Tribe Payments Ltd
05959188
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
group
Next accounts due
30/09/2026
Confirmation statement
Last: 10/11/2025
Due 24/11/2026
Industry
Officers
Persons with Significant Control
Mr Wael Sulaiman Almaree
British · England · Age 40
37, Lombard Street, London, EC3V 9BQ
Notified 16/09/2024
Former PSCs
Mr Joergen Norman Iversen
Ceased 01/12/2016
Wn International Group Limited
Ceased 08/10/2018
Mr Vaghjiani Suresh
Ceased 04/12/2018
Fwd Distribution Network Ltd
Ceased 01/10/2022
Mr Wael Sulaiman Almaree
Ceased 16/09/2024
Woc Group International - Fzco
Ceased 16/09/2024
CompanyRankvs 13067+ SIC 62012 peers55
Show leaderboard
How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern We draw attention to note 1.2 in the financial statements, which indicates that the group continues to prepare accounts on a going concern basis despite a loss being incurred, and the ne
Key FinancialsYear ending 31/12/2024
Net Worth
-£10.4M
Balance sheet strength
Cash
£356k
Cash in the bank
Net Current Assets
£2.1M
Working capital
Current Assets
£3.4M
Current Liabilities
£1.3M
Fixed Assets
£15.0M
Debtors
£3.1M
Cost of Sales
£2.9M
Admin Expenses
£9.7M
Profit After Tax
-£5.1M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.58 | -£483k |
| 2023 | 1.98 | — |
Derived from filed accounts. Not audited figures.