JAJA FINANCE LTD

• ⚠

  Material uncertainty over going concern

  The Company is in the scale-up phase and has incurred losses since inception. It has been reliant historically on investment from its parent Company, Jaja Finance Holding (UK) Limited, to meet its short-term working capital and long-term capital needs as well as to meet its other obligations including FCA capital adequacy requirements. ... These conditions indicate the existence of a material uncertainty that may cast significant doubt on the company's ability 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

  +42.3%

  £8,226,459 → £11,708,554

• Cash

  -44.5%

  £23,324,555 → £12,948,309

• Net assets

  -66.1%

  £28,076,189 → £9,515,675

  lowest in 4 filed years

• Employees

  +6.6%

  166 → 177

  highest in 4 filed years

• Operating profit

  +16.5%

  -£33,273,128 → -£27,798,098

• Profit before tax

  +15.9%

  -£32,398,513 → -£27,248,926

• Wages

  +28.7%

  £10,871,011 → £13,986,006

  highest in 4 filed years

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. JAJA FINANCE LTD 2016-10-31 → present
2. FMB DEVELOPMENT LTD 2015-09-28 → 2016-10-31

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company is in the scale-up phase and has incurred losses since inception. It has been reliant historically on investment from its parent Company, Jaja Finance Holding (UK) Limited, to meet its short-term working capital and long-term capital needs as well as to meet its other obligations including FCA capital adequacy requirements. ... These conditions indicate the existence of a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “The Company prepared a voluntary disclosure to HMRC which was filed in May 2024 and agreed to pay the full VAT amount, with some interest but no penalties, due to the voluntary nature of the disclosure and the extensive professional advice sought. Management consulted HMRC whereby they agreed to allow settlement in two trances, £3.5m paid on 14 June 2024 and the remainder was paid on 14 July 2024.”

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

Filings

8

last 12 months

Capital events

3

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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