CURVE UK LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ⚠

  Material uncertainty over going concern

  As a result of the above, the Directors recognise that the uncertainty regarding future fundraising requirements gives rise to the existence of a material uncertainty, which may cast significant doubt on the Company's ability to continue as a going concern. The financial statements of the Company do not reflect any adjustments that would be required if the Company were unable to continue as a going concern.

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

• Turnover

  -12.5%

  £44,955,000 → £39,356,000

• Cash

  -18.5%

  £17,400,000 → £14,179,000

• Net assets

  +9.1%

  £10,146,000 → £11,068,000

• Employees

  -34.1%

  279 → 184

• Operating profit

  +84.8%

  -£24,098,000 → -£3,662,000

• Profit before tax

  +85.2%

  -£24,187,000 → -£3,585,000

• Wages

  -38.7%

  £20,790,000 → £12,752,000

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

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.

1. CURVE UK LIMITED 2021-12-13 → present
2. CURVE OS LIMITED 2020-01-28 → 2021-12-13
3. CURVE 1 LIMITED 2015-04-02 → 2020-01-28

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As a result of the above, the Directors recognise that the uncertainty regarding future fundraising requirements gives rise to the existence of a material uncertainty, which may cast significant doubt on the Company's ability to continue as a going concern. The financial statements of the Company do not reflect any adjustments that would be required if the Company were unable to continue as a going concern.”

Group structure

1. CURVE UK LIMITED · parent
   1. Curve US, inc. 1% · Delaware
   2. Curve Credit Limited 1% · England
   3. Curve Greece 1% · Greece
   4. Curve Europe UAB 1% · Lithuania

Significant events

• “Between 23 May 2024 and 13 February 2025, Curve UK Limited issued 2,827,135 ordinary shares to Curve OS Holding Limited.”
• “On 8th July 2024, we temporarily paused our Curve Card offering in the US whilst in the process of appointing a new sponsor bank.”
• “Between 26 September 2024 and 27 February 2025, and pursuant to the Intercompany Convertible Revolving Credit Agreement, Curve UK elected to convert outstanding loans to the value of £0.8m into ordinary share capital of the Company. As a result, Curve Credit Limited issued 8,000,000 shares to Curve UK Limited with a nominal value of £0.0001 per share with an amount paid of £0.1 per share.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

13

last 12 months

Capital events

16

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.