Finseta plc AIM:FIN
- Incorporated
- United Kingdom
- Chief executive
- James Hickman
- Employees
- 52
- Reports in
- GBP
- Companies House
- 08367949
Read straight from the annual reports
5.3p at close on 5 Oct 2026 · 7 reported years, 2019–2025
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GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
7 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Corporate client growth (UK and Dubai)
Revenue from corporate accounts rose 54% in 2025 and was 57% of total revenue (2024: 41%), with corporate growth largely offsetting weaker high-net-worth individual (HNWI) activity.
page 7UAE/Dubai expansion
DFSA Category 3D licence granted March 2025; local banking integrated with a UAE partner; headcount in Dubai increased from three to thirteen; Retail Endorsement obtained post year end. Dubai delivered significant growth during 2025.
page 7Mix shift toward corporate clients (lower gross margin, more recurring transactions)
Gross margin fell to 62.0% (2024: 65.7%) because corporate clients carry a lower margin than HNWI clients; management says corporate clients transact more regularly and provide greater revenue recurrence.
page 10Operating expense investment
Operating expenses rose to £8.9m (2024: £6.3m), reflecting investment in the UK sales team, Dubai, compliance and platform development; the report says this was intended to accelerate future growth.
page 10Customer acquisition has continued to grow in 2026, which positions us to increase revenue conversion in the coming periods; good traction with corporate customers, including larger corporates with more complex requirements.
page 917 April 2026: placing, subscription and open offer raising £0.9m before expenses, with 10,863,185 new shares issued at 8.5 pence each. Stated purposes: European expansion and additional liquidity.
page 66The Directors do not recommend the payment of a dividend for 2025. No dividend policy beyond this is stated.
page 30Unmodified opinion (true and fair view, prepared under UK-adopted IFRS and the Companies Act 2006), issued by HaysMac LLP on 3 June 2026. Going concern: cash flow forecasts run to 31 Dec 2028 with stress scenarios; the directors conclude there are sufficient resources. The auditor identified going concern as a key audit matter because cash at year end was below expectations and the group relies on the April 2026 fundraise. KAMs also covered revenue recognition (cut-off and occurrence) and the carrying value of goodwill and customer lists (£0.44m). Group materiality £189,000; no material uncertainty reported.
page 36- Regulatory: loss, withdrawal or amendment of FCA, FINTRAC or DFSA approvals could adversely affect the business; increased regulatory focus (consumer duty, CASS 15 safeguarding from 7 May 2026, operational resilience).p.12
- Macroeconomic: slowdown in international trade reduces FX turnover; HNWI activity affected by FX and tariffs.p.13
- Counterparty and liquidity provider dependence (Velocity Trade International); failure or termination could disrupt the business.p.13
- Competition from better-resourced rivals; risk of losing key staff.p.13
Read from C000471-AR-2025-ch.
6 annual reports read, FY2020 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (6)
FY2026Next report expected 22 May 2027