FREETRADE LIMITED
Operating as a standalone brand under the ownership of IG Group, the company provides a mobile fintech platform that allows retail investors to trade equities, exchange-traded funds, and government bonds.
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Cash
£17M
-12.1% lowest in 3 filed years
Net assets
£22M
-9.5% lowest in 3 filed years
Employees
98
+5.4% vs 2024
Profit before tax
-£24M
-259.5% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £25,260,000 | £28,142,000 | £30,956,000 | +10% | |
| Operating profit | -£24,429,000 | -£7,648,000 | -£25,114,000 | -228.4% | |
| Profit before tax | -£23,680,000 | -£6,799,000 | -£24,441,000 | -259.5% | |
| Net profit | -£23,006,000 | -£6,540,000 | -£22,139,000 | -238.5% | |
| Cash | £19,726,000 | £19,123,000 | £16,812,000 | -12.1% | |
| Total assets less current liabilities | £24,068,000 | £23,653,000 | — | — | |
| Net assets | £24,068,000 | £24,397,000 | £22,075,000 | -9.5% | |
| Equity | £24,068,000 | £24,397,000 | £22,075,000 | -9.5% | |
| Average employees | 154 | 93 | 98 | +5.4% | |
| Wages | £15,883,000 | £8,645,000 | £10,568,000 | +22.2% | |
| Directors' remuneration | £6,047,000 | £188,000 | £2,291,000 | +1,118.6% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -96.7% | -27.2% | -81.1% | |
| Net margin | -91.1% | -23.2% | -71.5% | |
| Return on capital employed | -101.5% | -32.3% | — | |
| Current ratio | 5.25x | 5.37x | 3.17x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared the financial statements on a going concern basis with a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of approval. They confirm it is appropriate to adopt the going concern basis.”
Group structure
- FREETRADE LIMITED · parent
- Freetrade Nominees Limited 100%
- Freetrade Core Limited 100%
- Freetrade Europa AB 100%
Significant events
- “In the year to 31 December 2025, trading volumes strengthened compared with the previous year, with £7.7 billion in the 12 months to 31 December 2025 of executed trade orders placed by Freetrade customers on the platform, higher than the £4.9 billion in the 12 months to 31 December 2024.”
- “The financial position of the Company has significantly strengthened following the acquisition by Market Data Limited on 1 April 2025. The Company is a wholly owned subsidiary of Market Data Limited and its ultimate parent company is IG Group Holdings plc.”
- “Notable developments in 2025 included: new tradeable instruments requiring development of the platform to support, such as GILTs and crypto ETNs, a rebrand of the mobile app, delivery of consolidated tax certificates and pre-market trading on US equities.”
- “Over the coming year Freetrade will focus on accelerating its growth in Assets under Administration and expanding its product offering with the launch of the JISA in April 2026.”
- “Subsequent to the balance sheet date, on 5 February 2026, the Company received a capital contribution of £6.5 million from its immediate parent undertaking, Market Data Limited. In connection with this transaction, the Company undertook a consolidation of its share capital, resulting in a reorganisation of its share classes into solely ordinary shares.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ABRAHAMS, Clifford James | Director | 2025-07-01 | Feb 1967 | British |
| HEALY, Michael David | Director | 2026-02-13 | Jun 1988 | Irish |
| ZHAO, Jenny Yi | Director | 2026-05-29 | Feb 1987 | British,New Zealander |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DODDS, Naoko, Mrs. | Secretary | 2015-12-05 | 2016-01-31 |
| MCWHIR, Calum | Secretary | 2018-01-19 | 2018-12-13 |
| TEDMAN, Daniel | Secretary | 2019-02-11 | 2023-04-05 |
| VERRECCHIA, Philippa Daisy | Secretary | 2023-04-06 | 2025-09-11 |
| GROUPSHIP CONSULTING LIMITED | Corporate Secretary | 2016-02-01 | 2017-09-30 |
| BAINES, John Duncan | Director | 2022-12-14 | 2025-04-01 |
| BLACHER, Perry Rael | Director | 2020-06-08 | 2025-04-01 |
| BROOKING, Paul James | Director | 2023-02-23 | 2025-04-08 |
| CHAPMAN, Stuart Malcolm | Director | 2022-08-24 | 2025-04-01 |
| DODDS, Adam | Director | 2015-09-28 | 2024-07-08 |
| FIORANELLI, Davide | Director | 2025-01-02 | 2025-04-01 |
| FIORANELLI, Davide | Director | 2015-12-05 | 2021-03-22 |
| MILLER, Harley Samuel | Director | 2022-01-28 | 2025-04-01 |
| MOHAMED, Andre | Director | 2016-03-22 | 2018-09-17 |
| NEBEHAJ, Viktor | Director | 2018-10-03 | 2026-05-19 |
| O'SHEA, Laura-Jane | Director | 2025-08-11 | 2025-12-31 |
| TURNER, William James | Director | 2021-03-22 | 2021-11-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Market Data Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-04-01 | Active |
| Mr Adam Dodds | Individual | Voting 25–50% | 2016-04-06 | Ceased 2022-12-21 |
| Mr Davide Fioranelli | Individual | Shares 25–50% | 2016-04-06 | Ceased 2019-08-09 |
| Mr Andre Mohamed | Individual | Significant influence | 2016-04-06 | Ceased 2018-09-17 |
Filing timeline
Last 20 of 171 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-14 RESOLUTIONS Resolution
- 2026-02-14 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-29 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-10 | AA | accounts | Accounts with accounts type full | |
| 2026-04-16 | SH01 | capital | Capital allotment shares | |
| 2026-04-16 | SH02 | capital | Capital alter shares consolidation | |
| 2026-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-23 | SH01 | capital | Capital allotment shares | |
| 2026-02-14 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-14 | MA | incorporation | Memorandum articles | |
| 2026-02-14 | SH10 | capital | Capital variation of rights attached to shares | |
| 2026-02-14 | SH08 | capital | Capital name of class of shares | |
| 2026-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-30 | CS01 | confirmation-statement | Confirmation statement | |
| 2025-10-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-29 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-09-18 | AA | accounts | Accounts with accounts type group | |
| 2025-09-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-28 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 19
- Capital events
- 6
- Officers appointed
- 3
- Officers resigned
- 3
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.