CHEQUE EXCHANGE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-20 (in 5mo)
Last made up 2025-10-06
Watchouts
Cash
£151K
-36.6% vs 2023
Net assets
£3M
+5.4% vs 2023
Employees
8
0% vs 2023
Profit before tax
£202K
-40.1% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The financial statements have been prepared on a basis other than going concern. On 19 March 2025, decision was announced to close the Company's business. Closure will not take place until 31 March 2026, giving the Company 12 months to fulfil its contractual obligations to its Agents.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £2,179,000 | £2,356,000 | |
| Operating profit | — | — | |
| Profit before tax | £337,000 | £202,000 | |
| Net profit | £248,000 | £156,000 | |
| Cash | £238,000 | £151,000 | |
| Total assets less current liabilities | £3,035,000 | £3,199,000 | |
| Net assets | £3,035,000 | £3,199,000 | |
| Equity | £3,035,000 | £3,199,000 | |
| Average employees | 8 | 8 | |
| Wages | £382,000 | £365,000 |
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 | 11.4% | 6.6% | |
| Gearing (liabilities / total assets) | 53.3% | 32.3% | |
| Current ratio | 1.87x | 3.08x |
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
- Material uncertainty disclosed
“The financial statements have been prepared on a basis other than going concern. On 19 March 2025, decision was announced to close the Company's business. Closure will not take place until 31 March 2026, giving the Company 12 months to fulfil its contractual obligations to its Agents.”
Significant events
- “On 19 March 2025, following an extensive review, the decision was announced to close the Company's business. The closure will not take place until 31 March 2026, giving the Company 12 months to fulfil its contractual obligations to its Agents.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 53 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MUSTARD, Michael William | Director | 2024-11-27 | Oct 1972 | British |
Show 53 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FARROW, Andrew David John | Secretary | 2000-01-31 | 2001-04-04 |
| HAIGH, Nicholas John | Secretary | 1995-02-10 | 2000-01-31 |
| MARSHALL SMITH, Rosamond Joy | Secretary | 2001-04-04 | 2006-01-09 |
| MCCLURE, Elizabeth | Secretary | 2024-10-11 | 2026-04-02 |
| NOAD, Susan | Secretary | 1994-06-06 | 1995-02-10 |
| SEAKENS, Paul Michael | Secretary | 2009-03-25 | 2009-11-02 |
| VERSLUYS, Emma Gayle | Secretary | 2009-11-02 | 2017-05-12 |
| VERSLUYS, Emma Gayle | Secretary | 2006-01-09 | 2008-01-30 |
| WATTS, Paula | Secretary | 2017-05-12 | 2018-03-31 |
| WHINCUP, David George | Secretary | 2018-07-16 | 2024-10-11 |
| YORK PLACE COMPANY SECRETARIES LIMITED | Corporate Nominee Secretary | 1994-05-11 | 1994-06-06 |
| ALI, Shamshad | Director | 2023-05-30 | 2023-11-22 |
| BALL, Raymond John | Director | 1995-02-10 | 2005-05-31 |
| BARNETT, Melanie Jayne | Director | 2022-08-19 | 2024-10-04 |
| CANT, Gregor Roderick | Director | 2021-02-09 | 2022-09-30 |
| CRONIN, Gareth | Director | 2023-11-22 | 2024-11-27 |
| DAVIES, Charlotte | Director | 2020-12-04 | 2022-08-19 |
| DOUGALL, Adam James | Director | 2009-01-30 | 2009-11-02 |
| EKINS, Martin | Director | 2001-07-26 | 2002-07-04 |
| FARROW, Andrew David John | Director | 1998-09-18 | 2005-09-01 |
| FINDLAY, Lewis | Director | 2009-01-30 | 2009-11-02 |
| GILLESPIE, Christopher Donald | Director | 2018-01-30 | 2020-08-28 |
| GILLESPIE, Jonathan Richard | Director | 2010-06-29 | 2015-11-23 |
| GLEN, Robert John | Director | 2001-04-04 | 2002-07-04 |
| HAIGH, Nicholas John | Director | 1995-02-10 | 2000-01-31 |
| HEPPENSTALL, Richard Douglas Beaumont | Director | 2000-06-15 | 2001-04-04 |
| KETTLE, Philip Charles | Director | 2002-07-04 | 2007-09-25 |
| LEWIS, Andrew | Director | 1998-09-18 | 1999-01-08 |
| MCLELLAND, Phillip Alexander | Director | 2015-11-20 | 2018-02-09 |
| MCOWEN, Peter | Director | 2009-01-30 | 2009-07-31 |
| MOORE, Neill Lewis Mcdonald | Director | 2021-01-12 | 2021-02-09 |
| MULLEN, Kenneth John | Director | 2017-08-24 | 2018-02-14 |
| MULLEN, Kenneth John | Director | 2009-11-02 | 2010-06-29 |
| NOAD, Christine Sarah | Director | 1995-09-19 | 2000-03-23 |
| NOAD, Edmund | Director | 1994-06-06 | 2000-03-23 |
| NOAD, Jason Grant Edmund | Director | 1994-06-06 | 2000-03-23 |
| NOAD, Susan | Director | 1995-09-19 | 2000-03-23 |
| PALMER, Michael Ashley | Director | 2005-05-19 | 2009-01-30 |
| PARKINSON, Andrew John | Director | 2015-11-20 | 2017-08-24 |
| PATEL, Hemantkumar Kiritbhai | Director | 2015-03-01 | 2015-11-23 |
| PATON, Hamish Stewart | Director | 2020-09-14 | 2021-02-09 |
| SENIOR, Barrie Allan | Director | 2003-04-01 | 2004-05-31 |
| SHAW, Stephen David | Director | 2009-11-02 | 2015-03-31 |
| SHAW, Stephen David | Director | 2005-05-19 | 2009-01-30 |
| SPIERS, David Robert | Director | 2004-05-28 | 2007-11-01 |
| STEVENS, Mark | Director | 2012-09-01 | 2014-05-08 |
| TAYLOR, Charles Ernest Fred | Director | 2007-11-19 | 2009-01-30 |
| TAYLOR, Patricia Anne | Director | 1995-02-10 | 1997-06-04 |
| THOMAS, Matthew | Director | 2022-09-30 | 2023-05-30 |
| THORNHILL, Eleanor | Director | 2018-02-14 | 2020-11-18 |
| THORNTON, John Rolfe | Director | 2001-04-04 | 2002-07-04 |
| VASUDEV, Shruti | Director | 2024-10-04 | 2026-04-02 |
| YORK PLACE COMPANY NOMINEES LIMITED | Corporate Nominee Director | 1994-05-11 | 1994-06-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| N&N Simple Financial Solutions Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 225 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-10-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-11-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-10-17 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2024-10-17 | PARENT_ACC | accounts | Legacy | |
| 2024-10-17 | GUARANTEE2 | other | Legacy | |
| 2024-10-17 | AGREEMENT2 | other | Legacy | |
| 2024-10-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-23 | AA | accounts | Accounts with accounts type full | |
| 2023-11-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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
+8.1%
£2,179,000 £2,356,000
-
Cash
-36.6%
£238,000 £151,000
-
Net assets
+5.4%
£3,035,000 £3,199,000
-
Employees
0%
8 8
-
Profit before tax
-40.1%
£337,000 £202,000
-
Wages
-4.5%
£382,000 £365,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers