GIESECKE+DEVRIENT CURRENCY TECHNOLOGY GB LTD

1. GIESECKE+DEVRIENT CURRENCY TECHNOLOGY GB LTD 2017-07-03 → present
2. GIESECKE & DEVRIENT CURRENCY TECHNOLOGY GB LTD 2016-09-01 → 2017-07-03
3. CURRENCY TECH LIMITED 2002-02-19 → 2016-09-01

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 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors' assessment of going concern has considered trading for the period of at least 12 months from the approval date of the financial statements. In addition, the directors have considered the uncertainty of future cash flows on forecasts up to December 2026. In the severe but plausible downside scenario considered the business continues to generate positive cashflows and therefore risk is deemed low.”

Significant events

• “Total sales in 2024 decreased from last year's £15,594k to £14,170k. This was due to a number of elements in line with our strategic change of product mix.”
• “Last year's revenue included one-off non-repeatable high-speed banknote machine sales, which was partially offset by a 100% increase in smaller cash processing machine sales.”
• “Service revenue remained static with the exception of one-off currency adaptations for the new Bank of England King Charles III banknotes in 2024.”
• “Profit after tax increased from a profit of £440k in 2023 to a profit of £459k in 2024.”
• “The company aims to further increase sales in smaller cash and coin processors and further develop our relationships with central banks, cash centres, cash-in-transit providers and the wider commercial market.”
• “The growth strategy also includes increased third-party installation and service contracts, cash recycling and increased digital connectivity of machines and software analytics.”

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

Filings

5

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

  -9.1%

  £15,594,124 → £14,169,919

• Cash

  +25.1%

  £3,153,843 → £3,944,552

• Net assets

  +5.9%

  £4,416,832 → £4,675,391

• Employees

  +11.9%

  84 → 94

• Operating profit

  +12.3%

  £560,505 → £629,467

• Profit before tax

  +13.8%

  £566,691 → £644,909

• Wages

  +22.9%

  £4,208,785 → £5,172,337

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