Numeritas

What Numeritas does

Numeritas Limited is a London-headquartered, privately held financial modelling consultancy founded circa 2005, specialising in Excel-based financial modelling for FTSE 100 corporates, fund managers and mid-market companies. The firm operates four primary service lines — Reporting and FP&A, Transactions (M&A, PE, bid pricing), Model Audit, and Vena Solutions implementation — supported by an integrated three-statement modelling methodology that combines statutory and regulatory forecasting in a single data set.

The firm's core technology stack is built around Microsoft Excel: a proprietary SCILS methodology (Separation, Consistency, Integrity, Linearity, Simplicity) for structuring and reviewing models, and the free nXt Excel add-in (Windows-only, Excel 2007+) which provides Cell Tracker precedent/dependent analysis, workbook mapping, unique-formula listings, and a 'Delta Sheet' scenario-comparison feature. Numeritas also partners with Vena Solutions as a technology partner, extending delivery into cloud corporate performance management. Stephen Aldridge and Denver McCann lead the firm, both co-hosting 'The Forward Thinking CFO' podcast.

Numeritas monetises through bespoke, quote-based professional-services engagements (the dominant revenue stream), a freemium model where the nXt add-in is exchanged for email capture used to funnel consulting and Academy leads, and a recurring £360/year Numeritas Academy membership community delivered via Podia/Stripe. Marketing is content- and authority-led, anchored by the firm's contribution to the ICAEW Financial Modelling Code (November 2018), a podcast distributed on Spotify/Apple/SoundCloud/Stitcher, regular webinars, whitepapers and an active LinkedIn/Twitter/YouTube presence.

Name

Numeritas

Legal name

Numeritas Limited

Website

https://numeritas.co.uk

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Numeritas is a London-based financial modelling consultancy that builds, audits and trains on Excel-based integrated financial models for FTSE 100 corporates, fund managers and mid-market companies via its proprietary SCILS methodology, nXt Excel add-in and Vena Solutions partnership.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Financial modelling consulting services: Project-based professional services revenue from Reporting & FP&A, Transactions (M&A/bid pricing/PE), and Model Audit engagements delivered to FTSE 100 companies, PE investors, and other enterprises.
2. Numeritas Academy membership: Recurring annual subscription (£360/yr) for the 'Modeller plan' community membership that gives access to in-depth training videos, worked examples and exercises.
3. Numeritas eXcel Toolkit (nXt) — freemium lead generation: Free Excel add-in distributed in exchange for email capture, used as a top-of-funnel lead-generation mechanism for consulting and academy revenue.
4. Vena Solutions consulting/implementation: Vena-related modelling and implementation services delivered via the technology partnership with Vena Solutions.

Pricing tiers

Go-to-market motion5 records

Distribution channels5 records

Marketing channels11 records

Core offering

Numeritas is a pure-play financial modelling consultancy that builds robust, auditable Excel-based financial models and conducts independent model audits for FTSE 100 corporates, private equity and fund managers. Its core offering spans three service lines — Reporting & FP&A, Transactions (M&A, bid pricing, PE) and Model Audit — supported by a proprietary free Excel add-in (nXt) and the proprietary SCILS methodology framework.

Product overview

Numeritas offers a single integrated offering centred on financial modelling excellence, combining a free Excel add-in product (the Numeritas eXcel toolkit / nXt) with a portfolio of professional services (Reporting and FP&A, Transactions, Model Audit, and Vena Solutions consulting) and an education/media layer (Numeritas Academy paid membership with FM 001/002/003 courses, the IMF101 Integrated Financial Modelling training course, and The Forward Thinking CFO podcast). The nXt add-in is the core software product, embedding productivity and model-integrity tools (Cell Tracker, workbook map, unique-formula listing, keyboard shortcuts, delta sheet) directly inside Microsoft Excel; the consulting services wrap professional modelling expertise around that toolset, while the Academy and podcast extend the same methodology into paid training and thought-leadership content for finance professionals.

Differentiator

Problem solved

Functional benefit

Brands

• nXt (Numeritas eXcel Toolkit): A free Excel add-in (nXt) that boosts Excel productivity for financial modelling. Includes Cell Tracker, workbook summary reports, unique formula listings, workbook maps, view tools, file splitter, and more. Windows-only add-in for Excel 2007 and newer.
• The Forward Thinking CFO
• Numeritas Academy

Products and services

• Reporting and FP&A Consulting service that builds financial planning and analysis models for clients using tools they already have (primarily Excel), providing right answers quickly for budgeting, forecasting, and statutory/regulatory reporting.
• Transactions Transaction-focused financial modelling service that gives clients the numbers needed to maximise value from acquisitions, disposals, management buyouts, bid pricing and other transactions.
• Model Audit Independent review service that gives clients confidence their spreadsheet models are robust, reliable and free of material errors, applying formula-level, module-level and analytical-review testing.
• Vena Consulting and implementation support for Vena Solutions, a cloud corporate performance management (CPM) platform, helping clients use Vena for budgeting, forecasting and reporting workflows.
• Numeritas eXcel Toolkit (nXt) Free Microsoft Excel add-in for Windows that boosts productivity for financial modellers by listing unique formulae, mapping workbooks, tracking cell precedents/dependents (Cell Tracker), identifying potential errors, splitting large files, and adding Excel keyboard shortcuts. Adds a 'NUMERITAS' tab to the Excel ribbon.
• Numeritas Academy Subscription-based online learning community (£360/year Modeller plan, plus a free FM001 intro) that provides in-depth training on building robust, maintainable financial models, with video demos, worked examples and exercises. Includes courses FM 001 (basics), FM 002 (step-by-step model building) and FM 003 (Battersby Bridge case study).

Quantifiable outcome

• Only 1 of 200+ audited models was error-free in Numeritas' track record
• +3 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Three partnerships are on record, tiered flagship / core, minor and core.

• Vena Solutionsflagship / coreTechnology or IntegrationNumeritas explicitly describes Vena Solutions as 'our technology partner' (Episode 6 of The Forward Thinking CFO podcast with Vena CFO Darrell Cox). Vena is listed as a dedicated service line on numeritas.co.uk, and Numeritas offers Vena-related modelling and implementation services. Vena is a leading cloud corporate performance management platform headquartered in Toronto, Canada.
• SmartSearch (SmartCredit Limited)minorOthersNumeritas is a joint data controller with SmartCredit Limited (trading as SmartSearch, Mayfield House, Lower Railway Road, Ilkley, Leeds LS29 8FL) for anti-money laundering checks. Operates under GDPR for AML due diligence.
• Podia Labs, Inc.coreTechnology or IntegrationPodia powers the Numeritas Academy platform at academy.numeritas.co.uk. Podia hosts course/membership products, handles payments (via Stripe), and provides the Terms of Service and Privacy Policy infrastructure for the Academy.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Vena Solutions: Cloud corporate performance management (CPM) platform and Numeritas' technology partner. Comparable because Vena is both a distribution channel for Numeritas' consulting and a potential substitute for spreadsheet-centric modelling workflows Numeritas serves today.
• Pigment: Cloud-native FP&A and business planning platform competing with both Excel and legacy CPM/EPM tools. Comparable as an emerging alternative to Numeritas' Excel-centric Reporting & FP&A service line for digitally transforming finance teams.

Broad incumbents

• FTI Consulting: Global advisory firm offering Corporate Finance, Forensic & Litigation Consulting and EBR (Economics & Business Research) services that include independent model review and transaction support. Overlaps Numeritas' Model Audit and Transactions practices at large-enterprise scale.
• Mazars: International accounting and advisory firm with financial modelling and transaction support practices across Europe. Comparable to Numeritas for mid-market and FTSE-style engagements, but operating as part of a full-service accounting/advisory network.
• Anaplan: Enterprise connected-planning platform for FP&A, sales and workforce planning. Relevant adjacent peer because Anaplan competes with the Excel-based modelling workflows Numeritas builds and audits, and increasingly absorbs the FP&A use cases Numeritas services.
• BDO UK: UK accounting and advisory network offering transaction support, FP&A and modelling services to mid-market and listed corporates. Comparable customer base (UK FTSE-adjacent and mid-market) and overlapping service lines with Numeritas' Reporting & FP&A and Transactions practices.
• Alvarez & Marsal: Global professional services firm with a sizeable Transactions/Modelling practice serving PE-backed and FTSE-style clients on M&A, restructuring and FP&A. Comparable to Numeritas at the enterprise/PE end of the market, but with much broader geographic and service breadth.

Direct peers

• Corality Financial Group: Specialist financial modelling consultancy serving infrastructure, project finance and PE investors with build, audit and training services. Closely comparable to Numeritas' Reporting & FP&A, Transactions and Model Audit offerings and its Academy/training model.
• Modelity: Financial modelling training, certification and tooling provider (Modelling Knight, FM Coach) targeting finance professionals and corporates. Directly comparable to Numeritas Academy and the nXt add-in as a training/tooling-led modelling specialist.
• Pinnacle Modelling (formerly Gridlines): Pure-play financial modelling and model audit consultancy with a similar service menu (build, audit, transaction support) and comparable PE/transaction-heavy client mix. The closest like-for-like competitor to Numeritas' Reporting & FP&A, Transactions and Model Audit practice.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Numeritas
• YouTubeyoutube.com/channel/UCjMObUU5eE-3FiADTOcsUbw/videos
• LinkedInlinkedin.com/company/numeritas-ltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Numeritas