WORLDREMIT GROUP LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

• Turnover

  -11.6%

  £355,161,845 → £314,046,498

• Cash

  -22.5%

  £77,595,874 → £60,103,162

• Net assets

  +95.8%

  £175,151,379 → £342,976,751

• Employees

  -16.6%

  1,314 → 1,096

• Operating profit

  +123.1%

  -£22,949,839 → £5,307,618

• Profit before tax

  +62.5%

  -£68,251,476 → -£25,566,270

• Wages

  -27.9%

  £70,643,642 → £50,908,275

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

IFRS

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have assessed the appropriateness of preparing the Group and Company's financial statements on a going concern basis in consideration of the period up to and including Q3 2026. The directors believe the Group and the Company are well-positioned for sustainable profit growth in 2025 and beyond, and at 31 December 2024, the Group had cash and cash equivalents of $80.4m (2023: $103.8m). ... Based on the assessment outlined above, the directors confirm that while subject to inherent risks, the Group has sufficient liquidity to support its assessment as a going concern for the current reporting period.”

Group structure

1. WORLDREMIT GROUP LIMITED · parent
   1. WorldRemit Finance Limited 100% · UK · Holding company
   2. WorldRemit Holding Limited 100% · UK · Holding company
   3. WorldRemit Mexico, S.A. de C.V. 100% · Mexico · Money transfer
   4. WorldRemit LTD. 100% · UK · Money transfer
   5. WorldRemit Corp. 100% · USA · Money transfer
   6. WorldRemit Pty Ltd. 100% · Australia · Money transfer
   7. WorldRemit Inc 100% · Canada · Money transfer
   8. WorldRemit (Hong Kong) Ltd. 100% · Hong Kong · Money transfer
   9. WorldRemit (New Zealand) Ltd. 100% · New Zealand · Money transfer
   10. WorldRemit (Singapore) Pte Ltd. 100% · Singapore · Money transfer
   11. WorldRemit (Malaysia) SDN BHD. 100% · Malaysia · Money transfer
   12. WorldRemit South Africa Pty Ltd. 100% · South Africa · Money transfer
   13. WorldRemit (Somaliland) Ltd. 100% · Somaliland · Money transfer
   14. WorldRemit Service Company Limited 100% · UK · Business Services
   15. WorldRemit Money Transfer (Uganda) Ltd. 100% · Uganda · Money transfer
   16. WorldRemit (Rwanda) Ltd. 100% · Rwanda · Money transfer
   17. WorldRemit Money Transfer (Kenya) Ltd. 100% · Kenya · Money transfer
   18. WorldRemit (Zimbabwe) (Private) Ltd. 100% · Zimbabwe · Money transfer
   19. WorldRemit (Tanzania) Ltd. 100% · Tanzania · Money transfer
   20. WorldRemit Belgium S.A. 100% · Belgium · Money transfer
   21. WorldRemit West Inc 100% · Canada · Money transfer
   22. WorldRemit Central Inc 100% · Canada · Money transfer
   23. WorldRemit Digital Services Corp. 100% · Philippines · Money transfer
   24. Sendwave Canada Inc. 100% · Canada · Money transfer
   25. Sendwave SA 100% · Belgium · Money transfer
   26. Wave Transfer Limited 100% · UK · Money transfer
   27. Wave Transfer Limited (Liberia) 100% · Liberia · Money transfer
   28. Wave Transfer Limited (Ghana) 100% · Ghana · Money transfer
   29. WaveHigh IT Technology Limited 100% · Nigeria · Money transfer
   30. Sendwave Limited (Kenya) 100% · Kenya · Money Transfer
   31. Sendwave Costa Rica Sociedad de Responsabilidad Limitada 100% · Costa Rica · Money Transfer
   32. Sendwave Senegal SUARL 100% · Senegal · Money Transfer
   33. WorldRemit US Holdings Inc. 100% · USA · Holding company
   34. Zepz Technology Services Limited 100% · UK · Business Services

Significant events

• “During 2024, the Group completed a capital raise through the issuance of Series X preferred shares to existing and new investors for gross aggregate proceeds of $266.6m.”
• “During 2024, the Group changed its focus to prioritise sustainable growth, profitability and long-term financial resilience. This strategic shift centred on optimising the cost base, improving capital efficiency and investing in initiatives that strengthen both the operational efficiency and customer experience.”
• “As part of this change in the Groups strategy, costs were deliberately scaled back in selected areas of the business, through the streamlining and further consolidation of processes between the WorldRemit and Sendwave brands. This resulted in a headcount decrease from 1,172 to 1,014, reflecting the elimination of duplicated roles and improved process efficiency.”
• “A pivotal achievement as part of this process was the introduction of the US digital wallets, which offers a secure method for customers to store their funds within the United States. This feature is expected to be rolled out to other markets.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

12

last 12 months

Capital events

4

last 24 months

Officers appointed

3

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.