Chip Financial Group Ltd
Financial intermediation not elsewhere classified · London
ActiveUnited KingdomIncorporated 2016Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Group accounts
Net assets
£20,586,049
Cash
£14,477,578
Turnover
£29,798,764
Profit / loss
−£2,761,468
Current assets
£24,054,786
Creditors < 1 year
−£3,724,303
Equity
£20,586,049
Average employees
176
Balance-sheet trend
GBP · consolidatedFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3112 months · Group · AI-read | 2024-12-31Group · AI-read | 2022-12-3112 months | 2021-12-3112 months | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|
| Balance sheet | ||||||
| Net assets | £20,586,049 | £8,278,989 | — | — | — | — |
| Equity | £20,586,049 | £8,278,989 | £3,949,061 | £10,461,947 | −£239,715 | £2,985,647 |
| Share capital | £8 | £7 | — | — | — | — |
| Retained earnings | −£44,288,048 | −£41,526,580 | — | — | — | — |
| Assets | ||||||
| Fixed assets | £255,566 | £233,084 | — | — | — | — |
| Property, plant & equipment | £255,566 | £233,084 | £140,856 | £153,577 | — | — |
| Current assets | £24,054,786 | £11,424,102 | £9,287,391 | £12,966,472 | — | — |
| Cash at bank | £14,477,578 | £8,080,182 | £6,839,170 | £10,635,109 | — | — |
| Debtors | £9,577,208 | £3,343,920 | £2,448,221 | £2,331,363 | — | — |
| Liabilities | ||||||
| Creditors within one year | −£3,724,303 | −£3,378,197 | — | — | — | — |
| Net current assets | £20,330,483 | £8,045,905 | £3,808,205 | £10,308,370 | — | — |
| Assets less current liabilities | — | — | £3,949,061 | £10,461,947 | — | — |
| Profit & loss | ||||||
| Turnover | £29,798,764 | £23,822,947 | £1,678,830 | £1,561,775 | — | — |
| Cost of sales | −£2,752,997 | −£2,472,707 | — | — | — | — |
| Gross profit | £27,045,767 | £21,350,240 | £391,961 | −£2,227,150 | — | — |
| Administrative expenses | −£29,067,769 | −£22,067,969 | — | — | — | — |
| Operating profit | −£3,502,461 | −£1,533,923 | −£15,007,831 | −£14,181,745 | — | — |
| Interest receivable | £249,321 | £318,656 | — | — | — | — |
| Interest payable | −£185 | — | — | — | — | — |
| Profit before tax | −£3,253,325 | −£1,215,267 | −£15,000,596 | −£14,325,230 | — | — |
| Tax | £491,857 | £511,997 | — | — | — | — |
| Profit / loss | −£2,761,468 | −£703,270 | −£13,201,320 | −£12,637,843 | — | — |
| Operating costs | ||||||
| Depreciation | £122,321 | £100,106 | — | — | — | — |
| Operating lease charges | £750,252 | £671,558 | — | — | — | — |
| Audit fees | £50,250 | £46,950 | — | — | — | — |
| Cash flow | ||||||
| Cash from operations | −£7,727,377 | −£341,768 | — | — | — | — |
| Capital expenditure | £145,595 | £180,453 | — | — | — | — |
| People & pay | ||||||
| Average employees | 176 | 150 | 119 | 101 | — | — |
| Staff costs | £13,263,857 | £11,413,210 | — | — | — | — |
| Wages & salaries | £11,519,558 | £10,072,540 | — | — | — | — |
| Social security costs | £1,471,405 | £1,205,993 | — | — | — | — |
| Pension costs | £272,894 | £134,677 | — | — | — | — |
| Directors' remuneration | £709,000 | £837,097 | — | — | — | — |
| Highest paid director | £290,720 | £387,697 | — | — | — | — |
| Source evidence | View filing | View filing | View filing | View filing | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- The principal activity of the company and group continued to be that of a UK-based wealth management business operating the Chip wealth app, providing customers a range of saving and investment products, seamlessly all in one mobile app.
- What it does
- wealth management · Chip wealth app · saving products · investment products · mobile app (AI keywords)
- Auditor
- Azets Audit Services · senior statutory auditor David Lawrence BSc (Hons) FCA
- Audit opinion
- Clean (unmodified)
- Accounts
- Full accounts · FRS 102
- Approved
- 2026-07-30, signed by S Rabin
Turnover by segment (4)
- Saving: 26,966,846 (2025-12-31)
- Investing: 2,831,918 (2025-12-31)
- Saving: 22,396,162 (2024-12-31)
- Investing: 1,426,785 (2024-12-31)
Shares issued in the year (4)
- 4,737,158 Shares · for £2.43 per share
- 1,378,798 B Ordinary Shares · for £2.43 per share
- 120,504 Shares · for £0.22 per share
- 45,000 Shares · for £0.22 per share
Directors' report (6)
- S Rabin
- R Frank
- A Latham
- A Seale
- L Krieger · appointed 2025-01-21
- S Miles · appointed 2026-03-18
Share classes (5)
- 48,618,798 A Ordinary Shares of 0.0000001p each of 0.0000001p
- 20,514,303 B Investment Shares of 0.0000001p each of 0.0000001p
- 7,659,157 B Voting Shares of 0.0000001p each of 0.0000001p
- 2,470,574 B1 Voting Shares of 0.0000001p each of 0.0000001p
- 1,378,798 B Ordinary Shares of 0.0000001p each of 0.0000001p
Principal risks (6)
- Financial Risk
- Compliance Risk
- Conduct Risk
- Operational Risk
- Strategy Risk
- IT Risk
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesFixed · created 2023-08-01
—
OutstandingShow 1 satisfied / released
Fixed · created 2019-01-24 · satisfied 2023-08-23
—
Satisfied