TRAVELEX AGENCY SERVICES LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1 to the financial statements which indicates that the Company's ability to continue as a going concern is dependent on the continued financial support from its ultimate parent company, Travelex International Limited. The financial statements of Travelex International Limited include a material uncertainty related to going concern and therefore the availability of support may be in doubt if required. These events and conditions, along with the other matters explained in note 1, constitute a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.

1. TRAVELEX AGENCY SERVICES LIMITED 2004-01-07 → present
2. TRAVELEX MT SERVICES LIMITED 2003-04-02 → 2004-01-07
3. IBIS (813) LIMITED 2002-12-19 → 2003-04-02

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1 to the financial statements which indicates that the Company's ability to continue as a going concern is dependent on the continued financial support from its ultimate parent company, Travelex International Limited. The financial statements of Travelex International Limited include a material uncertainty related to going concern and therefore the availability of support may be in doubt if required. These events and conditions, along with the other matters explained in note 1, constitute a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “During 2024, foreign currency totalling the equivalent of £7,000 (2023: nil) was sold to key management personnel.”
• “On 15 April 2025, Travelex reached an agreement with the NMN holders to extend the maturity of the NMNS to March 2029 with a significantly reduced rate of interest at 3.01%. As part of the extension, the principal shareholders and New Money Note Holders also agreed to provide an additional £12m of funding to the Group if a binding agreement for the sale of the Group is not agreed by 30 September 2025.”

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

1

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

  +7.2%

  £41,773,000 → £44,769,000

• Cash

  -22.9%

  £6,722,000 → £5,185,000

• Net assets

  -16.6%

  -£7,345,000 → -£8,561,000

• Employees

  +1.8%

  1,417 → 1,443

• Operating profit

  +211.7%

  -£206,000 → £230,000

• Profit before tax

  +31.5%

  -£1,776,000 → -£1,216,000

• Wages

  +8.5%

  £25,002,000 → £27,126,000

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