VISA PAYMENTS LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-09-14 (in 4mo)
Last made up 2025-08-31
Watchouts
None on the register
Cash
£211M
+174.7% vs 2023
Net assets
£63M
+32.3% vs 2023
Employees
242
-19.3% vs 2023
Profit before tax
-£7M
+68.8% vs 2023
Name history
Renamed 4 times since incorporation
- VISA PAYMENTS LIMITED 2020-02-28 → present
- EARTHPORT LIMITED 2019-09-09 → 2020-02-28
- EARTHPORT PLC 2001-01-04 → 2019-09-09
- EARTHPORT.COM PLC 1999-05-28 → 2001-01-04
- ELECTRONIC FUNDRAISING COMPANY PLC 1997-09-03 → 1999-05-28
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Turnover | £37,269,830 | £35,923,647 | |
| Operating profit | -£24,426,983 | -£10,533,729 | |
| Profit before tax | -£23,679,021 | -£7,395,107 | |
| Net profit | -£18,204,596 | -£5,068,199 | |
| Cash | £76,644,922 | £210,527,057 | |
| Total assets less current liabilities | £47,744,996 | £63,146,034 | |
| Net assets | £47,744,996 | £63,146,034 | |
| Equity | £47,744,996 | £63,146,034 | |
| Average employees | 300 | 242 | |
| Wages | £24,088,955 | £21,798,369 |
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 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Operating margin | -65.5% | -29.3% | |
| Net margin | -48.8% | -14.1% | |
| Return on capital employed | -51.2% | -16.7% | |
| Gearing (liabilities / total assets) | 64.0% | 76.2% | |
| Current ratio | 1.19x | 1.27x | |
| Interest cover | -30.20x | -10.22x |
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
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue operating for at least the next 12 months. Visa Inc. has provided the Company a series of equity injections since acquisition and the most recent was in September 2024 for USD 10.0m. In addition, the Directors have obtained a letter confirming Visa Inc.'s intention to support the Company for at least the next 12 months from the date of approval of these financial statements. Accordingly, the Directors consider that it is appropriate to prepare the Company's financial statements on a going concern basis.”
Group structure
- VISA PAYMENTS LIMITED · parent
- Multang Earthport plc 100%
- Visa Payments K.K. 100%
- Earthport Clearing Dominican Rep SAS 100%
- Visa Payments Asia Pte Limited 100%
Significant events
- “The Company surrendered accumulated tax credits for fiscal years 2021 through 2023 to Visa Europe Limited on 22 January 2025 and received approximately USD 32m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 68 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CUSACK, Richard | Secretary | 2020-08-03 | — | — |
| DEAN, Sharon Julie | Director | 2022-08-10 | Jun 1971 | British |
| MONCRIEFF, Tim | Director | 2025-10-20 | Mar 1986 | British |
Show 68 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALI, Asif | Secretary | 2010-06-15 | 2019-01-14 |
| BURMAN, Matthew George | Secretary | 2019-09-09 | 2020-08-03 |
| CHAPPELL, Peter Andrews | Secretary | 2007-12-19 | 2010-06-01 |
| CLAYTON, Neil William Harold | Secretary | 2005-01-31 | 2007-12-19 |
| ELLISON, John Beaumont | Secretary | 2003-10-20 | 2004-07-15 |
| HALL, Christopher Keith | Secretary | 2004-07-16 | 2005-01-31 |
| HALL, Christopher Keith | Secretary | 2003-09-19 | 2003-10-20 |
| MENNIE, Robert George | Secretary | 1999-06-01 | 2003-09-19 |
| POWELL, Beverley | Secretary | 1997-09-03 | 1999-06-01 |
| HALLMARK SECRETARIES LIMITED | Corporate Nominee Secretary | 1997-09-03 | 1997-09-03 |
| PREEN CONSULTING LIMITED | Corporate Secretary | 2019-01-14 | 2019-09-09 |
| ADAMIYATT, Simon | Director | 2015-12-15 | 2018-01-31 |
| BAILE, Jonathan James | Director | 2001-04-10 | 2001-09-25 |
| BERGMAN, James Edward, Lord | Director | 2007-12-19 | 2010-01-19 |
| BRINK, Adrian Arthur | Director | 1999-04-20 | 2000-12-06 |
| BROWN, Caroline Anne, Dr | Director | 2017-01-17 | 2019-06-10 |
| BROWNE, Lance | Director | 2008-09-15 | 2010-11-18 |
| BUTLER, Cyril Norman | Director | 2019-06-10 | 2024-09-30 |
| CHAPPELL, Peter Andrews | Director | 2008-09-26 | 2010-06-01 |
| CHAPPELL, Peter Andrews | Director | 1998-02-20 | 2000-12-06 |
| CHETWYND-TALBOT, Charles Henry John Benedict Crofton | Director | 2000-09-11 | 2001-09-25 |
| CLARKE, Russell John | Director | 2004-04-28 | 2004-08-20 |
| CLAYTON, Neil William Harold | Director | 2005-02-28 | 2007-12-19 |
| COWLARD, Christopher | Director | 2012-10-05 | 2016-06-03 |
| CUNNINGHAM, Robert | Director | 2004-05-25 | 2005-05-23 |
| DAVAR, Mohit | Director | 2012-07-05 | 2016-05-26 |
| DEANE-JOHNS, Simon Joshua | Director | 1999-12-15 | 2001-06-15 |
| FERRANTE, Doria Mia | Director | 2024-10-01 | 2025-10-20 |
| FILSHIE, Alexander | Director | 2018-07-25 | 2020-04-03 |
| FLOOD, Richard Andrew | Director | 2001-12-31 | 2003-07-14 |
| HALL, Christopher Keith | Director | 2003-08-01 | 2005-01-31 |
| HARRISON, Michael Geoffrey | Director | 2005-05-03 | 2010-11-18 |
| HICKMAN, Philip George | Director | 2010-11-18 | 2018-10-19 |
| HILL, Jonathan Clive | Director | 2005-07-15 | 2008-09-26 |
| JOSEPHS, David Adam | Director | 2019-05-20 | 2019-06-10 |
| KARIM, Zafarullah | Director | 2009-12-02 | 2012-10-31 |
| KARIM, Zafarullah | Director | 2009-02-02 | 2009-02-02 |
| KEEN, Christopher Crawford | Director | 2002-11-01 | 2005-02-28 |
| KUO, Leanna Laiying Kuan | Director | 2019-05-20 | 2022-08-10 |
| LJUNGWALDH, Lars Seved | Director | 2000-06-30 | 2002-12-30 |
| LYNCH, Philip Francis | Director | 2000-05-16 | 2001-09-26 |
| MAITLAND, Olga Helen, Lady | Director | 2008-09-26 | 2012-07-01 |
| MANCHANDA, Ravi | Director | 2002-11-01 | 2004-11-17 |
| MCCOY, John | Director | 2016-02-17 | 2018-02-02 |
| MEDWAY, Colin John | Director | 2005-05-24 | 2008-03-27 |
| MENNIE, Robert George | Director | 2001-12-31 | 2003-09-19 |
| MESLER, Amanda Jo | Director | 2018-07-01 | 2019-06-21 |
| MILLARD, Andrew Christopher Glanvile | Director | 1999-09-13 | 2000-04-18 |
| MORAN SANCHEZ, Jorge | Director | 2014-05-16 | 2019-06-10 |
| NEWALL, Graham Roger | Director | 1999-04-20 | 2001-04-10 |
| PROCTOR, Carlisle Caldow | Director | 2000-03-01 | 2001-09-26 |
| RAKISON, Robert Brian | Director | 2002-02-01 | 2005-02-17 |
| RAMGOPAL, Vinode Bhesham | Director | 2010-04-30 | 2019-06-10 |
| RAWLINS, Claire Russell | Director | 2003-08-01 | 2003-09-08 |
| RIPLEY, Andrew George | Director | 2002-05-15 | 2005-04-29 |
| SABHARWAL, Sunil | Director | 2018-09-04 | 2019-06-10 |
| THOMAS, Paul Michael | Director | 2011-01-11 | 2015-02-26 |
| TOWNSEND, Paul | Director | 2003-07-14 | 2004-04-23 |
| TUCKER, Alan Robert Kidger | Director | 2000-12-06 | 2001-11-06 |
| TUCKER, Eric Alan Kidger | Director | 2001-06-21 | 2001-12-14 |
| TUCKER, Eric Alan Kidger | Director | 1997-09-03 | 2000-12-06 |
| UBEROI, Hank | Director | 2010-02-18 | 2018-10-19 |
| VAN DEN BROEK, Johannes Maarten | Director | 1999-04-20 | 2000-01-31 |
| VANRENEN, David John Deneys | Director | 1997-09-03 | 2002-02-22 |
| VISWANATHAN, Sajeev | Director | 2014-10-15 | 2016-11-03 |
| WARD, Gregory Andrew | Director | 2001-12-31 | 2002-04-04 |
| WILLIAMS, Terence John | Director | 2010-11-18 | 2019-06-10 |
| HALLMARK REGISTRARS LIMITED | Corporate Nominee Director | 1997-09-03 | 1997-09-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Visa Inc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-05-08 | Active |
| Various Shareholders | Corporate entity | Shares 50–75% | 2016-08-31 | Ceased 2016-08-31 |
Filing timeline
Last 20 of 513 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-17 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-09-16 | AA | accounts | Accounts with accounts type full | |
| 2025-09-16 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-09-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-10 | AAMD | accounts | Accounts amended with accounts type full | |
| 2024-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-07 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | SH01 | capital | Capital allotment shares | |
| 2024-05-02 | AD03 | address | Move registers to sail company with new address | |
| 2024-05-02 | AD02 | address | Change sail address company with new address | |
| 2024-03-09 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-03-01 | SH01 | capital | Capital allotment shares | |
| 2024-03-01 | SH01 | capital | Capital allotment shares | |
| 2023-09-18 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2023-09-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-14 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 1
- 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 2024-09-30 vs 2023-09-30
-
Turnover
-3.6%
£37,269,830 £35,923,647
-
Cash
+174.7%
£76,644,922 £210,527,057
-
Net assets
+32.3%
£47,744,996 £63,146,034
-
Employees
-19.3%
300 242
-
Operating profit
+56.9%
-£24,426,983 -£10,533,729
-
Profit before tax
+68.8%
-£23,679,021 -£7,395,107
-
Wages
-9.5%
£24,088,955 £21,798,369
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