BACS PAYMENT SCHEMES LIMITED

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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-11-26 (in 6mo)

Last made up 2025-11-12

Watchouts

1 item

Cash

£1M

-84.3% vs 2023

Net assets

£2M

0% vs 2023

Employees

—

Average over period

Profit before tax

£378

+604% vs 2023

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Material uncertainty over going concern

The Directors intend to transfer the remaining trade of Bacs Payment Schemes Limited to Pay.UK Limited within 12 months of approval of these financial statements and liquidate the Company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern.

Net assets

2-year trend · vs Industrials median

BACS PAYMENT SCHEMES LIMITED·Industrials median · n=6236

Accounts

2-year trend · latest reflected 2024-12-31

Metric	2023-12-31	2024-12-31
Turnover	£17,188,631	£18,510,575
Operating profit	-£286,966	-£68,381
Profit before tax	-£75	£378
Net profit	£0	£0
Cash	£9,489,560	£1,493,996
Total assets less current liabilities	£1,944,197	£1,944,197
Net assets	£1,944,197	£1,944,197
Equity	£1,944,197	£1,944,197
Average employees	—	—
Wages	—	—

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	2023-12-31	2024-12-31
Operating margin	-1.7%	-0.4%
Net margin	0.0%	0.0%
Return on capital employed	-14.8%	-3.5%
Current ratio	1.06x	1.19x

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 102
Reporting scope: Standalone (parent only)
Auditor: BDO LLP
Audit opinion: Unqualified (clean)
Going concern: Material uncertainty disclosed
“The Directors intend to transfer the remaining trade of Bacs Payment Schemes Limited to Pay.UK Limited within 12 months of approval of these financial statements and liquidate the Company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern.”

Significant events

“In 2024, the Company returned £17 million of deferred income to its participants. This amount was accumulated from prior years' excess income over costs and was returned in accordance with the parent company's board decision. The distribution was made following a review of future forecasts and in line with the participants' agreement. This resulted in a reduction of the Company's cash and bank balance to £1.5m (2023: £9.5m).”
“Intercompany balance also decreased following the return of £11.5m of the £20m that was held in the parent company.”
“The reduction in the accruals and deferred income is primarily attributable to the return of £17 million during the year to Current Account Switch Service and CISA participants.”

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

People

2 active · 98 resigned

Name	Role	Appointed	Born	Nationality
ELLIS, Michael John	Director	2022-08-01	Mar 1965	British
PITT, David Francis	Director	2021-12-31	Oct 1968	British

Show 98 resigned officers

Name	Role	Appointed	Resigned
BURNS, John Duncan, Mr.	Secretary	2006-04-06	2008-05-22
STAMP, Ewen George Morrell	Secretary	2003-11-12	2006-04-01
M & R SECRETARIAL SERVICES LIMITED	Corporate Secretary	2008-05-22	2009-12-17
UK PAYMENTS ADMINISTRATION LIMITED	Corporate Secretary	2009-12-17	2020-12-21
ALI, Imran	Director	2014-08-11	2015-12-01
ALI, Imran	Director	2014-05-20	2014-08-11
ALI, Imran	Director	2012-09-24	2014-03-17
ANDERSON, Richard Charles	Director	2018-10-24	2021-12-31
ASHTON, Christine Hilary	Director	2018-10-24	2021-12-31
ASHWORTH, Nigel John	Director	2003-11-27	2006-06-21
BAILEY, Thomas Stuart	Director	2018-01-31	2018-07-25
BANSAL, Anupam	Director	2008-02-07	2014-05-20
BARBER, Jane Alison	Director	2015-05-15	2016-03-11
BARBER, Jane Alison	Director	2008-12-01	2012-08-31
BATTEY, Ernest Stephen	Director	2005-02-21	2007-11-29
BEATON, Ailsa Elizabeth	Director	2013-09-01	2018-10-24
BELMORE, Douglas Anthony William	Director	2010-02-04	2018-10-24
BENZ, Jonathan Philip Otto	Director	2013-09-16	2017-07-04
BETTERIDGE, Steven	Director	2003-11-27	2005-02-14
BILGIN, Resat	Director	2017-07-24	2018-06-05
BOTTOMLEY, Peter	Director	2008-02-14	2009-07-31
BRADLEY, David Neil	Director	2008-02-26	2009-06-15
BRADLEY, David	Director	2003-11-27	2006-01-03
BRODIE, Brian Edward	Director	2012-02-02	2012-05-16
BROWN, Alan	Director	2005-05-17	2007-10-19
BURNS, Gerard	Director	2015-12-14	2018-04-30
BURNS, John Duncan, Mr.	Director	2006-04-06	2006-04-06
CALLAGHAN, Graham Dominick	Director	2006-09-25	2008-04-10
CHAMBERS, Michael Paul	Director	2003-11-12	2018-05-04
CLARE, Andrew Nicholas	Director	2005-11-01	2006-11-01
CLARK, Martin	Director	2012-01-18	2014-08-11
COOPER, Elizabeth Jayne	Director	2015-10-15	2018-06-17
COOPER, Elizabeth Jayne	Director	2011-09-01	2015-10-15
CORDIER, Heather	Director	2003-11-27	2005-08-28
CROSSLAND, Nicholas Peter	Director	2010-10-28	2011-08-18
CUBBON, James Andrew	Director	2003-11-27	2006-04-01
CURRAN, Liam	Director	2017-01-23	2017-12-04
CURTIS, John Trevor	Director	2003-11-27	2008-02-28
D'ARCY, Nicola	Director	2010-03-25	2011-09-01
D'ARCY, Nicola	Director	2006-04-01	2009-01-12
DE BUNSEN, Sarah	Director	2013-05-10	2015-06-05
DE BUNSEN, Sarah	Director	2012-09-25	2013-05-01
DE BUNSEN, Sarah	Director	2007-02-28	2012-05-31
DHALA, Akbar	Director	2005-03-03	2009-06-30
DONALD, Graeme John	Director	2014-02-20	2018-01-31
DUFF, Alan	Director	2017-07-11	2018-05-17
DUFF, Alan	Director	2013-09-16	2017-01-30
DUFF, Alan	Director	2011-09-19	2013-09-12
DUFF, Alan	Director	2011-02-14	2011-08-18
ELLIS, Stephen John	Director	2005-03-03	2008-02-29
ELWORTHY, Alison	Director	2012-09-01	2015-05-15
FINCH, Richard Connor	Director	2009-06-22	2010-10-28
FINCH, Richard Connor	Director	2006-01-03	2007-07-16
FLETCHER, Gary	Director	2004-04-08	2007-01-17
FROST, Timothy David Paul	Director	2008-01-24	2009-11-04
FROST, Timothy David Paul	Director	2003-11-27	2007-11-29
GLOVER, Paul Philippe	Director	2003-11-27	2005-08-31
GRAY, Paul	Director	2003-11-27	2005-03-22
GREEN, Stephen John	Director	2003-11-27	2010-03-24
GREIG, David Robert	Director	2006-06-21	2015-05-15
GRICE, Andrew David	Director	2013-05-01	2015-06-05
HASSAN, Vicki Louise	Director	2017-12-04	2018-06-13
HAUGHTON, Janet	Director	2003-11-27	2011-04-01
HAWKINS, Valerie Ann	Director	2009-06-15	2010-10-28
HENRY, Catherine	Director	2003-11-27	2004-04-08
HENRY, Martin David	Director	2015-09-24	2018-04-30
HENRY, Martin David	Director	2014-11-12	2015-09-24
HENSLEY, David Brian	Director	2007-10-31	2010-03-24
HUNT, Matthew Paul	Director	2021-12-31	2022-08-01
HUNT, Matthew	Director	2012-09-18	2013-05-01
HUTCHISON, Keith Murray	Director	2006-01-26	2008-07-25
JEFFERSON, John	Director	2008-01-28	2014-09-29
JONES, Denise June	Director	2003-12-01	2006-10-01
KENNEDY, Jonathan Michael	Director	2011-08-18	2012-02-02
KENRICK, Joanne Louise	Director	2016-12-13	2018-10-24
KETTLE, Garry Ronald Daniel	Director	2003-11-27	2006-01-26
KIDD, Edwina Jane	Director	2008-02-13	2009-11-04
LEA, William Finn	Director	2004-04-01	2006-11-22
LEATHER, John Francis	Director	2009-11-06	2010-08-13
LENNON, Katherine Julie	Director	2017-07-07	2018-10-24
LIGHTOWLER, Tervor Hugh	Director	2014-03-05	2014-11-12
LIGHTOWLER, Trevor Hugh	Director	2015-09-24	2018-04-30
LIGHTOWLER, Trevor Hugh	Director	2014-11-12	2015-09-24
LONG, Shirley	Director	2014-09-29	2016-07-04
MACKINTOSH, Roger	Director	2006-01-06	2009-06-22
MACRORY, Andree Barbara	Director	2007-04-03	2011-11-11
MALLEY, David Jonathan	Director	2017-07-07	2018-10-24
MALLEY, David Jonathan	Director	2016-03-11	2017-07-07
MALLEY, David Jonathan	Director	2015-05-15	2016-03-11
MALTMAN, Jonathan Torquil	Director	2006-05-31	2014-05-09
MANN, Christopher Paul	Director	2006-11-22	2007-07-30
MANN, Christopher Paul	Director	2003-11-27	2006-03-20
MARTIN, James Charles Mclay	Director	2007-01-22	2008-01-21
MARTIN, Melanie	Director	2015-01-09	2018-04-30
MCBURNIE, Alan	Director	2003-11-27	2005-03-10
MCCOMB, Thomas Andrew	Director	2006-05-01	2016-12-13
MCGOVERN, Martin	Director	2013-05-13	2014-03-05
MCKNIGHT, Joseph Vincent	Director	2010-12-01	2013-05-09

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Pay.Uk Limited	Corporate entity	Voting 75–100%	2018-04-30	Active

Filing timeline

Last 20 of 400 total filings

Date	Type	Category	Description
2025-11-14	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2025-09-22	CH01	officers	Change person director company with change date	PDF
2025-07-30	AA	accounts	Accounts with accounts type full
2025-07-24	AD01	address	Change registered office address company with date old address new address	PDF
2024-11-26	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-08-22	AA	accounts	Accounts with accounts type full
2023-11-13	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-08-16	AA	accounts	Accounts with accounts type full
2022-11-16	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-10-01	AA	accounts	Accounts with accounts type full
2022-08-12	AP01	officers	Appoint person director company with name date	PDF
2022-08-12	TM01	officers	Termination director company with name termination date	PDF
2022-01-05	AP01	officers	Appoint person director company with name date	PDF
2022-01-04	TM01	officers	Termination director company with name termination date	PDF
2022-01-04	TM01	officers	Termination director company with name termination date	PDF
2022-01-04	AP01	officers	Appoint person director company with name date	PDF
2021-11-12	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-09-28	AA	accounts	Accounts with accounts type full
2020-12-21	TM02	officers	Termination secretary company with name termination date	PDF
2020-11-12	CS01	confirmation-statement	Confirmation statement with no updates	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 4
Capital events: 0
Officers appointed: 0
Officers resigned: 0

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

+7.7%

£17,188,631 £18,510,575
Cash

-84.3%

£9,489,560 £1,493,996
Net assets

0%

£1,944,197 £1,944,197
Employees

—

Not reported
Operating profit

+76.2%

-£286,966 -£68,381
Profit before tax

+604%

-£75 £378

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

Official Companies House page