How much does Freedompay World Europe Limited make?

Freedompay World Europe Limited reported revenue of £14.3m and a loss of £2.3m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Freedompay World Europe Limited have?

Freedompay World Europe Limited reported an average of 37 employees in the year to 31 Dec 2024.

Is Freedompay World Europe Limited profitable?

No — Freedompay World Europe Limited reported a loss of £2.3m in the year to 31 Dec 2024.

Company No. 10588132 · Incorporated 27 Jan 2017

Freedompay World Europe Limited

Registered name: FREEDOMPAY WORLD EUROPE LIMITED

Freedompay World Europe Limited made £14.3m revenue and a £2.3m loss in the year to 31 Dec 2024.

Freedompay World Europe Limited’s revenue fell 29% to £14.3m in the year to 31 Dec 2024, with a loss of £2.3m and 37 employees. The company is classified under “business and domestic software development” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development SIC 80200Security systems service activities

Status: Active
Location: London, London
Age: 9 yrs · since 2017
Type: Private Limited Company

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. From the filing: “FreedomPay, Inc.,”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-lightCash flow filed

Revenue

£14.3m

Growth ▼29.3%

Profit

−£2.3m

Growth —

Profit margin

−16%

Gross 39.8%

Employees

Change ▲37%

Profit / employee

−£61.9k

Revenue/employee £386k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
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)	—	—	£20.2m	£14.3m
Cost of sales	—	—	£15.1m	£8.6m
Gross profit	—	—	£5.1m	£5.7m
Operating profit	—	—	−£2.5m	−£2.3m
Profit before tax	—	—	−£2.5m	−£2.3m
Profit after tax	−£2.3m	−£4.7m	−£2.1m	−£2.3m
Profit (best available)	−£2.3m	−£4.7m	−£2.1m	−£2.3m
Staff costs	—	—	£3.6m	£4.7m
Employees (average)	20	27	27	37
Ratios
Profit margin	—	—	−10.5%	−16%
Gross margin	—	—	25.3%	39.8%
Revenue per employee	—	—	£749k	£386k
Profit per employee	−£113k	−£174k	−£78.4k	−£61.9k
Growth (year on year)
Revenue growth	—	—	—	▼29.3%
Headcount growth	—	▲35%	0%	▲37%
Balance sheet — indirect signals, not revenue
Cash at bank	£225k	£166k	£126k	£743k
Net assets	−£3.2m	−£7.9m	−£969k	−£3.7m
Fixed assets	£105k	£153k	£144k	£95.8k
Current assets	£2.4m	£3.2m	£9.7m	£16m
Debtors	£1.5m	£2.7m	£5.7m	£5.2m
Deferred income	£325k	£952k	£1.5m	£1.1m
Cash from operations	—	—	−£5.7m	−£6.9m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: −16%; Profit ÷ revenue.
Gross margin: 39.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £386k; Revenue ÷ average employees.
Profit per employee: −£61.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 7.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 36.7%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: —; Now −£3.7m
Cash at bank: ▲491%; Now £743k
Headcount: ▲37%; Now 37
Deferred income: ▼26%; Now £1.1m
Fixed assets: ▼33%; Now £95.8k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£2.3m), from the Companies House accounts bulk data published Oct 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.