Talkremit Ltd

Active10283207Other servicesIncorporated 18 Jul 2016 · London

Talkremit is a Fintech provider of digital remittance services offering peer to peer international payment services between private individuals both online and via agents using the Company’s in-house developed money transfer platform or mobile app. The primary focus of specialising in cross-border remittances is serving customers located in the UK, EEA and North America who want to make fast and cost-efficient money transfers to the EMEA and APAC. The Company was founded in 2016 and regulated by the UK Financial Conduct Authority (FCA) as an authorized electronic money institution (EMI) and payments service provider (PSP). The in-house developed platform is designed to help people all over the globe to send money to each other without excessive fees.

Revenue

£1.8m

▲ +33.8% vs prior ~12m period

Profit after tax

£386k

Margin 21.5%

Employees

2

– 0.0% vs prior ~12m period

Net assets

£1.2m

Total assets £6.6m

Financial history

Revenue by accounting period

6 periods available · ▲ growth ▼ decline

Oct 2018
Not available
Sept 2019
£695k
Sept 2020
£709k▲ +2.0%
Dec 2022
£1.3m
Dec 2023
£1.3m▼ -0.1%
Dec 2024
£1.8m▲ +33.8%
Period endRevenueGrowthProfit before taxEmployeesNet assets
31 Dec 2024£1.8m▲ +33.8%£386k2£1.2m
31 Dec 2023£1.3m▼ -0.1%£474k2£823k
31 Dec 2022£1.3m—£02£350k
30 Sept 2020£709k▲ +2.0%£02£350k
30 Sept 2019£695k—£02£350k
1 Oct 2018————£350k

Some periods are not about 12 months apart, usually because the company changed its year end or the register holds more than one set of accounts for a year. Growth is shown only against a prior period roughly 12 months earlier.

Latest available figures

Period ending 31 Dec 2024. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.

Profit & loss

Revenue
£1.8m
Gross profit
£786k
Operating profit
£386k
Profit before tax
£386k
Profit after tax
£386k

Balance sheet

Total assets
£6.6m
Cash
£973k
Total liabilities
£5.4m
Net assets
£1.2m
Revenue per employee
£899k

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