TRAVELEX CENTRAL SERVICES LIMITED

• ⚠

  Material uncertainty over going concern

  Company's ability to continue as a going concern is dependent on continued financial support from ultimate parent. Material uncertainty may cast significant doubt on the Company's ability to continue. Directors prepared financials on going concern but note material uncertainty from potential change of control event, risking asset realisation & liability discharge.

1. TRAVELEX CENTRAL SERVICES LIMITED 2005-04-19 → present
2. IBIS (922) LIMITED 2005-03-16 → 2005-04-19

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

“Company's ability to continue as a going concern is dependent on continued financial support from ultimate parent. Material uncertainty may cast significant doubt on the Company's ability to continue. Directors prepared financials on going concern but note material uncertainty from potential change of control event, risking asset realisation & liability discharge.”

Group structure

1. TRAVELEX CENTRAL SERVICES LIMITED · parent
   1. ATM Cloud Services US Inc 100% · United Kingdom
   2. Travelex Qatar QSC 49%
   3. Travelex (Thailand) Limited 62%
   4. Travelex & Co LLC (Oman) 70%
   5. Travelex Emirates Exchange LLC 40%
   6. Travelex Currency Exchange & Payments SDN BHD 70%
   7. Travelex Doviz Ticaret Yetkill Muessese A.S. 75%

Significant events

• “In 2024, there were no changes to the Group's Senior Financing Agreement and no incremental issuance of New Money Notes.”
• “On 15 April 2025, the Group reached agreement with the NMN holders to extend the expiry date of the New Money Notes until March 2029. The extension also includes a significantly reduced interest rate of 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

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -6.1%

  £81,709,000 → £76,718,000

• Cash

  -25.3%

  £9,309,000 → £6,954,000

• Net assets

  -1.5%

  £23,655,000 → £23,296,000

• Employees

  +14.6%

  1,980 → 2,270

• Operating profit

  -34.2%

  -£4,144,000 → -£5,561,000

• Profit before tax

  -287.5%

  £313,000 → -£587,000

• Wages

  +4.3%

  £25,852,000 → £26,975,000

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