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Flutterwave Uk Limited

10593971

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)

Details

16 GREAT QUEEN STREET, LONDON, WC2B 5AH
Incorporated 01/02/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64999
Other financial service activities

Officers

Mr Olugbenga Agboola

director · Since 01/02/2017

SOFTWARE DEVELOPER

NIGERIAN · UNITED KINGDOM · Age 41

Mr Mobolaji Oyebola Bammeke

director · Since 09/09/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 41

Persons with Significant Control

Mr Olugbenga Agboola

Significant control

Nigerian · United Kingdom · Age 41

16, Great Queen Street, London, WC2B 5AH

Notified 18/08/2018

Former PSCs

Mr Olugbenga Agboola

Ceased 18/08/2018

CompanyRankvs 11457+ SIC 64999 peers
42

Financial strength44th percentile among SIC peers · 11/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.37× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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11457Flutterwave Uk Limited
52
How is this score calculated?
Financial strength11/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity9/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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

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 at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/12/2024

Turnover

£6.6M

Annual revenue

Net Worth

£1k

Balance sheet strength

Cash

£4.5M

Cash in the bank

Profit Before Tax

-£2.2M

Bottom line earnings

Net Current Assets

-£7.8M

Working capital

Current Assets

£4.5M

Current Liabilities

£12.4M

Fixed Assets

£6.6M

Debtors

£10k

Admin Expenses

£6.5M

Operating Profit

£142k

Profit After Tax

-£2.3M

31avg. employees+9

Tax at Year End

Corp tax£113k

Balance Sheet

Assets less current liabilities-£1.3M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.37
20230.63
20220.68
20210.09

Derived from filed accounts. Not audited figures.