TALKREMIT GROUP HOLDINGS LTD

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

  +45.4%

  £5,641,577 → £8,201,921

• Cash

  +26.8%

  £1,873,625 → £2,375,020

• Net assets

  -29.4%

  -£15,773,481 → -£20,407,186

  lowest in 5 filed years

• Employees

  +28%

  25 → 32

  highest in 5 filed years

• Operating profit

  +13%

  -£5,392,212 → -£4,691,682

• Profit before tax

  +13%

  -£5,392,212 → -£4,691,531

• Wages

  -2.7%

  £1,480,668 → £1,441,125

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

TC Group

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing the Group's ability to continue as a going concern, the directors have considered the liquidity position and reviewed cash flow forecasts and projections covering the period to December 2026. They have reasonable expectation that the company has adequate financial resources to continue in operational existence for the foreseeable future. During the year, the Group made a loss of £4.63M (2023: £5.28M) and had net liabilities of £20.4M (2023: £15.8M) as at the balance sheet date. TR Technologies Limited entered a formal interest free lending facility with Dahabshiil Group Holdings Ltd ("Dahabshiil"), a related entity, with no specific repayment terms. The facility can be used to provide financing relating to expansion and capital expenditure. The Group is operating within the facility at the time of approval of the 2024 financial statements. The Group has the support of its ultimate controlling party and Dahabshiil, which has provided the majority of the group's funding to date. Dahabshiil Goup Holdings Ltd has confirmed in writing that it will not require repayment of the debt until the company has the resources to repay it and has confirmed in writing its ongoing support for a period of 12 months from the date the financial statements are signed. Since the year end the Group has continued to require support from Dahabshiil for investments in marketing and IT infrastructure development and received £1.7M after the reporting date. Based on the success of market growth and significantly increased transaction volumes, 2026 is expected to be financially break-even. As a result, the directors believe that the Group is well placed to manage its business risks successfully and meet its liabilities as they fall due. The Group therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. TALKREMIT GROUP HOLDINGS LTD · parent
   1. Talkremit Limited 100% · England & Wales
   2. TR Technologies Limited 100% · England & Wales
   3. Talkremit AB 100% · Sweden
   4. Talkremit Canada Inc 100% · Canada

Significant events

• “The Group has received a claim of £2.1 million arising from money transfer errors and fraud occurring both before and after the year-end. The amount relating to the period prior to the year-end is not material. The Group has submitted a claim to its insurers in respect of this matter. At the reporting date, the insurers have indicated that they do not consider the claim to be covered under the policy, on the basis that it arises from a technical or system error rather than a covered crime or fraud event, and have referred to exclusions relating to programming or system errors.”

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

0

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.