Flutterwave UK Limited
Registered name: FLUTTERWAVE UK LIMITED
Flutterwave UK Limited made £6.6m revenue and a £2.3m loss in the year to 31 Dec 2024.
Flutterwave UK Limited’s revenue grew 21% to £6.6m in the year to 31 Dec 2024, with a loss of £2.3m and 31 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
- 9 yrs · since 2017
- 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 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £934k | £3.8m | £5.5m | £6.6m |
| Operating profit | £104k | £209k | £1.3m | £142k |
| Profit before tax | £58.6k | £528k | £832k | −£2.2m |
| Profit after tax | £47.5k | £427k | £485k | −£2.3m |
| Profit (best available) | £47.5k | £427k | £485k | −£2.3m |
| Employees (average) | 4 | 13 | 22 | 31 |
| Ratios | ||||
| Profit margin | 5.1% | 11.1% | 8.9% | −34.3% |
| Revenue per employee | £234k | £296k | £248k | £213k |
| Profit per employee | £11.9k | £32.9k | £22.1k | −£73.2k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲311.7% | ▲41.9% | ▲21.1% |
| Profit growth | — | ▲800.6% | ▲13.6% | ▼567.5% |
| Headcount growth | — | ▲225% | ▲69.2% | ▲40.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £605k | £23.6m | £14.9m | £4.5m |
| Net assets | £104k | £532k | £1m | −£1.3m |
| Fixed assets | £6.7m | £11.6m | £10.3m | £6.6m |
| Current assets | £613k | £23.9m | £15.7m | £4.5m |
| Debtors | £8.2k | £265k | £743k | £10.4k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- −34.3%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £213k
- Revenue ÷ average employees.
- Profit per employee
- −£73.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 99.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.2%
- 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
- ▼223%
- Now −£1.3m
- Cash at bank
- ▼70%
- Now £4.5m
- Headcount
- ▲41%
- Now 31
- Deferred income
- —
- Now —
- Fixed assets
- ▼36%
- Now £6.6m
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£2.3m), 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.