CARDNET MERCHANT SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-27 (in 9mo)
Last made up 2026-02-13
Watchouts
None on the register
Cash
£9M
+235.3% vs 2023
Net assets
£61M
+23.8% vs 2023
Employees
0
Average over period
Profit before tax
£16M
-32.6% vs 2023
Name history
Renamed 2 times since incorporation
- CARDNET MERCHANT SERVICES LIMITED 1997-10-30 → present
- LLOYDS FUNDSFLOW LIMITED 1983-11-07 → 1997-10-30
- E.R.C.SHIPMENTS LIMITED 1962-09-19 → 1983-11-07
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £314,342,000 | £315,013,000 | |
| Operating profit | — | — | |
| Profit before tax | £23,265,000 | £15,677,000 | |
| Net profit | £17,795,000 | £11,755,000 | |
| Cash | £2,619,000 | £8,782,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £49,474,000 | £61,229,000 | |
| Equity | £49,474,000 | £61,229,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Net margin | 5.7% | 3.7% | |
| Gearing (liabilities / total assets) | 91.4% | 87.5% | |
| Current ratio | 1.09x | 1.14x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of approval of the accounts. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “Growth is expected from 2025 onwards through Strategic Investment driving improved product propositions and partnerships, aligned with client acquisitions in key growth sectors such as Food & Drink and Travel.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 50 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MULHOLLAND, Alison Elizabeth | Secretary | 2017-11-09 | — | — |
| ADAMS, Paul | Director | 2025-12-15 | Jun 1981 | British |
| FRANCIS, Lisa Jane | Director | 2024-11-28 | Apr 1971 | British |
| MEREDITH JONES, Daniel | Director | 2025-01-14 | Jun 1971 | British |
| O'DONAILL, Colm | Director | 2025-03-28 | Aug 1974 | Irish |
Show 50 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JOHNSON, Michelle Antoinette Angela | Secretary | 2015-11-19 | 2017-11-09 |
| PARKER, Karen Kristina | Secretary | 1994-06-20 | 1997-10-30 |
| RODGERS, Helen Suzanne | Secretary | 1997-10-30 | 2001-10-11 |
| SAUNDERS, Deborah Ann | Secretary | — | 1994-06-20 |
| SLATTERY, Sharon Noelle, Mrs. | Secretary | 2001-10-11 | 2013-06-19 |
| VÁSQUEZ, Ricardo | Secretary | 2013-06-19 | 2015-11-19 |
| ADAMS, Eula Lee | Director | 1998-10-30 | 2000-08-16 |
| AYLIFFE, Peter George Edwin | Director | 2000-09-26 | 2002-04-29 |
| BONHAM, Stuart David | Director | 2007-12-07 | 2013-06-21 |
| CAMPBELL, Paul | Director | 2013-06-21 | 2016-02-09 |
| DALLAS, Richard Michael | Director | 2009-03-19 | 2012-05-02 |
| ENGLAND, Andrew Ralph | Director | 2012-05-02 | 2013-06-19 |
| EVERETT, Stephen John | Director | 2020-11-01 | 2024-11-28 |
| GAGIE, David Ronald | Director | 2002-04-29 | 2005-02-18 |
| GORDON, Paul Andrew | Director | 2016-04-27 | 2016-06-13 |
| GOULD, Gregory David | Director | 2016-06-24 | 2022-01-31 |
| GRANT, Philip Robert | Director | 2013-10-28 | 2016-06-24 |
| HARRINGTON, Peter Lee | Director | 2007-12-07 | 2008-12-08 |
| HATCHER, Michael Roger | Director | — | 1997-10-30 |
| HAWKINS, Gerald Edward Roulston | Director | 2000-08-16 | 2004-11-01 |
| HAWKINS, Gerald Edward Roulston | Director | 1997-10-31 | 2000-07-31 |
| LEACOCK, Nigel Ronald | Director | 2003-12-04 | 2012-02-02 |
| LONGHURST, Andrew Henry | Director | 1997-10-31 | 1998-04-15 |
| MAIN, Hans-Wolfgang | Director | — | 1996-06-01 |
| MARTIN, Peter James | Director | 2005-02-18 | 2006-02-28 |
| MARTIN, Peter James | Director | 2000-02-21 | 2003-12-04 |
| MASLEN, Frederick Charles Archibald | Director | — | 1994-06-30 |
| MICHIE, Alastair John | Director | — | 1997-10-31 |
| NAFUS, Edward Clarence | Director | 1997-10-31 | 1998-08-15 |
| NASH, Tony | Director | 2016-06-13 | 2020-11-01 |
| NEAGLE, Robert Charles | Director | 2012-07-24 | 2015-07-28 |
| O'DONOGHUE, Hubert | Director | 2015-07-28 | 2018-07-30 |
| OLDFIELD, David James Stanley | Director | 2013-06-19 | 2013-10-28 |
| PELL, Gordon Francis | Director | 1998-04-15 | 2000-01-07 |
| PIERCE, Roger | Director | 1997-10-31 | 1998-02-19 |
| PIERI, Melissa Grace | Director | 2020-02-13 | 2025-12-15 |
| REGNIER, Michael Charles | Director | 2012-02-02 | 2013-06-19 |
| RODGERS, Helen Suzanne | Director | 1994-06-20 | 1997-10-31 |
| SAIGOL, Sarah | Director | 2024-05-23 | 2024-09-25 |
| SAUNDERS, Deborah Ann | Director | 1994-06-20 | 1997-10-30 |
| SCHIMENZ, Robert | Director | 1998-04-08 | 2007-12-07 |
| SHERNOFF, Mia | Director | 2020-02-11 | 2022-12-12 |
| STUNT, Philip | Director | 2018-02-08 | 2020-02-13 |
| TRELOAR, Zoe Isabel | Director | 2022-12-12 | 2025-03-28 |
| WALSH, Aidene Frances | Director | 2013-06-19 | 2016-04-27 |
| WALSH, Colin | Director | 2006-03-01 | 2009-03-19 |
| WARNER, Stephen Laurie | Director | 2008-12-08 | 2012-07-24 |
| WHITE, Adrian Patrick | Director | 2022-03-21 | 2024-05-23 |
| YATES, David Gregg | Director | 2004-11-01 | 2007-12-07 |
| ZAPLATA, Damian | Director | 2016-02-09 | 2017-10-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lloyds Bank Plc | Corporate entity | Voting 50–75% | 2016-04-06 | Active |
| Lloyds Banking Group Plc | Corporate entity | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 253 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-10 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-08-26 | AA | accounts | Accounts with accounts type full | |
| 2025-05-12 | CH03 | officers | Change person secretary company with change date | |
| 2025-05-01 | CH01 | officers | Change person director company with change date | |
| 2025-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-20 | CH01 | officers | Change person director company with change date | |
| 2025-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | AA | accounts | Accounts with accounts type full | |
| 2024-05-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-24 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+0.2%
£314,342,000 £315,013,000
-
Cash
+235.3%
£2,619,000 £8,782,000
-
Net assets
+23.8%
£49,474,000 £61,229,000
-
Employees
—
Not reported
-
Profit before tax
-32.6%
£23,265,000 £15,677,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers