UK Companies House feature
TRUST PAYMENTS (UK) LTD
Cash
£151K
-5.4% vs 2023
Net assets
-£9M
-151.3% vs 2023
Employees
70
+4.5% vs 2023
Profit before tax
-£5M
0% vs 2023
Profile
- Company number
- 04591066
- Status
- Active
- Incorporation
- 2002-11-15
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62090
Net assets
7-year trend · vs UK AI & Enterprise SaaS median
Accounts
7-year trend · latest 2024-12-31
| Metric | Trend | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £9,536,934 | — | £11,360,341 | — | £12,024,891 | £12,560,334 | |
| Operating profit | — | £1,312,499 | — | -£3,336,479 | — | -£2,641,725 | -£5,183,592 | |
| Profit before tax | — | £1,266,344 | — | -£3,461,398 | — | -£5,348,705 | -£5,348,705 | |
| Net profit | — | £1,266,344 | — | -£3,461,398 | — | -£2,813,717 | -£5,348,705 | |
| Cash | — | £48,045 | — | £234,872 | — | £159,245 | £150,588 | |
| Total assets less current liabilities | — | £3,161,141 | — | £705,544 | — | -£2,182,722 | -£7,447,864 | |
| Net assets | — | £2,738,844 | — | -£722,554 | — | -£3,536,271 | -£8,884,976 | |
| Equity | £1,368,022 | £2,738,844 | £2,738,844 | -£722,554 | -£722,554 | -£3,536,271 | -£8,884,976 | |
| Average employees | — | 57 | — | 69 | — | 67 | 70 | |
| Wages | — | £1,051,291 | — | £2,903,792 | — | £2,486,969 | £2,459,102 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered the above factors, the directors believe that the company is able to manage its risk satisfactorily and have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future and at least 12 months from the signing date of these financial statements. As a result, the directors have concluded that no material uncertainty that would cast significant doubt over the company's ability to continue as a going concern exists.”
Significant events
- “In December 2024, Cordet facilitated a further £15m facility made available to support the Group through a restructure of its operations and in June 2025 also provided a further £3.25m as a regulatory requirement. The new facility is repayable in December 2027.”
- “All other existing debt was refinanced in December 2024 and was extended until March/April 2028.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOOTH, Laurence | Director | 2024-10-03 | Jun 1977 | British |
| VELIKOV, George Todorov | Director | 2020-06-01 | Sep 1989 | Bulgarian |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOLDEN, Daniel Ian | Secretary | 2011-09-14 | 2024-10-31 |
| ROBINSON, Robert John | Secretary | 2002-11-19 | 2011-09-14 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Secretary | 2002-11-15 | 2002-11-19 |
| BLAKEMORE, Mark Allen | Director | 2012-06-01 | 2013-09-18 |
| BOYLAN, Patrick John | Director | 2013-01-21 | 2015-02-18 |
| HOLDEN, Daniel Ian | Director | 2011-09-14 | 2024-10-31 |
| MEYER, Phillipus Stefanus | Director | 2002-12-10 | 2003-09-01 |
| PAULSEN, Jacobus Adriaan | Director | 2003-09-01 | 2019-04-17 |
| PAULSEN, Jacobus Adriaan | Director | 2002-11-19 | 2002-12-10 |
| ROBINSON, Robert John | Director | 2002-11-19 | 2011-09-14 |
| LONDON LAW SERVICES LIMITED | Corporate Nominee Director | 2002-11-15 | 2002-11-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Trust Payments Ltd | Corporate entity | Shares 75–100% | 2019-05-08 | Active |
| Securetrading Group Ltd | Corporate entity | Shares 75–100% | 2016-11-01 | Ceased 2019-05-08 |
Filing timeline
Last 20 of 136 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-01-27 | RP01AP01 | officers | replacement filing of director appointment with name |
| 2025-12-19 | AA | accounts | accounts with accounts type full |
| 2025-11-10 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-06-30 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-02-04 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-12-04 | TM02 | officers | termination secretary company with name termination date |
| 2024-11-22 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-11-18 | TM01 | officers | termination director company with name termination date |
| 2024-10-30 | AA | accounts | accounts with accounts type full |
| 2024-10-08 | AP01 | officers | appoint person director company with name date |
| 2023-11-09 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-11-01 | AD01 | address | change registered office address company with date old address new address |
| 2023-09-19 | AA | accounts | accounts with accounts type full |
| 2022-11-28 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-05-04 | CH01 | officers | change person director company with change date |
| 2022-04-04 | AA | accounts | accounts with accounts type small |
| 2022-03-10 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2021-12-17 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2021-11-09 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-11-03 | CH01 | officers | change person director company with change date |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
-7.16
DISTRESS
Altman Z″
- Working capital / Total assets -0.801 × 6.56 = -5.26
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -0.239 × 6.72 = -1.60
- Book equity / Total liabilities -0.290 × 1.05 = -0.30
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory