Nikolay Storonsky (left)/Revolut.
Exclusive: Revolut’s results delayed until early 2023
The fintech is grappling with increasing scrutiny by auditors.
Revolut’s long-awaited 2021 accounts have been finalised, however, the fintech will miss its 31 December deadline to publish them.
Instead the company will now publish its overdue accounts “in the new year”, AltFi can exclusively reveal.
HMRC requires company accounts to be filed on Companies House nine months after the financial year ends, however Revolut missed its original September 2022 deadline and had this extended to 31 December, a date that it will also now miss.
Revolut’s 2021 figures have reportedly come under increased scrutiny, with the Financial Times reporting earlier this year that accountancy firm BDO had its previous auditing of Revolut’s filings criticised as “inadequate” by the UK regulator.
Since September CEO Nikolay Storonsky has been describing Revolut as “profitable”, based on its yet-to-be-filed 2021 accounts, however we have yet to see the exact figures that Storonsky is referring to.
A company spokesperson told AltFi: “Our accounts are finalised and we expect to confirm the previously reported news that we are profitable. We are very proud of this and intend to file the accounts in the new year.”