EUROCHANGE LIMITED

• ⚠

  Material uncertainty over going concern

  However, the directors recognise that any extension is not guaranteed and if the loan notes are not extended then the Company may be required to assist the Group in settling its loan notes which would impact the ability of the Company to continue as a going concern.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. EUROCHANGE LIMITED 2014-07-31 → present
2. EUROCHANGE PLC 2011-01-04 → 2014-07-31
3. FX CURRENCY SERVICES PLC 2010-12-22 → 2011-01-04
4. FX CURRENCY SERVICES LIMITED 2000-06-22 → 2010-12-22
5. FX INVESTMENTS LIMITED 2000-02-11 → 2000-06-22
6. EUROCHANGE GROUP LIMITED 1990-09-24 → 2000-02-11
7. LAW 261 LIMITED 1990-07-06 → 1990-09-24

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, the directors recognise that any extension is not guaranteed and if the loan notes are not extended then the Company may be required to assist the Group in settling its loan notes which would impact the ability of the Company to continue as a going concern.”

Group structure

1. EUROCHANGE LIMITED · parent
   1. Ignite FXCorp Limited 100% · UK

Significant events

• “On 8 July 2024, the board of directors announced the incorporation of a wholly owned subsidiary of Eurochange ltd, Ignite FXCorp Limited with registered number 15823902.”
• “Other operating income includes final release of accruals related to covid”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +7.2%

  £44,271,000 → £47,463,000

• Cash

  -25.1%

  £30,740,000 → £23,035,000

• Net assets

  -20.6%

  £27,894,000 → £22,136,000

• Employees

  +8.5%

  718 → 779

• Operating profit

  -10.7%

  £10,589,000 → £9,454,000

• Profit before tax

  -6.7%

  £9,217,000 → £8,603,000

• Wages

  +16%

  £15,098,000 → £17,515,000

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