VERTOFX LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-02 (in 9mo)
Last made up 2026-01-19
Watchouts
Cash
£36M
USD 48,054,375
highest in 6 filed years
Net assets
£6M
USD 8,435,475
highest in 6 filed years
Employees
139
highest in 6 filed years
Profit before tax
£5M
USD 6,069,583
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Outstanding charges registered
One or more mortgages or charges remain undischarged on the Companies House register.
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £7,490,856 | £22,530,869 | |
| Operating profit | — | — | — | — | £904,321 | £4,534,998 | |
| Profit before tax | — | — | — | — | £909,942 | £4,537,328 | |
| Net profit | — | — | — | — | £770,040 | £4,318,233 | |
| Cash | £890,702 | £408,714 | £876,227 | £918,178 | £12,425,184 | £35,923,133 | |
| Total assets less current liabilities | £1,078,844 | £700,716 | — | -£2,155,293 | £1,845,171 | £6,574,414 | |
| Net assets | -£340,575 | £602,359 | -£4,653 | -£2,416,741 | £1,845,171 | £6,305,954 | |
| Equity | -£340,575 | £602,359 | -£4,653 | — | £1,845,171 | £6,305,954 | |
| Average employees | 10 | 8 | 18 | 37 | 90 | 139 | |
| Wages | — | — | — | — | £3,879,313 | £9,315,720 | |
| Directors' remuneration | — | — | — | — | £190,842 | £351,566 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-09-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 12.1% | 20.1% | |
| Net margin | — | — | — | — | 10.3% | 19.2% | |
| Return on capital employed | — | — | — | — | 49.0% | 69.0% | |
| Gearing (liabilities / total assets) | — | — | — | — | 88.0% | 85.0% | |
| Current ratio | — | — | — | — | 0.99x | 1.11x |
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
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed the company's ability to continue as a going concern and believe that the company has adequate resources to meet its financial obligations for the foreseeable future, based on current trading conditions and ongoing financing arrangements. To their knowledge, there are no material event that could cast significant doubt on the company's ability to continue as a going concern.”
Group structure
- VERTOFX LTD · parent
- Locusnine Innovations Pvt. Ltd. 100%
- Verto Malta Holdings 100%
- Verto Malta 100%
- Verto Tanzania Limited 98%
Significant events
- “During the reporting period, the company experienced significant growth, underpinned by ongoing investment in technology, banking infrastructure, and geographical expansion (including the set up of new subsidiaries and branches during the year).”
- “During FY24, Verto launched several new products, including Atlas, Card, Pay-By-Link, and Marketplace, to expand its payment capabilities for both existing and new customers.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ODUWOLE, Olalekan | Director | 2017-09-20 | Jan 1987 | British |
| OYETAYO, Olakunle | Director | 2017-09-20 | Oct 1981 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Olalekan Oduwole | Individual | Shares 25–50%, ownership-of-shares-25-to-50-percent-as-firm, Voting 25–50%, voting-rights-25-to-50-percent-as-firm, Appoints directors, right-to-appoint-and-remove-directors-as-firm | 2019-09-30 | Ceased 2019-09-30 |
| Mr Olakunle Oyetayo | Individual | Shares 25–50%, ownership-of-shares-25-to-50-percent-as-firm, Voting 25–50%, voting-rights-25-to-50-percent-as-firm, Appoints directors, right-to-appoint-and-remove-directors-as-firm | 2019-09-30 | Ceased 2019-09-30 |
| Mr Olalekan Oduwole | Individual | Shares 25–50%, Appoints directors | 2017-09-20 | Ceased 2018-12-28 |
| Mr Olakunle Oyetayo | Individual | Shares 25–50%, Appoints directors | 2017-09-20 | Ceased 2018-12-28 |
Filing timeline
Last 20 of 45 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-07-25 RESOLUTIONS Resolution
- 2022-02-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-29 | CH01 | officers | Change person director company with change date | |
| 2026-01-29 | CH01 | officers | Change person director company with change date | |
| 2026-01-29 | CH01 | officers | Change person director company with change date | |
| 2025-09-02 | AA | accounts | Accounts with accounts type group | |
| 2025-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-24 | AA01 | accounts | Change account reference date company current extended | |
| 2024-02-02 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-01-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-25 | RESOLUTIONS | resolution | Resolution | |
| 2023-07-19 | AAMD | accounts | Accounts amended with accounts type total exemption full | |
| 2023-07-17 | SH01 | capital | Capital allotment shares | |
| 2023-01-31 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-09-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-02-11 | RESOLUTIONS | resolution | Resolution | |
| 2022-02-09 | SH01 | capital | Capital allotment shares | |
| 2022-01-24 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.