MEMRISE, INC.
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Cash
£1M
-27.5% vs 2022
Net assets
-£3M
-253.2% vs 2022
Employees
41
-16.3% vs 2022
Profit before tax
-£1M
+67.6% vs 2022
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2023-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Turnover | £7,490,178 | £7,080,471 | |
| Operating profit | -£4,515,030 | -£1,598,140 | |
| Profit before tax | -£4,410,886 | -£1,430,016 | |
| Net profit | -£3,679,831 | -£1,430,016 | |
| Cash | £1,437,493 | £1,042,521 | |
| Total assets less current liabilities | — | — | |
| Net assets | -£785,933 | -£2,775,606 | |
| Equity | -£785,933 | -£2,775,606 | |
| Average employees | 49 | 41 | |
| Wages | £2,041,887 | £1,789,295 |
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 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating margin | -60.3% | -22.6% | |
| Net margin | -49.1% | -20.2% | |
| Gearing (liabilities / total assets) | 111.5% | 159.7% | |
| Current ratio | 0.77x | 0.43x | |
| Interest cover | -19.24x | -6.53x |
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
- US GAAP
- Reporting scope
- Consolidated group
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
Group structure
- MEMRISE, INC. · parent
- Memrise Limited 100%
Significant events
- “On 20 October 2023, Memrise Limited agreed to a sterling denominated short-term loan facility with Rocking Horse for £250,000, which, along with the accrued but unpaid interest, is included in the table above (Other loans - secured). The loan was secured against the assets of the business. The term was initially six months with an interest rate of 1.50% per month, accruing daily, along with an initial setup fee. In April 2024, the loan facility term was extended for an additional three months. The facility was satisfied via repayment of the principal and accrued interest on 30 July 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COOKE, Edward Arthur | Secretary | 2017-11-23 | — | — |
| BOHRMANN, Braden | Director | 2021-02-02 | Aug 1963 | American |
| COOKE, Edward Arthur | Director | 2017-11-23 | Dec 1981 | British |
| KING, Simon Paul, Dr | Director | 2019-04-12 | May 1984 | British |
| NARUSK, Kristina | Director | 2018-01-19 | Sep 1979 | Estonian |
| WHATELY, Benjamin William | Director | 2017-11-23 | Sep 1980 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EVANS, Mark | Director | 2017-11-23 | 2021-02-02 |
| LEVANDOV, Richard | Director | 2017-11-23 | 2021-02-02 |
| RABINOVICH, Eyal | Director | 2018-01-19 | 2019-04-12 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 32 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-02-13 | AA | accounts | Accounts with accounts type group | |
| 2024-02-12 | AA | accounts | Accounts with accounts type full | |
| 2023-10-20 | OSCH05 | officers | Change person secretary overseas company with change date | |
| 2023-10-19 | OSCH03 | officers | Change person director overseas company with change date | |
| 2023-10-19 | OSCH03 | officers | Change person director overseas company with change date | |
| 2023-10-19 | OSCH03 | officers | Change person director overseas company with change date | |
| 2023-10-19 | OSCH03 | officers | Change person director overseas company with change date | |
| 2023-10-19 | OSCH03 | officers | Change person director overseas company with change date | |
| 2023-10-19 | OSCH01 | other | Change company details by uk establishment overseas company | |
| 2023-10-04 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2023-05-23 | OSCH03 | officers | Change person director overseas company with change date | |
| 2023-05-23 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-05-23 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2023-02-15 | OSCH03 | officers | Change person director overseas company with change date | |
| 2023-02-15 | OSCH02 | other | Change company details overseas company with change details | |
| 2023-02-15 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2023-02-14 | OSCH05 | officers | Change person secretary overseas company with change date | |
| 2023-02-13 | AA | accounts | Accounts with accounts type full | |
| 2022-02-04 | AA | accounts | Accounts with accounts type full | |
| 2021-02-16 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
Year-on-year
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
-5.5%
£7,490,178 £7,080,471
-
Cash
-27.5%
£1,437,493 £1,042,521
-
Net assets
-253.2%
-£785,933 -£2,775,606
-
Employees
-16.3%
49 41
-
Operating profit
+64.6%
-£4,515,030 -£1,598,140
-
Profit before tax
+67.6%
-£4,410,886 -£1,430,016
-
Wages
-12.4%
£2,041,887 £1,789,295
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