Wirex Holdings Limited
Registered name: WIREX HOLDINGS LIMITED
Wirex Holdings Limited made £429m revenue and a £2.6m loss in the year to 30 Jun 2024.
Wirex Holdings Limited’s revenue fell 14% to £429m in the year to 30 Jun 2024, with a loss of £2.6m. The company is classified under “financial intermediation not elsewhere classified” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 6 yrs · since 2019
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 30 Jun 2022 | 30 Jun 2023 | 30 Jun 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £544m | £500m | £429m |
| Cost of sales | −£525m | −£490m | −£412m |
| Gross profit | £19.1m | £10.2m | £17m |
| Operating profit | −£5.7m | −£5.3m | −£2.9m |
| Profit before tax | −£6.2m | −£4m | −£4m |
| Profit after tax | −£6.1m | −£4.7m | −£2.6m |
| Profit (best available) | −£6.1m | −£4.7m | −£2.6m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | −1.1% | −0.9% | −0.6% |
| Gross margin | 3.5% | 2% | 4% |
| Growth (year on year) | |||
| Revenue growth | — | ▼8.1% | ▼14.2% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data May 2024 | Accounts · bulk data May 2024 | Accounts · bulk data Jul 2025 |
How the business works
- Profit margin
- −0.6%
- Profit ÷ revenue.
- Gross margin
- 4%
- 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
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (3)
- Wirex LimitedRev. £18.1m · Profit −£997k
- Wirex International LimitedFigures not disclosed
- Wirex Labs LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Jun 2024 (profit −£2.6m), from the Companies House accounts bulk data published Jul 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.