MONZO BANK LIMITED
Company Details
Incorporated
18 Feb 2015
Registered address
Broadwalk House, London, EC2A 2AG
Active officers
5
SIC codes
Officers
MCCULLAGH, Paul
Secretary
ARROYO, Delfin Rueda
Director
BURBIDGE, Eileen
Director
DIAS, Valerie Michelle
Director
AI Risk Report
Executive Summary
MONZO BANK LIMITED reported strong revenue growth of 38% year-on-year, reaching £179m for the year ended March 2024. Pre-tax losses narrowed significantly to £50m, reflecting improving operational leverage. Net assets stand at £25m with cash of £20m, supported by a £20m shareholder loan facility providing runway through September 2027.
⚠ Red Flags
- Cumulative P&L deficit of £251m
- Going concern dependency on shareholder support
- Net assets declined 62% year-on-year
- Cash burn of £19m in the period
✓ Positive Signals
- Revenue growth of 38% YoY to £179m
- Gross margin maintained at 77%
- Operating loss narrowed by 18%
- Shareholder facility secured to 2027
Recommended Credit Limit
£25,000 – £50,000
Based on net assets, cash position, and going concern status
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FilingTrace / Companies / MONZO BANK LIMITED