Ace Money Transfer Limited
Registered name: ACE MONEY TRANSFER LIMITED
Ace Money Transfer Limited made £18m revenue and £2.1m profit in the year to 31 Dec 2024. read from filing text
Ace Money Transfer Limited’s revenue grew 21% to £18m in the year to 31 Dec 2024, with £2.1m profit and 341 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in Manchester; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Manchester, North West
- Age
- 24 yrs · since 2002
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £11.9m | £14.8m | £18m |
| Cost of sales | £4.2m | £5.7m | £7.1m |
| Gross profit | £7.7m | £9.2m | £10.8m |
| Operating profit | — | — | £2.8m |
| Profit before tax | £3.4m | £2.5m | £3m |
| Profit after tax | £2.8m | £2m | £2.1m |
| Profit (best available) | £2.8m | £2m | £2.1m |
| Staff costs | — | £1.8m | £2.5m |
| Employees (average) | 178 | 180 | 341 |
| Ratios | |||
| Profit margin | 23.2% | 13.2% | 12% |
| Gross margin | 65% | 61.9% | 60.3% |
| Revenue per employee | £66.8k | £82.4k | £52.7k |
| Profit per employee | £15.5k | £10.8k | £6.3k |
| Growth (year on year) | |||
| Revenue growth | — | ▲24.9% | ▲21.1% |
| Profit growth | — | ▼29.1% | ▲10.1% |
| Headcount growth | — | ▲1.1% | ▲89.4% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £15.7m | £10.6m | £16.5m |
| Net assets | £19m | £21.2m | £23.7m |
| Fixed assets | £3.9m | £5.4m | £7.3m |
| Current assets | £20.8m | £21.4m | £21.1m |
| Debtors | £4.6m | £9.5m | £5m |
| Deferred income | £501k | £764k | £447k |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 12%
- Profit ÷ revenue.
- Gross margin
- 60.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £52.7k
- Revenue ÷ average employees.
- Profit per employee
- £6.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 40.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 28.1%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲11%
- Now £23.7m
- Cash at bank
- ▲56%
- Now £16.5m
- Headcount
- ▲89%
- Now 341
- Deferred income
- ▼41%
- Now £447k
- Fixed assets
- ▲33%
- Now £7.3m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (2)
- Ace Union LimitedRev. £5.6k · Profit −£283k
- Ace Propvest Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £2.1m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.