Snap Finance Limited
08080202
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Previously known as
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 13/03/2026
Due 27/03/2027
Industry
Officers
Former
director · Resigned 18/05/2017
director · Resigned 30/09/2024
Persons with Significant Control
Snap Finance Uk (Group) Limited
500, Avebury Boulevard, Milton Keynes, MK9 2BE
Reg: 10790251 · Companies House · Private Limited Company
Notified 14/09/2017
Former PSCs
Snap Finance Uk (Group) Limited
Ceased 24/03/2023
Charges0 outstanding
SNAP FINANCE HOLDINGS LLC (AS SECURITY TRUSTEE)
Change History
Private Limited Company
1 VINCENT AVENUE
MILTON KEYNES
Active
CompanyRankvs 235+ SIC 64921 peers54
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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
steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information. Going concern The directors have considered the company’s ability to continue as a going concern in light of ongoing macroeconomic challenges. The impact of inflationary pressures, elevated interest r
Key FinancialsYear ending 31/12/2024
Net Worth
-£7.3M
Balance sheet strength
Cash
£2.5M
Cash in the bank
Profit Before Tax
-£7.6M
Bottom line earnings
Net Current Assets
£35.6M
Working capital
Current Assets
£39.5M
Current Liabilities
£3.9M
Fixed Assets
£906k
Debtors
£19.2M
Cost of Sales
£9.1M
Admin Expenses
£10.0M
Profit After Tax
-£7.6M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 10.01 | -£8.0M |
| 2023 | 10.74 | -£3.8M |
| 2022 | 1.33 | +£18.5M |
| 2021 | 0.52 | — |
| 2018 | 9.70 | — |
Derived from filed accounts. Not audited figures.