UK Companies House feature
ANDARIA FINANCIAL SERVICES UK LTD
Cash
£1M
+362.3% vs 2022
Net assets
£321K
+5.4% vs 2022
Employees
12
+50% vs 2022
Profit before tax
-£3M
-246.4% vs 2022
Profile
- Company number
- 12840774
- Status
- Active
- Incorporation
- 2020-08-27
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Net assets
6-year trend · vs UK Fintech median
Accounts
6-year trend · latest 2023-12-31
| Metric | Trend | 2020-08-26 | 2020-08-27 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £85,976 | |
| Operating profit | — | — | -£89,621 | — | -£737,083 | -£2,553,183 | |
| Profit before tax | — | — | -£89,621 | — | -£737,083 | -£2,553,183 | |
| Net profit | — | — | -£89,621 | — | -£737,083 | -£2,553,183 | |
| Cash | — | — | £374,675 | £374,675 | £324,261 | £1,499,125 | |
| Total assets less current liabilities | — | — | £362,066 | — | £304,983 | £321,430 | |
| Net assets | — | — | £362,066 | — | £304,983 | £321,430 | |
| Equity | — | — | £362,066 | £362,066 | £304,983 | £321,430 | |
| Average employees | 0 | — | 3 | — | 8 | 12 | |
| Wages | — | — | £43,496 | — | £196,535 | £599,178 |
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
- Buzzacott Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the forecasts and projections the directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have also received confirmation from the company's parent that it will provide financial support to the company for a period of at least twelve months (which is the relevant period for going concern assessment) from the date of approval of these financial statements. The directors therefore consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.”
Subsidiaries
- Andaria Financial Service Limited · Malta
Significant events
- “Since 31 December 2024, the company has issued 1,579,283 Ordinary shares at par.”
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
5 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELLIOTT, Grant Kenneth | Secretary | 2024-06-30 | — | — |
| MCADAM, Kevin Paul | Director | 2024-08-15 | Mar 1961 | British,Canadian |
| SEGUEV, Patrick Itzhak | Director | 2020-08-27 | Apr 1958 | French |
| SMITH, Alan Derrick | Director | 2021-04-14 | Feb 1970 | British |
| VAGHJIANI, Suresh | Director | 2021-12-01 | Oct 1975 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MENNIE, Robert George | Secretary | 2022-03-29 | 2024-06-30 |
| CHANCERY SECRETARIES LIMITED | Corporate Secretary | 2020-08-27 | 2022-03-29 |
| EBBUTT, Hazel | Director | 2020-08-27 | 2021-12-01 |
| GLADMAN, Aaron | Director | 2020-08-27 | 2021-12-01 |
| GOODMAN, Warren Martin | Director | 2020-08-27 | 2021-12-01 |
| MENNIE, Robert George | Director | 2021-12-01 | 2024-06-30 |
| PATEL, Nirav | Director | 2024-11-01 | 2025-05-07 |
| PATEL, Nirav | Director | 2020-08-27 | 2021-04-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Patrick Itzhak Seguev | Individual | ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm, right-to-appoint-and-remove-directors-as-firm | 2020-08-27 | Active |
Filing timeline
Last 20 of 57 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-27 | CH01 | officers | change person director company with change date |
| 2025-10-03 | AA | accounts | accounts with accounts type full |
| 2025-05-22 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-05-21 | SH01 | capital | capital allotment shares |
| 2025-05-21 | TM01 | officers | termination director company with name termination date |
| 2025-04-17 | SH01 | capital | capital allotment shares |
| 2025-01-28 | SH01 | capital | capital allotment shares |
| 2024-11-05 | CH01 | officers | change person director company with change date |
| 2024-11-04 | AP01 | officers | appoint person director company with name date |
| 2024-10-25 | AP01 | officers | appoint person director company with name date |
| 2024-10-16 | SH01 | capital | capital allotment shares |
| 2024-09-30 | AA | accounts | accounts with accounts type full |
| 2024-08-07 | SH01 | capital | capital allotment shares |
| 2024-07-01 | AP03 | officers | appoint person secretary company with name date |
| 2024-07-01 | TM01 | officers | termination director company with name termination date |
| 2024-07-01 | TM02 | officers | termination secretary company with name termination date |
| 2024-05-15 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-05-15 | SH01 | capital | capital allotment shares |
| 2024-04-16 | SH01 | capital | capital allotment shares |
| 2024-01-11 | SH01 | capital | capital allotment shares |
Credit score
Altman Z″ (private-firm) · reference 2023-12-31
-9.46
DISTRESS
Altman Z″
- Working capital / Total assets 0.203 × 6.56 = +1.33
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -1.647 × 6.72 = -11.07
- Book equity / Total liabilities 0.262 × 1.05 = +0.27
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