Expensify Limited

Expensify Limited is a small holding company based in London, UK, active since its founding nine years ago in 2015. With twelve employees and £10,773,538 in assets, it operates from a virtual address – a point to note as 169 companies share the same location. The company is managed by four directors and has one owner, though the owner list changed three years ago and isn's exhaustive. It's an irregular importer, primarily dealing in plastics and plastic products, with just one month of imports recorded as of April 2022.

The company's website showcases ExpenseOnDemand, a software solution for managing employee expenses. It’s clearly an e-commerce business, offering a suite of features including AI-powered receipt scanning, expense claim reporting, approval workflows, and integrations with accounting tools like Xero, QuickBooks, and NetSuite. The site emphasizes flexibility, user-friendliness, and cost-effectiveness, targeting businesses of all sizes. The software is designed to streamline expense tracking, improve visibility, and reduce administrative overhead. It even offers a 30-second tour of the system.

Financially, Expensify Limited presents a mixed picture. While cash bank holdings increased significantly by 72%, reaching £8,800,000, net assets also saw a substantial rise, jumping 370% to £4,800,000. However, the company's profit loss declined sharply, plummeting 270% to -£220,000. Creditors increased by 26%, reaching £2,800,000, while trade debtors remained stable. The company’s average number of employees increased slightly, rising 8.3% to thirteen. The auditors, ZEDRA Corporate Reporting Services (UK) Limited, issued an unqualified report.

The increase in cash and net assets suggests the company is attracting investment or generating revenue, but the large loss indicates ongoing expenses or a period of heavy investment. The reliance on a virtual address, coupled with the fluctuating financials, suggests a company that may be rapidly evolving or adapting to changing market conditions. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the substantial loss raises questions about its long-term sustainability.

Registered in England/Wales under the registration number 09744432, with a registered address at EC3V 9DU, United Kingdom, London, Birchin Court 5th Floor, 19-25 Birchin Lane.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.