MONESE LTD
Operating as an FCA-regulated electronic money institution, the company provides mobile-only digital current accounts, prepaid debit cards, and money transfer services to individuals and businesses.
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Cash
£6.2M
-12.4% vs 2023
Net assets
£5.2M
-47% first positive since 2021
Employees
138
-63.5% lowest in 4 filed years
Profit before tax
-£16M
-3,279.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
4-year trend · vs Financials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | £27,685,682 | £48,788,486 | £12,199,908 | -75% | |
| Operating profit | — | -£30,144,630 | £683,211 | -£15,947,061 | -2,434.1% | |
| Profit before tax | — | -£30,514,916 | £499,870 | -£15,891,885 | -3,279.2% | |
| Net profit | -£18,024,763 | -£30,515,065 | £705,319 | -£16,077,188 | -2,379.4% | |
| Cash | £5,695,806 | £15,550,272 | £7,035,365 | £6,160,547 | -12.4% | |
| Total assets less current liabilities | — | £18,052,322 | £16,535,533 | £5,864,095 | -64.5% | |
| Net assets | -£2,955,340 | £8,301,752 | £9,865,791 | £5,228,983 | -47% | |
| Equity | -£10,083,919 | £8,301,752 | £9,865,791 | £5,228,983 | -47% | |
| Average employees | 248 | 349 | 378 | 138 | -63.5% | |
| Wages | — | — | £6,376,553 | £3,032,699 | -52.4% | |
| Directors' remuneration | — | — | £569,901 | £221,269 | -61.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | -108.9% | 1.4% | -130.7% | |
| Net margin | — | -110.2% | 1.4% | -131.8% | |
| Return on capital employed | — | -167.0% | 4.1% | -271.9% | |
| Gearing (liabilities / total assets) | 114.9% | 74.7% | 67.3% | — | |
| Current ratio | 0.42x | 1.48x | 0.61x | 1.03x | |
| Interest cover | — | -81.36x | 3.33x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Pockit Group has successfully raised further equity and debt which will provide sufficient resources for Monese Ltd for at least twelve months from the date of approval of these financial statements the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- MONESE LTD · parent
- Monese Finance Ltd 100%
- Monese EU SA 100%
- Monese Credit Limited 100%
- Monese Europe OU 100%
Significant events
- “In 2023, XYB Ltd was established as a business-to-business banking platform. In April 2024, XYB Ltd separated from the Monese Group following a direct investment from existing and new shareholders, with Monese Ltd completing the sale of its entire shareholding in XYB Ltd. As a result, XYB ceased to be part of the Monese Group and became a standalone business focused on the enterprise market.”
- “The original direct to consumer business, Monese, was then formally acquired by Pockit on December 17th 2024.”
- “In March 2026 the company became party to a security agreement along with its parent Pockit Limited for a funding facility at Pockit Limited. The facility provides Monese with additional liquidity in addition to group support. As a result there is a fixed and floating charge over certain assets of the company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JATANIA, Virraj Bharatkumar | Director | 2024-12-17 | Mar 1988 | British |
| LE MAY, Malcolm | Director | 2024-12-17 | Jan 1958 | British |
| NEWTON-JONES, Mark | Director | 2024-12-17 | May 1967 | British |
| SHAFRANIK, Denis | Director | 2024-12-17 | Jun 1981 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AYLIEFF, Paul | Director | 2020-07-28 | 2021-08-12 |
| CHANG, Stephen You Wei | Director | 2023-09-21 | 2023-09-21 |
| CHOUDRIE, Atul | Director | 2022-02-28 | 2023-09-21 |
| DANESI, Franco | Director | 2018-09-05 | 2021-03-31 |
| ECONOMOU, Anastasios | Director | 2022-03-29 | 2024-12-17 |
| EXALL, Marcus William | Director | 2016-12-22 | 2019-09-10 |
| IVANOV, Stanislav | Director | 2016-12-22 | 2020-07-28 |
| KARAMANOS, George Sosei, Dr | Director | 2023-11-28 | 2024-12-17 |
| KOPPEL, Norris | Director | 2013-10-07 | 2024-12-17 |
| LE MOAL, Laurent | Director | 2017-11-20 | 2021-05-07 |
| LEVENE, Timothy Charles, Mr. | Director | 2021-04-30 | 2024-10-16 |
| LOCKHART, Harry Eugene | Director | 2024-12-17 | 2026-01-28 |
| MANOS, Vasiliki | Director | 2016-12-22 | 2018-09-05 |
| NORDBYE, Ola Reinhold | Director | 2021-04-08 | 2024-12-17 |
| SUBROYEN, Lyndon Lee | Director | 2021-04-30 | 2023-04-25 |
| VALLANCE, Michael, Mr. | Director | 2022-12-05 | 2024-03-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pockit Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-12-17 | Active |
| Kinnevik Ab (Publ) | Legal person | Shares 25–50%, Voting 25–50% | 2020-07-28 | Ceased 2022-09-02 |
| Mr Norris Koppel | Individual | Significant influence | 2016-04-06 | Ceased 2024-12-17 |
Filing timeline
Last 20 of 152 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-26 | AA | accounts | Accounts with accounts type full | |
| 2026-03-07 | SH01 | capital | Capital allotment shares | |
| 2026-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | SH01 | capital | Capital allotment shares | |
| 2025-12-08 | RP01SH01 | miscellaneous | Legacy | |
| 2025-10-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-05 | AA | accounts | Accounts with accounts type group | |
| 2025-06-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-15 | SH01 | capital | Capital allotment shares | |
| 2025-01-15 | SH08 | capital | Capital name of class of shares | |
| 2024-12-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 4
- Officers appointed
- 0
- Officers resigned
- 1
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.