WORLDREMIT LTD.
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-25 (in 11mo)
Last made up 2026-04-11
Watchouts
None on the register
Cash
£46M
-5.3% vs 2023
Net assets
£269M
+30.7% vs 2023
Employees
41
-63.7% vs 2023
Profit before tax
£60M
+502.7% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £220,400,000 | £219,600,000 | |
| Operating profit | -£25,400,000 | £32,600,000 | |
| Profit before tax | -£14,900,000 | £60,000,000 | |
| Net profit | -£14,900,000 | £57,000,000 | |
| Cash | £48,800,000 | £46,200,000 | |
| Total assets less current liabilities | £205,500,000 | £268,500,000 | |
| Net assets | £205,400,000 | £268,500,000 | |
| Equity | £205,400,000 | £268,500,000 | |
| Average employees | 113 | 41 | |
| Wages | £11,400,000 | £6,700,000 | |
| Directors' remuneration | £2,100,000 | £2,200,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-0.4%
£220,400,000 £219,600,000
-
Cash
-5.3%
£48,800,000 £46,200,000
-
Net assets
+30.7%
£205,400,000 £268,500,000
-
Employees
-63.7%
113 41
-
Operating profit
+228.3%
-£25,400,000 £32,600,000
-
Profit before tax
+502.7%
-£14,900,000 £60,000,000
-
Wages
-41.2%
£11,400,000 £6,700,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -11.5% | 14.8% | |
| Net margin | -6.8% | 26.0% | |
| Return on capital employed | -12.4% | 12.1% | |
| Gearing (liabilities / total assets) | 88.3% | 63.5% | |
| Current ratio | 1.13x | 1.56x | |
| Interest cover | -1.51x | 6.94x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- WORLDREMIT LTD. 2010-08-25 → present
- CLEAN REMITTANCES LTD 2009-12-22 → 2010-08-25
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the assessment outlined above, the Directors confirm that the Group has sufficient liquidity to support its status as a going concern for the current reporting period, despite inherent risks. Supported by the Company's strong net asset and cash positions, along with ongoing backing from its ultimate parent undertaking, the Directors consider it appropriate to prepare these financial statements on a going concern basis.”
Group structure
- WORLDREMIT LTD. · parent
- WorldRemit Pty Ltd. 100%
- WorldRemit Service Company Limited. 100%
- WorldRemit Inc 100%
- WorldRemit (Hong Kong) Ltd. 100%
- WorldRemit (New Zealand) Ltd. 100%
- WorldRemit (Singapore) Pte Ltd. 100%
- WorldRemit (Malaysia) SDN BHD. 100%
- WorldRemit South Africa Pty Ltd. 100%
- WorldRemit (Somaliland) Ltd. 100%
- WorldRemit Money Transfer (Uganda) Ltd. 100%
- WorldRemit (Rwanda) Ltd. 100%
- WorldRemit Money Transfer (Kenya) Ltd. 100%
- WorldRemit (Zimbabwe) (Private) Ltd. 100%
- WorldRemit (Tanzania) Ltd. 100%
- WorldRemit Belgium S.A. 100%
- WorldRemit West Inc 100%
- WorldRemit Central Inc 100%
- WorldRemit Digital Services Corp. 100%
Significant events
- “During 2024 revenue decreased from £220.4m to £219.6m. The Company made a profit of £57.0m in the year ended 31 December 2024 (2023: restated (£14.9m) loss), as a direct result of headcount reduction, foreign exchange gains, continued reduction in marketing costs and a new group-wide strategy focused on cost reduction, sustainable growth, profitability, and long-term financial stability.”
- “Implementation of an improved app chat service offering a swifter response time to customer queries. Changed transaction capture processes for WorldRemit resulting in fewer customer refunds being required. Ran 'Ask me Anything' sessions on a range of subjects with senior leaders to help engage employees. Offered engaging activities around celebrations for International Women's Day, Mental Health Week and Pride in addition to various cultural festivals. Engaged senior leadership team with global connect events to align strategy for the Group.”
- “Sendwave launched payout in Mexico, Jamaica, Pakistan and the Dominican Republic to further grow the brand across communities. From 1 January 2024, all network partner agreements were novated to the Company to fully align commercial relationships across the Group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROBINSON, Victoria | Secretary | 2024-04-03 | — | — |
| DINTER, Justine | Director | 2024-10-25 | Apr 1972 | British |
| DOYLE, Philip Charles | Director | 2022-02-28 | Apr 1980 | British |
| MORRIS, Jonathan Barrie | Director | 2024-06-30 | Oct 1975 | British |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NANTON, Eppie | Secretary | 2023-09-08 | 2024-03-11 |
| OSMAN, Sami | Secretary | 2021-06-28 | 2022-07-15 |
| TIGHE, Amber Grace | Secretary | 2020-04-24 | 2021-05-05 |
| WHEATLEY, David John | Secretary | 2022-07-15 | 2023-09-08 |
| WINES, Catherine Pierrette Francoise | Secretary | 2010-08-20 | 2017-07-27 |
| OHS SECRETARIES LIMITED | Corporate Secretary | 2017-07-27 | 2020-01-03 |
| ADDIS, Jonathan William | Director | 2012-02-01 | 2020-09-01 |
| AHMED, Ismail Ibrahim | Director | 2009-12-22 | 2020-09-01 |
| AHMED, Ismail | Director | 2009-12-22 | 2009-12-22 |
| BALL, Michael David | Director | 2021-09-06 | 2022-02-28 |
| CORCORAN, Breon Thomas | Director | 2022-02-28 | 2023-03-31 |
| CORCORAN, Breon Thomas | Director | 2018-11-20 | 2020-09-01 |
| DORAN, John Andrew | Director | 2018-07-05 | 2020-09-01 |
| HEYVAERT, Thibaut Pierre Baudouin Marie Ghislain | Director | 2023-06-08 | 2024-06-30 |
| IGOE, Richard Scott | Director | 2011-01-14 | 2014-02-20 |
| KRISHNAN, Sophie | Director | 2020-09-01 | 2021-03-31 |
| LANGDON, Stewart Michael | Director | 2019-02-06 | 2020-09-01 |
| LOCKE, John Kenneth | Director | 2019-07-22 | 2020-09-01 |
| MECSER, Andras Viktor | Director | 2020-09-01 | 2021-03-31 |
| MITCHELL, Robert Andrew | Director | 2023-03-31 | 2024-03-08 |
| MULLINS, John Walker | Director | 2013-05-16 | 2013-10-31 |
| NELIS, Hendrik Willem | Director | 2014-02-20 | 2020-09-01 |
| POPE, Darren Scott | Director | 2018-06-01 | 2018-07-23 |
| ROSENBERG, John Claster | Director | 2015-03-03 | 2018-07-05 |
| VALLIS, John Henry | Director | 2020-10-06 | 2022-02-28 |
| WINES, Catherine Pierrette Francoise | Director | 2011-11-01 | 2020-09-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Worldremit Holding Limited | Corporate entity | Shares 75–100% | 2020-06-02 | Active |
Filing timeline
Last 20 of 230 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-29 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-18 | AA | accounts | Accounts with accounts type full | |
| 2025-12-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-07 | RP01SH01 | miscellaneous | Legacy | |
| 2025-04-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-11 | AA | accounts | Accounts with accounts type full | |
| 2025-01-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-24 | SH01 | capital | Capital allotment shares | |
| 2024-12-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.