FMFT HOLDINGS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's 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 group's or the parent 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.”

Group structure

1. FMFT HOLDINGS LIMITED · parent
   1. Seachange Financial Services Limited 100% · England and Wales · Electronic Money Institution

Significant events

• “In November 2024, the company entered into a loan agreement with a third party to provide access to loan facility to support the development of the trial e-money service. The loan facility, totalling £1m, was provided by the minority investor for the purposes of the development of the business and working capital.”
• “As of 1 April 2025, Mercari Inc confirmed that they would cover 50% of amounts owed to HMRC as part of the FMFT Holdings Limited settlement of amounts owed by the parent entity.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  0%

  £399,544 → £399,544

• Net assets

  -37.1%

  -£31,752 → -£43,536

• Employees

  0%

  2 → 2

• Operating profit

  +44%

  -£11,707 → -£6,552

• Profit before tax

  -0.7%

  -£11,707 → -£11,784

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers