TRUST PAYMENTS (UK) LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-23 (in 6mo)
Last made up 2025-11-09
Watchouts
None on the register
Cash
£151K
-5.4% vs 2023
Net assets
-£9M
-151.3% lowest in 4 filed years
Employees
70
+4.5% highest in 4 filed years
Profit before tax
-£5M
0% vs 2023
Net assets
7-year trend · vs Technology median
Accounts
7-year trend · latest reflected 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 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 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | 13.8% | — | -29.4% | — | -22.0% | -41.3% | |
| Net margin | — | 13.3% | — | -30.5% | — | -23.4% | -42.6% | |
| Return on capital employed | — | 41.5% | — | -472.9% | — | 121.0% | 69.6% | |
| Interest cover | — | 28.44x | — | -26.71x | — | -15.36x | -30.85x |
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
- 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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
+4.5%
£12,024,891 £12,560,334
highest in 4 filed years
-
Cash
-5.4%
£159,245 £150,588
-
Net assets
-151.3%
-£3,536,271 -£8,884,976
lowest in 4 filed years
-
Employees
+4.5%
67 70
highest in 4 filed years
-
Operating profit
-96.2%
-£2,641,725 -£5,183,592
lowest in 4 filed years
-
Profit before tax
0%
-£5,348,705 -£5,348,705
-
Wages
-1.1%
£2,486,969 £2,459,102
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