IFX (UK) LTD

Company number

05422718

Status

Active

Incorporation

2005-04-12

Last accounts made up

2024-12-31

Account category

GROUP

Primary SIC

62012

Hubs

UK AI & Enterprise SaaS

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

Accounting basis

FRS 102

Reporting scope

Consolidated (group)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having considered the above factors, the directors have an expectation that the group has adequate financial resources to meet its operational need and continue to meet its obligations as they fall due for a period of at least twelve months from the signing of the financial statements and therefore the going concern basis has been adopted in preparing the financial statements.”

Subsidiaries

• IFX Payments Europe sp.z.o.o · 100% held · Poland · Payment services
• IFX Payments Pty Ltd · 100% held · Sydney NSW 2000 · Technology services
• IFX Payments Ltd · 100% held · London · Dormant
• IFX Securities Ltd · 100% held · London · Dormant
• Technique IO Limited · 100% held · London · Dormant
• Ibang Limited · 100% held · London · Dormant

Significant events

• “IFX anticipates that the business will continue to trade well and maintain its current growth strategy. The business remains committed to expanding our client reach and developing our service offering to provide scalable and holistic treasury and risk management services to our customers. The key strategic objectives for the next 12 months include: Accelerate customer onboarding times, Introduce forward contract reports onto the 'ibang' platform, Introduce more local payout and real time payment functionality, Introduce new auditable and measurable performance indicators across all back office functionality to improve client experience, Provide for local payment routes and trading capabilities for Dubai clients, Implement new AI tools to enhance transaction monitoring and onboarding systems to improve client experience and accelerate timeframes for compliance, Update and enhance ibanq API for simple and easy integration for financial intermediary clients, Undertake technological architecture transformation to enable scalable growth. The Group further continues to assess merger and acquisition opportunities within the market by way of stimulating growth and entering new markets and jurisdictions. IFX will evaluate targets that also provide for value-adding products and services that complement IFX's existing suite of services.”
• “Following the period end, the company raised £40m in capital from its parent comapany to pursue an opportunity to acquire Argentex Group Plc. The conditional acquisition was announced on 25 April 2025 and was structured as a scheme of arrangement. In connection with its offer, the company provided a bridge financing and revolving credit facility to Argentex Group Plc in the aggregate sum of £34m. The facility is secured, and such security includes fixed and floating charges over the chargors' assets. On 24 July 2025, Argentex Group Pic went into administration. With the consent of the Takeover Panel, the company invoked certain conditions to its offer, resulting in the offer lapsing. The company is liaising with the administrators in order maximise its recovery as a creditor.”

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