CLS UK INTERMEDIATE HOLDINGS LTD.

1. CLS UK INTERMEDIATE HOLDINGS LTD. 2002-10-07 → present
2. CLS UK HOLDINGS LTD. 2002-04-02 → 2002-10-07

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Consequently, the Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. CLS UK INTERMEDIATE HOLDINGS LTD. · parent
   1. CLS Bank International 100% · USA · Foreign exchange settlement risk and liquidity management.
   2. CLS Services Ltd. 100% · UK · Provision of operational support to the CLS Settlement system and Group entities.
   3. CLS US Services Inc 100% · USA · Provision of operational support to the CLS Settlement system and Group entities.
   4. CLS Processing Solutions Ltd. 100% · UK · Non-settlement products offered by CLS.

Significant events

• “During 2024, the Company invested £7,700,000 (2023: £9,000,000) in CLS Processing Solutions Limited, a wholly owned subsidiary of the Company, to provide additional financial support whilst it remains loss making as it builds up its customer base.”
• “As at the end of 2024 the full amount of the £7,700,000 (2023: £9,000,000) investment in CLS Processing was impaired. In total, £34,700,000 has been impaired since 2021.”
• “In 2024, CLS US Services Inc declared and paid an interim dividend to the Company of $9,100,000 (GBP equivalent £7,163,662) (2023: $6,200,000 (GBP equivalent £4,908,431)).”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -0.2%

  £22,626,000 → £22,572,000

• Cash

  +11.1%

  £5,875,000 → £6,529,000

• Net assets

  -0.1%

  £256,624,000 → £256,417,000

• Employees

  +11.5%

  61 → 68

• Operating profit

  +227.9%

  £619,000 → £2,030,000

• Profit before tax

  +131.8%

  -£3,347,000 → £1,064,000

• Wages

  -9.7%

  £10,755,000 → £9,707,000

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