WORLDREMIT SERVICE COMPANY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-06 (in 10mo)
Last made up 2026-02-20
Watchouts
None on the register
Cash
£1M
+9.1% vs 2023
Net assets
£12M
+45.2% vs 2023
Employees
632
-12.2% vs 2023
Profit before tax
£3M
+3% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £88,600,000 | £56,100,000 | |
| Operating profit | £3,300,000 | £3,500,000 | |
| Profit before tax | £3,300,000 | £3,400,000 | |
| Net profit | £2,200,000 | £2,300,000 | |
| Cash | £1,100,000 | £1,200,000 | |
| Total assets less current liabilities | £8,400,000 | £12,500,000 | |
| Net assets | £8,400,000 | £12,200,000 | |
| Equity | £8,400,000 | £12,200,000 | |
| Average employees | 720 | 632 | |
| Wages | £28,000,000 | £17,700,000 | |
| Directors' remuneration | — | £3,400,000 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-36.7%
£88,600,000 £56,100,000
-
Cash
+9.1%
£1,100,000 £1,200,000
-
Net assets
+45.2%
£8,400,000 £12,200,000
-
Employees
-12.2%
720 632
-
Operating profit
+6.1%
£3,300,000 £3,500,000
-
Profit before tax
+3%
£3,300,000 £3,400,000
-
Wages
-36.8%
£28,000,000 £17,700,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 3.7% | 6.2% | |
| Net margin | 2.5% | 4.1% | |
| Return on capital employed | 39.3% | 28.0% | |
| Gearing (liabilities / total assets) | 81.9% | 72.4% | |
| Current ratio | 1.18x | 1.37x | |
| Interest cover | — | 35.00x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board believes that the Company is well placed both financially and operationally for the foreseeable future to be able to continue to provide critical services required to enable the Group to grow its market share.”
Group structure
- WORLDREMIT SERVICE COMPANY LIMITED · parent
- WorldRemit Money Transfer (Uganda) Ltd. 6.25%
- WorldRemit Mexico, S.A. de C.V. 1%
- WorldRemit (Tanzania) Ltd. 0.1%
- WorldRemit Belgium S.A. 0.07%
Significant events
- “During 2024, revenue decreased from £88.6m to £56.lm whilst profit after tax increased slightly to £2.3m. The movement reflects a broader Group-wide strategic focus on enhancing operational efficiency and optimizing costs. This strategic initiative involved a company-wide reduction in the workforce and the streamlining of processes.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROBINSON, Victoria | Secretary | 2024-04-03 | — | — |
| GOODYER, George Samuel | Director | 2024-07-12 | Dec 1976 | British |
| JUSTINE, Dinter | Director | 2022-02-28 | Apr 1972 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NANTON, Eppie | Secretary | 2023-09-08 | 2024-03-11 |
| OSMAN, Sami | Secretary | 2021-06-28 | 2022-07-15 |
| TIGHE, Amber Grace | Secretary | 2020-04-24 | 2021-05-05 |
| WHEATLEY, David John | Secretary | 2022-07-15 | 2023-09-08 |
| OHS SECRETARIES LIMITED | Corporate Secretary | 2018-02-06 | 2020-01-03 |
| AHMED, Ismail Ibrahim | Director | 2018-02-06 | 2019-05-30 |
| BALL, Michael David | Director | 2021-03-31 | 2022-02-28 |
| MECSER, Andras Viktor | Director | 2019-05-30 | 2021-03-31 |
| OYESANYA, Omolara | Director | 2022-02-28 | 2024-07-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Worldremit Ltd. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-02-06 | Active |
Filing timeline
Last 20 of 80 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-25 | CH03 | officers | Change person secretary company with change date | |
| 2026-02-25 | AD02 | address | Change sail address company with old address new address | |
| 2026-02-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-21 | AA | accounts | Accounts with accounts type full | |
| 2025-12-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-19 | AD02 | address | Change sail address company with old address new address | |
| 2025-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-12 | AA | accounts | Accounts with accounts type full | |
| 2024-12-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-08-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-07 | CH03 | officers | Change person secretary company with change date | |
| 2024-04-05 | CH03 | officers | Change person secretary company with change date | |
| 2024-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.