KUDA TECHNOLOGIES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-15 (in 3mo)
Last made up 2025-08-01
Watchouts
None on the register
Cash
£18M
USD 23,547,699
+341.4% vs 2023
Net assets
£14M
USD 19,163,019
+31.7% vs 2023
Employees
539
+18.2% highest in 4 filed years
Profit before tax
-£4M
USD -5,089,195
+85.5% vs 2023
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £16,157,783 | £13,713,401 | |
| Operating profit | — | -£342,937 | — | — | — | |
| Profit before tax | — | — | — | -£26,253,903 | -£3,804,437 | |
| Net profit | — | — | — | -£26,661,855 | -£4,364,972 | |
| Cash | — | £11,416 | £47,031,430 | £3,987,653 | £17,603,124 | |
| Total assets less current liabilities | — | — | — | £11,372,335 | £14,885,672 | |
| Net assets | — | — | — | £10,876,655 | £14,325,349 | |
| Equity | £0 | £7,106,144 | £64,980,462 | £10,876,655 | £14,325,349 | |
| Average employees | — | 4 | 17 | 456 | 539 | |
| Wages | — | £64,471 | £1,145,037 | £6,450,666 | £5,092,366 | |
| Directors' remuneration | — | £45,600 | £171,229 | £268,627 | £242,280 |
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 2023-12-31
-
Turnover
-15.1%
£16,157,783 £13,713,401
-
Cash
+341.4%
£3,987,653 £17,603,124
-
Net assets
+31.7%
£10,876,655 £14,325,349
-
Employees
+18.2%
456 539
highest in 4 filed years
-
Profit before tax
+85.5%
-£26,253,903 -£3,804,437
-
Wages
-21.1%
£6,450,666 £5,092,366
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Net margin | — | — | — | -165.0% | -31.8% | |
| Gearing (liabilities / total assets) | — | — | — | 88.4% | 84.7% | |
| Current ratio | — | — | — | 1.12x | 1.18x |
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.
Name history
Renamed 1 time since incorporation
- KUDA TECHNOLOGIES LIMITED 2019-06-21 → present
- KUDIMONEY LTD 2018-07-19 → 2019-06-21
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- KLSA LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.”
Group structure
- KUDA TECHNOLOGIES LIMITED · parent
- Kuda Microfinance Bank Limited 100%
- Kuda Nominees Limited 100%
- Kuda Retail Limited 100%
- Kuda Ghana Limited 70%
- Kuda Financial Services Limited 91%
- Kuda EMI Limited 100%
- Kuda Tanzania Limited 99%
- Kuda Technologies Canada Ltd 100%
Significant events
- “Kuda Microfinance Bank Limited, which represents 99% of the total Groups revenue, had significant increase in revenue in Naira terms from #10.9 billion in 2023 to #21.2 billion in 2024, but the Groups revenue decreased in terms of USD on account of devaluation of Naira.”
- “The average exchange rate moved from #652.50 per £1 in 2023 to #1,485.94 per £1 in 2024, which materially increased foreign currency translation costs and adversely impacted reported results.”
- “The Company reported a loss of USD.8,539,956 in the year compared to USD.40,304,070 in 2023. It is mainly driven by an increase in staff costs and IT costs. This operating.cost incurred in the early years paves the way for profitable growth to follow.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR WESSING SECRETARIES LIMITED | Corporate Secretary | 2020-08-12 | — | — |
| KOBULNIK, Reuben | Director | 2025-01-01 | Apr 1978 | American |
| MOROZOV, Valentin | Director | 2026-03-24 | Mar 1973 | Russian |
| MUSTAPHA, Mutairu Omotosho | Director | 2021-07-07 | Oct 1987 | Nigerian |
| OGUNDEYI, Babatunde | Director | 2018-07-19 | Oct 1977 | British |
| PRESSBURG, Daniel Peter | Director | 2025-01-01 | Feb 1982 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASWANI, Harkishin | Director | 2020-08-21 | 2021-02-24 |
| KULASINGAM, Rajendran | Director | 2020-06-29 | 2020-08-21 |
| MCCORMACK, Andrew John | Director | 2021-02-24 | 2025-01-01 |
| MEITERN, Ragnar | Director | 2020-06-26 | 2020-08-21 |
| SCHAEFER, Dr Ricardo | Director | 2020-08-21 | 2026-03-24 |
| VOGEL-CLAUSSEN, Christian | Director | 2020-06-27 | 2020-08-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Babatunde Ogundeyi | Individual | Shares 25–50%, Voting 25–50% | 2018-07-19 | Active |
Filing timeline
Last 20 of 58 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-13 RP04SH01 Legacy PDF
- 2024-08-09 MA Memorandum articles
- 2024-08-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-24 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-24 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-07 | AA | accounts | Accounts with accounts type group | |
| 2025-08-13 | RP04SH01 | change-of-name | Legacy | |
| 2025-08-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-29 | AA | accounts | Accounts with accounts type group | |
| 2025-01-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-14 | CH01 | officers | Change person director company with change date | |
| 2024-08-14 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-08-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-09 | MA | incorporation | Memorandum articles | |
| 2024-08-09 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-02 | SH01 | capital | Capital allotment shares | |
| 2024-06-03 | AA | accounts | Accounts with accounts type group | |
| 2023-12-04 | CH01 | officers | Change person director company with change date | |
| 2023-08-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-23 | AA | accounts | Accounts with accounts type full | |
| 2022-11-07 | RP04SH01 | capital | Second filing capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 1
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.