Monese Ltd
Registered name: MONESE LTD
Part of Pockit Limited groupMonese Ltd made £12.2m revenue and a £16.1m loss in the year to 31 Dec 2024.
Monese Ltd’s revenue fell 18% to £12.2m in the year to 31 Dec 2024, with a loss of £16.1m and 138 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 13 yrs · since 2013
- 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.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Profit only | Profit only | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £14.9m | £12.2m |
| Cost of sales | — | — | £15.8m | £10.9m |
| Gross profit | — | — | −£931k | £1.3m |
| Operating profit | — | — | −£258k | −£15.9m |
| Profit before tax | — | — | −£426k | −£15.9m |
| Profit after tax | −£18m | −£30.4m | −£394k | −£16.1m |
| Profit (best available) | −£18m | −£30.4m | −£394k | −£16.1m |
| Staff costs | — | — | £8.8m | £4.6m |
| Employees (average) | 248 | 345 | 378 | 138 |
| Ratios | ||||
| Profit margin | — | — | −2.6% | −131.8% |
| Gross margin | — | — | −6.3% | 10.6% |
| Revenue per employee | — | — | £39.4k | £88.4k |
| Profit per employee | −£72.7k | −£88.1k | −£1k | −£117k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▼18% |
| Headcount growth | — | ▲39.1% | ▲9.6% | ▼63.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £5.7m | £12.7m | £4.1m | £6.2m |
| Net assets | −£3m | £8.6m | £9.1m | £5.2m |
| Fixed assets | £10.3m | £11.3m | £5.7m | £5.4m |
| Current assets | £9.5m | £29m | £40.5m | £14.8m |
| Debtors | £3.8m | £15.3m | £2.1m | £520k |
| Deferred income | £14.5m | £9.5m | £11.3m | £2.8m |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data May 2026 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- −131.8%
- Profit ÷ revenue.
- Gross margin
- 10.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £88.4k
- Revenue ÷ average employees.
- Profit per employee
- −£117k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 44.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 22.9%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4.3%
- 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
- ▼42%
- Now £5.2m
- Cash at bank
- ▲50%
- Now £6.2m
- Headcount
- ▼63%
- Now 138
- Deferred income
- ▼75%
- Now £2.8m
- Fixed assets
- ▼5%
- Now £5.4m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Pockit Limitedultimate parent75–100%
- Monese Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Monese Finance LtdRev. — · Profit −£908
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£16.1m), from the Companies House accounts bulk data published May 2026. 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.