TOQIO FINTECH LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-09 (in 3mo)
Last made up 2025-07-26
Watchouts
Cash
£253K
highest in 3 filed years
Net assets
-£210K
highest in 3 filed years
Employees
7
Average over period
Profit before tax
-£3M
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Toqio Fintech Limited are loss making, in a net liability position and not forecast to be profitable in the next 12 months. This has significantly impacted the going concern status of the company and a letter of support has been obtained, confirming the group will provide financial support for the foreseeable future. The group has opted to convert its debt into a capital contribution, strengthening its balance sheet position. Therefore, they consider it is appropriate to apply the going concern basis of accounting in preparing the financial statements.
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2025-03-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|
| Turnover | — | £1,236,621 | £1,578,024 | £1,329,210 | |
| Operating profit | — | -£2,472,229 | -£4,902,583 | -£3,288,257 | |
| Profit before tax | — | -£2,472,229 | -£4,902,583 | -£3,286,671 | |
| Net profit | — | -£2,192,275 | -£4,327,583 | -£3,285,662 | |
| Cash | — | £196,042 | £120,904 | £253,168 | |
| Total assets less current liabilities | — | -£2,788,871 | -£7,116,454 | -£209,753 | |
| Net assets | — | — | -£7,116,454 | -£209,753 | |
| Equity | -£596,596 | -£2,788,871 | -£7,116,454 | -£209,753 | |
| Average employees | — | 4 | 8 | 7 | |
| Wages | — | £1,247,290 | £1,296,530 | £542,940 | |
| Directors' remuneration | — | £86,140 | £203,333 | £330,600 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-01-01 | 2022-12-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|
| Operating margin | — | -199.9% | — | — | |
| Net margin | — | -177.3% | — | — | |
| Return on capital employed | — | 88.6% | 68.9% | 1567.7% | |
| Gearing (liabilities / total assets) | — | — | 763.8% | 117.5% | |
| Current ratio | — | — | 0.10x | 0.61x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- TOQIO FINTECH LIMITED 2020-03-05 → present
- LUM FINTECH LIMITED 2019-01-10 → 2020-03-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Toqio Fintech Limited are loss making, in a net liability position and not forecast to be profitable in the next 12 months. This has significantly impacted the going concern status of the company and a letter of support has been obtained, confirming the group will provide financial support for the foreseeable future. The group has opted to convert its debt into a capital contribution, strengthening its balance sheet position. Therefore, they consider it is appropriate to apply the going concern basis of accounting in preparing the financial statements.”
Group structure
- TOQIO FINTECH LIMITED · parent
- Toqio Fintech S.L. 100%
- Toqio Technologies S.L. 100%
Significant events
- “Looking forward, the company plans to focus on further developing its product and technology and enable the successful commercialisation of its software platform to larger. more established corporate clients - Primarily across the UK and the European Union.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GALVIN, Michael Patrick | Director | 2019-01-10 | Mar 1978 | Irish |
| MARTÍNEZ GARCÍA, Eduardo | Director | 2019-07-23 | Dec 1977 | Spanish |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NISTAL HERNANSAIZ, Jose Alberto | Director | 2019-07-23 | 2021-03-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Olivo Ventures Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-07-26 | Active |
| Mr Michael Patrick Galvin | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-10 | Ceased 2019-06-26 |
Filing timeline
Last 20 of 28 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-18 | AA | accounts | Accounts with accounts type full | |
| 2026-03-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-10 | AA | accounts | Accounts with accounts type full | |
| 2024-09-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-06 | AA01 | accounts | Change account reference date company current extended | |
| 2023-09-21 | AAMD | accounts | Accounts amended with accounts type small | |
| 2023-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-22 | AA | accounts | Accounts with accounts type small | |
| 2022-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-25 | AA | accounts | Accounts with accounts type small | |
| 2021-07-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-06-22 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-03-23 | TM01 | officers | Termination director company with name termination date | |
| 2020-07-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-07-16 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-07-03 | AA01 | accounts | Change account reference date company previous shortened | |
| 2020-03-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.