Vertofx Ltd

Vertofx Ltd, based in London, UK, is a small, active company founded seven years ago in 2017. Employing 37 people, it holds £1,174,615 in assets and operates from a virtual address – a point to note as 28,664 other companies are registered at the same location. The business has two directors, but no owners reported, suggesting a management structure where one of the directors likely holds the primary stake. It boasts a stellar 5.0 Google rating from 71 reviews. Vertofx is an irregular importer, primarily dealing in tanning and dyeing products, with the last import activity recorded one month ago in November 2023.

The company's website positions itself as a "Trusted B2B Cross Border Payments Platform," offering a range of financial solutions. It caters to startups, mid-sized companies, and enterprises, providing services like multicurrency accounts, FX management, and marketplace trading. Vertofx’s offerings extend to various industries, including charities, education, and manufacturing, and supports numerous currencies and countries. The site emphasizes its developer tools and API integrations, showcasing a focus on technical capabilities. They even have a mobile app, Verto Pay, and are partnering with banks to expand their reach.

Financially, Vertofx Ltd’s report reveals a mixed picture. While current assets remain steady at £1,200,000, net assets have significantly improved, jumping 200% to £2,300,000. Bank borrowings have decreased by 100%, and cash reserves have dropped 81% to £170,000. Trade debtors have increased substantially, rising 240%, suggesting a reliance on customer payments. Creditors have also risen, increasing 16% to £940,000. The company’s small size (meeting two of three criteria for being a small company) allows for agility, but the substantial increase in equity raises questions about the business’s trajectory. The report is unaudited, and no auditor is mentioned.

Overall, Vertofx Ltd appears to be navigating a period of growth and change, leveraging its technology platform to facilitate cross-border payments. The company's strong online presence and positive customer reviews suggest a solid foundation, but the financial data warrants close monitoring to ensure sustainable performance.

Registered in England/Wales under the registration number 10973066, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.