UK Companies House feature
VOLOPA FINANCIAL SERVICES (SCOTLAND) LIMITED
Cash
£314K
+2.8% vs 2020
Net assets
£1M
+126.4% vs 2020
Employees
14
+7.7% vs 2020
Profit before tax
-£1M
+16.3% vs 2020
Profile
- Company number
- SC399401
- Status
- Active
- Incorporation
- 2011-05-12
- Last accounts made up
- 2024-03-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Profit before tax
4-year trend · vs UK Fintech median
Accounts
4-year trend · latest 2021-03-31
| Metric | Trend | 2018-03-31 | 2019-03-31 | 2020-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £178,657 | £71,610 | |
| Operating profit | — | — | -£1,726,212 | -£1,444,472 | |
| Profit before tax | — | — | -£1,727,549 | -£1,445,122 | |
| Net profit | — | — | -£1,681,308 | -£1,266,129 | |
| Cash | — | — | £305,076 | £313,702 | |
| Total assets less current liabilities | — | — | -£5,366,937 | £1,415,768 | |
| Net assets | — | — | — | — | |
| Equity | -£2,152,475 | -£3,685,629 | -£5,366,937 | £1,415,768 | |
| Average employees | — | — | 13 | 14 | |
| Wages | — | — | £705,088 | £661,659 |
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
- Gerald Edelman LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements have been prepared on a going concern basis. The company has incurred a net loss of £3,550,790 during the year and at the balance sheet date, the company had net current asset of £1,149,809 (2023: £1,043,252) and overall net asset of £1,611,061 (2023: £1,400,851). The company relies on the continued financial support from its ultimate parent entity, Quantum Financial Holdings Limited (together the "Group"). The Group finances its operations through cash generated from trading and ongoing shareholder support. The directors have secured £10.1m of funding, comprising £2.1m contracted and awaiting completion and £8m pledged by an existing shareholder. A further £4.0m of additional funding has also been secured, of which £1.0m has been received, with the balance scheduled for payment in September and October 2025. While the Group does not currently hold sufficient cleared cash balances to support the company to remove a material uncertainty in respect of going concern, the directors have sufficient visibility over the committed funding pipeline to support the Group's operations and strategic plans. Accordingly, the directors have a reasonable expectation that the company will have adequate resources to continue trading, and the financial statements are prepared on a going concern basis. We draw attention to note 1.2 in the financial statements which indicates that a material uncertainty exists that may cast doubt on the company's ability to continue as a going concern.”
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 · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STANFORD SECRETARIES LIMITED | Corporate Secretary | 2025-09-01 | — | — |
| NEWMAN, Steven Paul | Director | 2024-09-16 | Nov 1962 | British |
| SMITH, Graham Roger | Director | 2015-11-12 | May 1959 | British |
| STRAUSS, Steven Michael | Director | 2017-02-24 | Jan 1960 | British |
| WOODROW, Floyd Matthew | Director | 2015-12-15 | Apr 1963 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOKE, Jamie Robert | Secretary | 2011-05-12 | 2011-12-16 |
| COSEC SERVICES LIMITED | Corporate Secretary | 2015-09-15 | 2025-08-31 |
| MACLAY MURRAY & SPENS LLP | Corporate Secretary | 2015-06-08 | 2015-09-15 |
| BAGSHAW, Murray Alexander | Director | 2017-04-20 | 2024-03-31 |
| COOKE, Jamie Robert | Director | 2011-05-12 | 2011-12-16 |
| DICKSON, Andrew Rodney Noel | Director | 2015-09-21 | 2020-10-16 |
| FITZGERALD, Sean Patrick | Director | 2024-03-31 | 2024-07-30 |
| FRANSSEN, Sven | Director | 2014-09-17 | 2015-09-14 |
| HORAN, John | Director | 2011-05-12 | 2011-10-04 |
| KHAN, Sakina | Director | 2015-11-12 | 2016-12-12 |
| MARTIN, Eddie John | Director | 2012-01-20 | 2014-09-17 |
| MILLS, Deborah Louise | Director | 2015-11-09 | 2018-09-22 |
| NEWALL, Graham Roger | Director | 2014-09-17 | 2017-01-23 |
| PATON, James | Director | 2012-01-20 | 2015-04-30 |
| RATTRAY, Craig Alexander | Director | 2013-09-24 | 2014-07-07 |
| STEPHEN, David John Alexander | Director | 2011-05-12 | 2014-05-27 |
| STEWART, Peter Gavin | Director | 2012-01-20 | 2017-02-02 |
| WISSEMA, Javor | Director | 2018-05-30 | 2021-09-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Volopa Holdings Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2017-12-13 | Active |
| Volopa Group Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-02-24 | Active |
Filing timeline
Last 20 of 172 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-22 | SH01 | capital | capital allotment shares |
| 2026-03-24 | AA01 | accounts | change account reference date company previous shortened |
| 2026-03-23 | SH01 | capital | capital allotment shares |
| 2026-02-18 | SH01 | capital | capital allotment shares |
| 2026-01-27 | SH01 | capital | capital allotment shares |
| 2025-12-12 | SH01 | capital | capital allotment shares |
| 2025-10-31 | SH01 | capital | capital allotment shares |
| 2025-10-21 | SH01 | capital | capital allotment shares |
| 2025-09-15 | AP04 | officers | appoint corporate secretary company with name date |
| 2025-09-10 | AA | accounts | accounts with accounts type full |
| 2025-09-08 | TM02 | officers | termination secretary company with name termination date |
| 2025-08-29 | SH01 | capital | capital allotment shares |
| 2025-08-07 | SH01 | capital | capital allotment shares |
| 2025-06-02 | SH01 | capital | capital allotment shares |
| 2025-05-20 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-05-05 | SH01 | capital | capital allotment shares |
| 2025-04-25 | SH01 | capital | capital allotment shares |
| 2025-04-04 | SH01 | capital | capital allotment shares |
| 2025-03-27 | AA01 | accounts | change account reference date company previous shortened |
| 2025-03-03 | SH01 | capital | capital allotment shares |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory