VISA UK LIMITED

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared the financial statements under the going concern basis having given due consideration to the Company's financial liabilities and the financial resources available to meet its obligations. The Directors have also considered the impact of macroeconomic uncertainty (including recessions, inflation, and the associated impact of changes in interest rates, currency fluctuations, rising energy prices, supply chain issues and a slowdown of global trade) in their assessment. As outlined in Note 8, Contingent liabilities, there is an uncertainty relating to the Retailer Litigation. The Visa Europe Limited board has confirmed that Visa Europe Limited will absorb all losses associated with the Retailer Litigation and any other claims should any ultimately arise in respect of the Retailer Litigation.”

Significant events

• “The Company is a party to the ongoing Retailer Litigation, as outlined in Note 8, Contingent liabilities, for claims primarily relating to interchange rates at Europe and, in some cases, relating to fees charged by Visa on certain card rules.”
• “On 17 June 2020, with respect to claims asserted by one Merchant (Sainsbury's), the Supreme Court of the United Kingdom found that Visa UK domestic interchange restricted competition under applicable competition law.”
• “On 26 November 2021, with respect to certain pending Merchant claims, the UK Competition Appeal Tribunal (CAT) found that UK and certain other domestic and intra-European Economic Area consumer interchange fees before the introduction of the Interchange Fee Regulation (IFR) were unlawful.”
• “On 18 November 2024, the CAT dismissed the quantum of any damages owed to merchants.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  0%

  £197 → £197

• Net assets

  0%

  £283 → £283

• Employees

  —

  Not reported

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