UK Companies House feature
EFT CORPORATION LIMITED
Cash
£1M
+54,281.5% vs 2022
Net assets
£2M
+1,396.4% vs 2022
Employees
4
Average over period
Profit before tax
—
Period ending 2023-02-28
Profile
- Company number
- 12528125
- Status
- Active
- Incorporation
- 2020-03-20
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 62090
Net assets
3-year trend · vs UK AI & Enterprise SaaS median
Accounts
3-year trend · latest 2023-02-28
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-02-28 |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | — | — | |
| Profit before tax | — | — | — | |
| Net profit | — | — | — | |
| Cash | — | £2,701 | £1,468,844 | |
| Total assets less current liabilities | £1 | £396,038 | £2,536,088 | |
| Net assets | £1 | £163,438 | £2,445,617 | |
| Equity | £1 | — | — | |
| Average employees | 0 | 0 | 4 | |
| 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
- IFRS
- Reporting scope
- Consolidated (group)
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 2.4 in the financial statements, which indicates uncertainty surrounding the Group's performance and ability to discharge its liabilities is reliant on future fund raises. Whilst the Directors are currently seeking to implement an investor backed bank facility, the timing and amount of this is uncertain. As stated in note 2.4, these events or conditions, along with the other matters as set forth in note 2.4, indicate that a material uncertainty exists that may cast significant doubt on Group and the Parent Company's ability to continue as a going concern.”
Subsidiaries
- EFT Corporation Technologies (Pty) Ltd · 75% held · South Africa · Payments software and technology services
- Ukheshe Africa Ltd · 100% held · Mauritius · Market development and support services
- Ukheshe Technologies ME Limited · 100% held · United Arab Emirates · Market development and support services
- Ukheshe APAC Pte. Ltd · 100% held · Singapore · Market development and support services
- EFT Corporation Limited · 100% held · Mauritius · Support shared services
- EFT Payment Solutions (Pty) Ltd · 75% held · South Africa · Provision of licenced financial services
- Payperks (Pty) Ltd · 75% held · South Africa · Payments software and technology services
- Ukheshe Kenya Limited · 100% held · Nairobi, Kenya · Payments software and technology services
- Ukeshe Zimbabwe Ltd · 100% held · Zimbabwe · Payments software and technology services
- EFT Corporation Zimbabwe (Private) Ltd · 100% held · Zimbabwe · Payments software and technology services
- EFT Corporation Zambia Limited · 100% held · Zambia · Payments software and technology services
- Electronic Funds Technology (Ghana) Limited · 100% held · Ghana · Payments software and technology services
- EFT Corporation (Kenya) Limited · 100% held · Kenya · Payments software and technology services
- Electronic Funds Technology Corporation South Africa (Pty) Ltd · 68.3% held · South Africa · Payments software and technology services
- EFT Pay · 100% held · Mauritius · Payments software and technology services
- Quality Vector Technologies Private Ltd · 80% held · India · Support shared services
- EFT Corporation Services (Private) Limited · 100% held · Zimbabwe · Reseller and terminal repairs
- Eswitch Zambia Ltd · 100% held · Payments software and technology services
Significant events
- “On 7 January 2024, the Group successfully completed the acquisition of EFT Corporation Limited and its subsidiaries, with investment support from its lead investor, Development Partners International ("DPI").”
- “Consequently, the Group undertook a corporate name change and rebranding from Ukheshe International Limited to EFT Corporation Limited.”
- “Bank Sponsorship Termination - EFT Payment Solutions (Pty) Ltd: Due to increased regulatory scrutiny of sponsor bank relationships, EFT Payment Solutions (Pty) Ltd elected to transition to a new sponsoring partner...However, delays in the approval process have resulted in the termination of the existing sponsorship for current customers, effective 30 April 2025.”
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
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ABDULLE, Muna | Director | 2022-12-22 | Jul 1990 | Dutch |
| GRIFFITHS, James Stanford | Director | 2022-12-22 | Aug 1985 | British |
| HAYWARD, Clayton | Director | 2022-12-22 | Aug 1972 | South African |
| SMITS, Mike | Director | 2022-12-22 | Feb 1979 | South African |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JARDIM, Chante | Director | 2021-07-28 | 2024-04-01 |
| MHLANGA, Prins | Director | 2022-12-22 | 2026-03-24 |
| MOKWENA, Paula | Director | 2023-03-31 | 2024-07-31 |
| SMITS, Mike | Director | 2020-03-20 | 2021-12-01 |
| SYED, Jean-Philipe Elie Henri | Director | 2022-12-22 | 2023-03-31 |
| ZIERVOGEL, Lee | Director | 2024-04-01 | 2025-02-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Umbra Global Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-01-13 | Active |
| Chante’ Jardim | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-11 | Ceased 2022-12-22 |
| Mr Mike Smits | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-03-20 | Ceased 2021-12-11 |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-14 | TM01 | officers | termination director company with name termination date |
| 2025-11-06 | AA | accounts | accounts with accounts type group |
| 2025-04-29 | CERTNM | change-of-name | certificate change of name company |
| 2025-02-24 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-02-24 | TM01 | officers | termination director company with name termination date |
| 2024-12-24 | AA | accounts | accounts with accounts type group |
| 2024-10-04 | TM01 | officers | termination director company with name termination date |
| 2024-09-13 | CH01 | officers | change person director company with change date |
| 2024-09-13 | CH01 | officers | change person director company with change date |
| 2024-09-13 | CH01 | officers | change person director company with change date |
| 2024-09-13 | CH01 | officers | change person director company with change date |
| 2024-09-12 | CH01 | officers | change person director company with change date |
| 2024-09-06 | AD01 | address | change registered office address company with date old address new address |
| 2024-04-09 | AP01 | officers | appoint person director company with name date |
| 2024-04-08 | TM01 | officers | termination director company with name termination date |
| 2024-02-01 | AA01 | accounts | change account reference date company previous shortened |
| 2024-02-01 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-01-22 | SH01 | capital | capital allotment shares |
| 2024-01-22 | SH01 | capital | capital allotment shares |
| 2024-01-21 | RESOLUTIONS | resolution | resolution |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Composite activity score · components 0–100 · reference 2026-05-09
31.7
COLD
/ 100
- Filings velocity 17
- Capital events 0
- Officer churn 25
- Headcount trajectory 50
- Accounts trajectory 100
- 2 filing(s) in last 12 months
- 0 appointed, 1 resigned (12mo)
- Net Assets +1396% YoY