EMBEDDED FINANCE LIMITED
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Next accounts due
2026-06-25 (in 1mo)
Last filed for 2024-03-31
Confirmation statement due
2026-03-14
Overdue
Watchouts
Cash
£16M
Latest balance sheet
Net assets
£18M
Equity attributable
Employees
130
Average over period
Profit before tax
-£6M
Period ending 2024-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-03-14.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
1-year trend · vs Consumer Discretionary median
Accounts
1-year trend · latest reflected 2024-03-31
| Metric | Trend | 2024-03-31 |
|---|---|---|
| Turnover | £20,812,999 | |
| Operating profit | -£12,584,940 | |
| Profit before tax | -£6,044,056 | |
| Net profit | -£6,065,195 | |
| Cash | £15,895,040 | |
| Total assets less current liabilities | £19,920,647 | |
| Net assets | £17,725,532 | |
| Equity | £17,725,532 | |
| Average employees | 130 | |
| Wages | £8,559,644 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 |
|---|---|---|
| Operating margin | -60.5% | |
| Net margin | -29.1% | |
| Return on capital employed | -63.2% | |
| Current ratio | 28.45x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BKL Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared using the going concern basis of accounting. Further details regarding the adoption of the going concern convention can be found in the accounting policy 2.3 in the Notes to the financial statements.”
Group structure
- EMBEDDED FINANCE LIMITED · parent
- Payrnet Limited 100%
- Railsbank Technology Sdn Bhd 100%
- Rails Technology sp zoo 100%
- UAB Techpay Innovations 100%
- Embedded Finance Europe 100%
- Railspay Sdn Bhd 100%
Significant events
- “In May 2024, the restrictions relating to the onboarding of new customers without FCA consent were modified, allowing the Group to onboard five new customers in a rolling four week period.”
- “In October 2024 the Company received circa $4m of funding from a number of existing equity investors.”
- “In December 2024 Equals Group PLC Board has recommended an all-cash offer from a consortium of investors including shareholders of the Company (including D Squared Capital and Moneta VC), TowerBrook and J.C. Flowers. The offer is subject to regulatory authorisations and shareholders' approval.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADLER, Dan | Director | 2023-03-01 | May 1985 | British |
| ALIOGLU, Tughan | Director | 2025-04-28 | Oct 1989 | British |
| HAMMOND, Philip | Director | 2024-03-11 | Dec 1955 | British |
| HAR NOY, Meirav | Director | 2023-10-18 | Jul 1974 | Israeli |
| KNOLL, Joseph | Director | 2025-04-28 | Oct 1978 | American |
| NADEEM, Shujaat, Dr | Director | 2025-04-28 | Aug 1965 | British |
| SIMCOX, James Lingard | Director | 2026-04-13 | Jan 1993 | British |
| SKIBNEVSKIY, Nikolay | Director | 2025-04-28 | Jun 1993 | Israeli |
| STRAFFORD-TAYLOR, Ian Alexander Irving | Director | 2026-04-01 | Oct 1960 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GAASH, Adoram | Director | 2023-03-16 | 2023-10-18 |
| MOREL, Philippe | Director | 2024-03-11 | 2025-11-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Alakazam Holdings Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-04-28 | Active |
| Dsq Quantum Baas Llp | Corporate entity | Voting 25–50% | 2024-04-23 | Ceased 2025-04-28 |
| D Squared Capital Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2023-03-01 | Ceased 2023-07-06 |
| Mr Dan Adler | Individual | Significant influence | 2023-03-01 | Ceased 2023-03-09 |
Filing timeline
Last 20 of 50 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-08 MA Memorandum articles
- 2026-01-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-25 | AA01 | accounts | Change account reference date company current shortened | |
| 2026-01-08 | MA | incorporation | Memorandum articles | |
| 2026-01-08 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-09 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-22 | SH01 | capital | Capital allotment shares | |
| 2025-01-06 | AA | accounts | Accounts with accounts type group | |
| 2024-07-08 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-07-08 | RP04SH01 | capital | Second filing capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 2
- Officers appointed
- 2
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
Latest filed period vs the prior one