NAVRO GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-14 (in 1mo)
Last made up 2025-05-31
Watchouts
None on the register
Cash
£9M
-52.9% vs 2023
Net assets
£9M
+14.4% vs 2023
Employees
64
+25.5% vs 2023
Profit before tax
-£11M
-10.4% vs 2023
Net assets
4-year trend · vs Financials median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-01-16 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £1,493 | £108,701 | |
| Operating profit | — | — | -£9,680,479 | -£10,951,114 | |
| Profit before tax | — | — | -£9,573,657 | -£10,572,392 | |
| Net profit | — | — | -£9,573,657 | -£10,170,198 | |
| Cash | — | — | £18,417,229 | £8,681,458 | |
| Total assets less current liabilities | — | — | £8,980,794 | £10,975,720 | |
| Net assets | — | — | £8,280,794 | £9,475,720 | |
| Equity | — | -£2,750,684 | £8,280,794 | £9,475,720 | |
| Average employees | — | — | 51 | 64 | |
| Wages | — | — | £2,731,467 | £3,862,457 | |
| Directors' remuneration | — | — | £300,825 | £435,699 |
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
+7,180.7%
£1,493 £108,701
-
Cash
-52.9%
£18,417,229 £8,681,458
-
Net assets
+14.4%
£8,280,794 £9,475,720
-
Employees
+25.5%
51 64
-
Operating profit
-13.1%
-£9,680,479 -£10,951,114
-
Profit before tax
-10.4%
-£9,573,657 -£10,572,392
-
Wages
+41.4%
£2,731,467 £3,862,457
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 | 2022-01-16 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Return on capital employed | — | — | -107.8% | -99.8% | |
| Gearing (liabilities / total assets) | — | — | 60.4% | 28.3% | |
| Current ratio | — | — | 1.59x | 4.28x | |
| Interest cover | — | — | -110.42x | -77.53x |
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
- NAVRO GROUP LIMITED 2024-01-12 → present
- PAYTRIX GROUP LIMITED 2022-01-17 → 2024-01-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis, which assumes that the Group will continue its operations for at least 12 months from the approval date of these financial statements.”
Group structure
- NAVRO GROUP LIMITED · parent
- Navro Holdings Limited 100%
- Navro Payments Limited 100%
- Navro Payments Europe Limited 100%
- Paytrix Payments Limited 100%
- Navro Payments USA LLC 100%
Significant events
- “In January 2024, the Company completed a Series A funding round, raising £11m, which was allocated for product development and international expansion.”
- “On 15 January 2024, the Company changed its name from Paytrix Group Limited to Navro Group Limited.”
- “In March 2025, the Company completed a $41m fundraise through a combination of equity and debt.”
- “Following the year-end, the Company also incorporated a subsidiary in Hong Kong and, through its U.S. subsidiary, obtained its first two Money Transmitter Licenses (MTLs).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALBRIGHT, Lars | Director | 2023-03-07 | Mar 1974 | American |
| BROWN, Aran Michael | Director | 2022-01-17 | Apr 1986 | British |
| COOKE, Jamie Robert | Director | 2023-06-05 | Jun 1981 | British |
| DAVIES, George Alexander | Director | 2023-06-20 | Dec 1984 | British |
| HARRISON, Edward Robert | Director | 2022-01-17 | Jul 1985 | British |
| HUTCHINS, Robert | Director | 2025-03-19 | Jul 1988 | American |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, George | Director | 2022-09-23 | 2023-03-07 |
| NIROUMAND, Ramin | Director | 2023-03-07 | 2023-05-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Aran Michael Brown | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2022-01-17 | Ceased 2023-03-07 |
| Mr Edward Robert Harrison | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2022-01-17 | Ceased 2023-03-07 |
Filing timeline
Last 20 of 48 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-27 MA Memorandum articles
- 2025-03-27 RESOLUTIONS Resolution
- 2024-01-12 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-20 | SH01 | capital | Capital allotment shares | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-07-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-29 | SH08 | capital | Capital name of class of shares | |
| 2025-05-29 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-04-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-31 | SH01 | capital | Capital allotment shares | |
| 2025-03-27 | MA | incorporation | Memorandum articles | |
| 2025-03-27 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-14 | AA | accounts | Accounts with accounts type group | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-12 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-01-11 | SH01 | capital | Capital allotment shares | |
| 2023-06-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-06-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-20 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-01 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 4
- 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.