How much does Palmpay (UK) Limited make?

Palmpay (UK) Limited reported revenue of £489k and a loss of £21.3m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Palmpay (UK) Limited have?

Palmpay (UK) Limited reported an average of 0 employees in the year to 31 Dec 2025.

Is Palmpay (UK) Limited profitable?

No — Palmpay (UK) Limited reported a loss of £21.3m in the year to 31 Dec 2025.

Company No. 11099155 · Incorporated 6 Dec 2017

Palmpay (UK) Limited

Registered name: PALMPAY (UK) LIMITED

Palmpay (UK) Limited made £489k revenue and a £21.3m loss in the year to 31 Dec 2025.

Palmpay (UK) Limited’s revenue fell 9% to £489k in the year to 31 Dec 2025, with a loss of £21.3m and 0 employees. The company is classified under “information technology consultancy activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62020Information technology consultancy activities

Status: Active
Location: London, London
Age: 8 yrs · since 2017
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentSmall team

Revenue

£489k

Growth ▼9.1%

Profit

−£21.3m

Growth ▼99792%

Profit margin

−4361%

Employees

Change ▼100%

Profit / employee

—

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£0	£539k	£489k
Operating profit	−£635k	−£111k	−£17.8m
Profit before tax	−£2.8m	£21.4k	−£21.3m
Profit after tax	−£2.8m	£21.4k	−£21.3m
Profit (best available)	−£2.8m	£21.4k	−£21.3m
Employees (average)	2	3	0
Ratios
Profit margin	—	4%	−4361%
Revenue per employee	£0	£180k	—
Profit per employee	−£1.4m	£7.1k	—
Growth (year on year)
Revenue growth	—	—	▼9.1%
Profit growth	—	—	▼99792%
Headcount growth	—	▲50%	▼100%
Balance sheet — indirect signals, not revenue
Cash at bank	£28.5k	£828k	£1.5m
Net assets	£33.2m	£33.2m	£11.9m
Current assets	£13.4m	£13.1m	£9.4m
Debtors	£13.1m	£12m	£4.2m
Source	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −4361%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 860.2%; 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: ▼64%; Now £11.9m
Cash at bank: ▲76%; Now £1.5m
Headcount: ▼100%; Now 0
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Minority corporate shareholders

Transsion Technology Limited (registered outside the UK register) 25–50%

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£21.3m), from the Companies House accounts bulk data published Sep 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.