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:quality(60)/https://files-crowdcube-com.s3.amazonaws.com/cover_images/6069/201607/d464f08b17b32956e417f9796d8d9e0e.jpg "Revolut")
/https://files-crowdcube-com.s3.amazonaws.com/company_images/6069/201607/5700742ce576bc57f8f28754828161a1.jpg "Revolut")
Revolut was launched by ex-finance professionals in July 2015 to enable customers to manage and move around money in multi-currencies with ease. The idea came from a common frustration with exchange rate markups, inexplicable foreign transaction fees and the overall hassle of managing a bank account abroad.
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Financial data drawn from last filed accounts don't necessarily reflect current trading activity. Financials provided by Company Check.
Accounts
| 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|
| Turnover | - | £119.98k | £2.36m | £12.83m |
| Cash | £16.79k | £1.85m | £2.31m | £23.88m |
| Increase in Cash | - | £1.85m | £461.6k | £21.57m |
Profit & Loss
| 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|
| Audit Fees | - | £7.5k | £28k | £85k |
| Cost of Sales | - | £1.54m | £6.7m | £19.42m |
| Depreciation | £538 | £4.84k | £32.56k | £90.35k |
| Directors Emoluments | - | - | £35.71k | £109.38k |
| Dividends | - | - | - | - |
| Export | - | - | - | - |
| Gross Profit | - | £-1.42m | £-4.33m | £-6.59m |
| Interest Payments | - | £0 | £0 | £22.17k |
| Operating Profit | - | £-1.69m | £-7.12m | £-15.15m |
| Pretax Profit | - | £-1.69m | £-7.12m | £-15.12m |
| Profit after Tax | - | £-1.69m | £-6.99m | £-14.81m |
| Retained Profit | - | £-1.69m | £-6.99m | £-14.81m |
| Taxation | - | £0 | £127.95k | £303.01k |
| Turnover | - | £119.98k | £2.36m | £12.83m |
| Wages & Salaries | - | £294.24k | £1.51m | £3.61m |
Balance Sheet
| 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|
| Intangible Assets | £24.43k | £0 | £0 | £0 |
| Bank Loans & Overdrafts | £0 | £0 | £0 | £0 |
| Cash | £16.79k | £1.85m | £2.31m | £23.88m |
| Miscellaneous Current Assets | £0 | £0 | £0 | £70.72k |
| Miscellaneous Current Liabilities | £0 | £176.9k | £51.27k | £8.29m |
| Other Debtors | £0 | £249.69k | £1.27m | £29.15m |
| Other Long Term Finance | £0 | £0 | £0 | £0 |
| Other Short Term Finance | £0 | £0 | £0 | £0 |
| Stock | £0 | £0 | £420.77k | £591.68k |
| Tangible Accounts | £5.69k | £31.09k | £122.62k | £416.26k |
| Total Current Assets | £22.41k | £2.1m | £4.17m | £54.7m |
| Total Current Liabilities | £173.63k | £627.04k | £891.73k | £11.18m |
| Total Fixed Assets | £30.11k | £31.09k | £122.62k | £416.26k |
| Total Long Term Finance | £0 | £0 | £0 | £0 |
| Trade Creditors | £173.63k | £450.15k | £840.47k | £2.9m |
| Trade Debtors | £5.62k | £0 | £168.47k | £1.01m |
Capital & Reserves
| 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|
| Profit & Loss Account Reserve | £-121.11k | £-1.81m | £-8.8m | £-23.61m |
| Called up share capital | £1 | £2 | £2 | £3 |
| Revaluation Reserve | £0 | £0 | £0 | £0 |
| Shareholder Funds | £-121.11k | £1.5m | £3.4m | £43.93m |
| Sundry Reserves | £0 | £3.31m | £12.2m | £67.54m |
Cash
| 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|
| Increase in Cash | - | £1.85m | £461.6k | £21.57m |
| Net Cash Flow Before Financing | £0 | £-1.47m | £-8.42m | £-33.75m |
| Net Cash Flow From Financing | - | £3.31m | £8.88m | £55.32m |
| Net Cash Flow From Operations | - | £-1.44m | £-8.3m | £-33.33m |
Other Financials
| 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|
| Net Assets | £-121.11k | £1.5m | £3.4m | £43.93m |
| Net Worth | £-145.53k | £1.5m | £3.4m | £43.93m |
| Total Assets | £52.52k | £2.13m | £4.29m | £55.12m |
| Total Liabilities | £173.63k | £627.04k | £891.73k | £11.18m |
| Working Capital | £-151.22k | £1.47m | £3.28m | £43.51m |
Ratios
| 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|
| Creditor Days | 0% | 1.37k% | 129.46% | 82.16% |
| Current Debt Ratio | -1.43% | 0.41% | 0.26% | 0.25% |
| Current Ratio | 0.13% | 3.35% | 4.67% | 4.89% |
| Debtor Days | 0% | 0% | 25.95% | 28.58% |
| Equity In Percentage | -431% | 70.6% | 79.2% | 79.7% |
| Gearing | 0% | 0% | 0% | 0% |
| Liquidity Ratio Or Acid Test | 0.12% | 3.34% | 4.2% | 4.83% |
| Pre Tax Profit Margin | 0% | -1.41k% | -301.21% | -117.81% |
| Return On Capital Employed | 0% | -112.27% | -209.35% | -34.41% |
| Return On Net Assets Employed | 0% | -112.27% | -209.35% | -34.41% |
| Return On Total Assets Employed | 0% | -79.24% | -165.85% | -27.42% |
| Sales Or Net Working Capital | 0% | 0% | 0% | 0% |
| Stock Turnover Ratio | 0% | 0% | 17.8% | 4.61% |
| Total Debt Ratio | -1.43% | 0.41% | 0.26% | 0.25% |
