Truelayer Limited
10278251
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 19/02/2024
ADVISOR
BRITISH · UNITED KINGDOM · Age 53
Also on 3 other boards
director · Since 20/01/2025
CHIEF OPERATING OFFICER
BRITISH · ENGLAND · Age 43
Also on 2 other boards
director · Since 20/01/2025
CHIEF FINANCIAL OFFICER
BRITISH · ENGLAND · Age 36
secretary · Since 12/05/2025
Persons with Significant Control
Former PSCs
Luca Martinetti
Ceased 05/07/2018
Francesco Simoneschi
Ceased 05/07/2018
Charges3 outstanding
KREOS CAPITAL VII (UK) LIMITED
HSBC INNOVATION BANKING
GOLDMAN SACHS BANK USA
SILICON VALLEY BANK
CompanyRankvs 3590+ SIC 62090 peers65
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are de
Key FinancialsYear ending 31/12/2024
Net Worth
£19.4M
Balance sheet strength
Cash
£15.0M
Cash in the bank
Profit Before Tax
-£42.7M
Bottom line earnings
Net Current Assets
£16.1M
Working capital
Current Assets
£22.9M
Current Liabilities
£6.7M
Fixed Assets
£3.6M
Debtors
£7.9M
Admin Expenses
£57.7M
Profit After Tax
-£41.3M
Tax at Year End
People Costs(2021)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 3.39 | -£3.1M |
| 2023 | 3.42 | -£5.5M |
| 2022 | 5.61 | -£9.1M |
| 2021 | 2.66 | — |
Derived from filed accounts. Not audited figures.