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Chip's mission is to build the best saving & investments account in the world. With 250,000 savers, deposits up 110% this year, full FCA authorisation achieved in March, launch of FSCS market-leading rates, and investment funds coming soon Chip is now raising its biggest investment round to date.

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Financial data drawn from last filed accounts don't necessarily reflect current trading activity. Financials provided by Company Check.

Accounts

2017 2018 2019 2020
Turnover - - - £196.6k
Cash £18 £330.99k £2.17m £10.36m
Increase in Cash - - - £7.36m

Profit & Loss

2017 2018 2019 2020
Audit Fees £0 £0 £0 £7.95k
Cost of Sales - - - £1.34m
Depreciation £72 £485 £3.69k £42.94k
Directors Emoluments - - - £98.06k
Dividends - - - -
Export - - - £0
Gross Profit - - - £-1.14m
Interest Payments - - - £227.1k
Operating Profit - - - £-7.74m
Pretax Profit - - - £-7.96m
Profit after Tax - - - £-6.47m
Retained Profit - - - £-6.47m
Taxation - - - £1.49m
Turnover - - - £196.6k
Wages & Salaries - - - £3.32m

Balance Sheet

2017 2018 2019 2020
Intangible Assets £0 £0 £0 £0
Bank Loans & Overdrafts £27 £0 £0 £0
Cash £18 £330.99k £2.17m £10.36m
Miscellaneous Current Assets £0 £0 £0 £0
Miscellaneous Current Liabilities £85.14k £303.55k £530.98k £678.15k
Other Debtors £62.03k £341.64k £81.53k £1.44m
Other Long Term Finance £0 £0 £0 £11.4m
Other Short Term Finance £0 £0 £1 £0
Stock £0 £0 £0 £0
Tangible Accounts £998 £4.78k £37.06k £130.19k
Total Current Assets £62.05k £672.63k £2.25m £11.8m
Total Current Liabilities £120.8k £463.7k £733.98k £774.02k
Total Fixed Assets £998 £4.78k £37.06k £130.19k
Total Long Term Finance £0 £0 £0 £11.4m
Trade Creditors £35.63k £160.15k £203k £95.87k
Trade Debtors £0 £0 £0 £8.06k

Capital & Reserves

2017 2018 2019 2020
Profit & Loss Account Reserve £-195.41k £-1.02m £-3.75m £-13.38m
Called up share capital £68.83k £2 £3 £3
Revaluation Reserve £0 £0 £0 £0
Shareholder Funds £-57.75k £213.71k £1.55m £-239.72k
Sundry Reserves £68.83k £1.23m £5.3m £13.14m

Cash

2017 2018 2019 2020
Increase in Cash - - - £7.36m
Net Cash Flow Before Financing £0 £0 £0 £-6.75m
Net Cash Flow From Financing - - - £14.11m
Net Cash Flow From Operations - - - £-5.84m

Other Financials

2017 2018 2019 2020
Net Assets £-57.75k £213.71k £1.55m £-239.72k
Net Worth £-57.75k £213.71k £1.55m £-239.72k
Total Assets £63.05k £677.41k £2.29m £11.93m
Total Liabilities £120.8k £463.7k £733.98k £12.17m
Working Capital £-58.75k £208.94k £1.52m £11.03m

Ratios

2017 2018 2019 2020
Creditor Days 0% 0% 0% 177.49%
Current Debt Ratio -2.09% 2.16% 0.47% -3.22%
Current Ratio 0.51% 1.45% 3.07% 15.25%
Debtor Days 0% 0% 0% 14.91%
Equity In Percentage -91.6% 31.5% 67.9% -2%
Gearing 0% 0% 0% -4.76k%
Liquidity Ratio Or Acid Test 0.51% 1.45% 3.06% 15.25%
Pre Tax Profit Margin 0% 0% 0% -4.05k%
Return On Capital Employed 0% 0% 0% -71.36%
Return On Net Assets Employed 0% 0% 0% 3.32k%
Return On Total Assets Employed 0% 0% 0% -66.73%
Sales Or Net Working Capital 0% 0% 0% 0%
Stock Turnover Ratio 0% 0% 0% 0%
Total Debt Ratio -2.09% 2.16% 0.47% -50.78%