep 1992 | British |
| DANESE, Nicola | Director | 2025-09-10 | Jul 1971 | British |
| EISNER, David Farrell | Director | 2024-03-27 | Dec 1957 | American |
| FRAZER, Jamie Martin | Director | 2025-09-17 | Feb 1968 | American |
| GRUZELIER, John Allan Edward | Director | 2025-09-10 | May 1977 | British |
| HUETING, Willem Bertho | Director | 2022-05-13 | Feb 1962 | Dutch |
| MCCORMACK, Justin Andrew | Director | 2024-01-08 | May 1973 | American |
| MEHRA, Deepak | Director | 2025-11-07 | Jul 1983 | Indian |
| NEAL, Michelle Marie | Director | 2025-03-01 | Oct 1973 | American |
| OFFNER, Gary Douglas | Director | 2022-05-13 | Dec 1966 | American |
| PANDRAVADA, Rajeshwar | Director | 2023-06-27 | Apr 1982 | Indian |
| PAPROCKI, Michal Stanislaw | Director | 2022-05-13 | May 1978 | Polish |
| SERJANTOV, Andrei Alekseevich | Director | 2023-10-31 | Feb 1979 | British |
| SINGH, Siddharth | Director | 2026-04-10 | Jan 1981 | British |
| STEINBERG, Jonathan Laurence | Director | 2022-05-13 | Nov 1964 | American |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOURLET, Charles Herbert | Secretary | 2023-06-30 | 2025-12-31 |
| HACKWOOD SECRETARIES LIMITED | Corporate Secretary | 2019-04-18 | 2023-06-30 |
| AHUJA, Poonam | Director | 2021-07-28 | 2021-07-29 |
| AUTOTTE, Martin | Director | 2019-05-13 | 2021-05-12 |
| BRERETON, Luke James | Director | 2023-08-11 | 2024-01-08 |
| CAMBIER, Wout | Director | 2022-09-19 | 2022-09-23 |
| CAMP, Paul | Director | 2019-05-13 | 2021-08-20 |
| FOREMAN-PURVES, Meghan Alice | Director | 2024-06-17 | 2025-09-10 |
| HAYWARD, Ryan Paul | Director | 2021-05-13 | 2024-05-13 |
| ISSA, Angel Ahmed Rodriguez | Director | 2022-08-17 | 2023-06-06 |
| JAFFREY, Syed Hyder | Director | 2019-05-13 | 2022-05-13 |
| KOHLI, Vivek | Director | 2022-03-23 | 2022-05-13 |
| KRAMER, Christian Andreas | Director | 2024-06-17 | 2025-09-10 |
| LOEFGEN, Simone | Director | 2022-09-21 | 2024-05-13 |
| MELVILLE, Andrea | Director | 2019-05-13 | 2021-05-12 |
| MITSUKI, Miyamoto | Director | 2021-05-13 | 2024-04-01 |
| NAKATAKE, Hiroshi | Director | 2019-05-13 | 2021-05-12 |
| NEWCOMBE, Paul Alan | Director | 2019-04-18 | 2019-05-13 |
| PANDRAVADA, Rajeshwar | Director | 2022-08-17 | 2023-02-16 |
| PFEIFFER, Christian | Director | 2021-05-13 | 2022-09-02 |
| POWELL, Johnna Dawn | Director | 2023-10-31 | 2026-03-06 |
| RAM, Rhomaios Virjanand | Director | 2023-10-31 | 2024-12-31 |
| RAM, Rhomaios Virjanand | Director | 2019-05-13 | 2019-05-13 |
| SAKATI, Surri | Director | 2021-05-13 | 2021-07-12 |
| SHARMA, Saket | Director | 2021-09-15 | 2022-03-23 |
| TURLEY, James Cornelius | Director | 2019-05-13 | 2022-02-28 |
| VAN STIPHOUT, Marnix Adriaan | Director | 2019-05-13 | 2021-05-12 |
| WENKE, Theis Karlheinz | Director | 2019-05-13 | 2022-05-13 |
| WERNER, Swen | Director | 2021-07-12 | 2023-07-23 |
| WHELAN, John | Director | 2019-05-13 | 2022-05-13 |
| ZOUTENDIJK, Olga Louise | Director | 2022-02-28 | 2023-09-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hackwood Secretaries Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-04-18 | Ceased 2019-05-13 |
Filing timeline
Last 20 of 123 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-05-05 | CS01 | confirmation-statement | confirmation statement with updates |
| 2026-04-10 | AP01 | officers | appoint person director company with name date |
| 2026-03-31 | TM01 | officers | termination director company with name termination date |
| 2026-01-20 | TM02 | officers | termination secretary company with name termination date |
| 2025-11-07 | AP01 | officers | appoint person director company with name date |
| 2025-10-06 | SH01 | capital | capital allotment shares |
| 2025-10-06 | SH08 | capital | capital name of class of shares |
| 2025-09-24 | AP01 | officers | appoint person director company with name date |
| 2025-09-22 | AP01 | officers | appoint person director company with name date |
| 2025-09-16 | AP01 | officers | appoint person director company with name date |
| 2025-09-16 | AP01 | officers | appoint person director company with name date |
| 2025-09-16 | TM01 | officers | termination director company with name termination date |
| 2025-09-16 | TM01 | officers | termination director company with name termination date |
| 2025-09-08 | RESOLUTIONS | resolution | resolution |
| 2025-09-08 | MA | incorporation | memorandum articles |
| 2025-04-30 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-04-02 | AA | accounts | accounts with accounts type group |
| 2025-03-07 | AP01 | officers | appoint person director company with name date |
| 2025-02-04 | SH08 | capital | capital name of class of shares |
| 2025-01-13 | TM01 | officers | termination director company with name termination date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Credit score requires extracted accounts data.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory
Activity Score not yet computed for this company.