UK Companies House feature
EURO EXCHANGE SECURITIES UK LIMITED
Cash
£23M
+105.6% vs 2023
Net assets
£2M
-20.8% vs 2023
Employees
14
0% vs 2023
Profit before tax
-£787K
-469.4% vs 2023
Profile
- Company number
- 06409565
- Status
- Active
- Incorporation
- 2007-10-25
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Net assets
3-year trend · vs UK Fintech median
Accounts
3-year trend · latest 2024-12-31
| Metric | Trend | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | — | £1,851,431 | £2,198,449 | |
| Operating profit | — | -£304,301 | -£476,218 | |
| Profit before tax | — | -£138,253 | -£787,278 | |
| Net profit | — | -£233,016 | -£689,331 | |
| Cash | £49,394,793 | £11,088,976 | £22,803,721 | |
| Total assets less current liabilities | — | — | — | |
| Net assets | — | £2,697,601 | £2,136,080 | |
| Equity | £2,948,040 | £2,697,601 | £2,136,080 | |
| Average employees | — | 14 | 14 | |
| Wages | — | £414,308 | £513,351 |
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
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Warrener Stewart
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Subsidiaries
- Euro Exchange Payments S.L. · 100% held · Spain · Payment services
Significant events
- “During 2024, the company continued with the process of preparing its application to become a principal member of another major card system, Visa, with the achievement of approval in late 2025.”
- “after the success of fully completing our platform testing with Mastercard late in 2023 we began to offer it to our client base, which we project will continue to grow in the following years.”
- “In parallel, we continued our business development efforts to expand our banking partners to further our client offerings to build a stronger competitive advantage in a fastgrowing market.”
- “As a result of Brexit, the company has wound up its operations across the European Union in an orderly manner and focused on the plans to remodel its national operations as well as to continue redefining its international business development priorities.”
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
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GASPARINI, Luis Alberto | Director | 2007-12-06 | Sep 1956 | Italian |
| GASPARINI JR., Luis Alberto | Director | 2021-01-11 | Mar 1990 | Italian |
| RAMJIAWAN, Sasha, Mr. | Director | 2025-04-22 | Jan 1969 | Canadian |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCLARENS CO SEC LTD | Corporate Secretary | 2007-10-25 | 2015-04-01 |
| GASPARINI, Estefania | Director | 2018-08-21 | 2021-03-25 |
| GASPARINI, Giancarlo | Director | 2019-03-06 | 2025-03-31 |
| GASPARINI (JUNIOR), Luis Alberto | Director | 2008-09-11 | 2010-11-18 |
| GLEAVE, Gavin John | Director | 2008-06-03 | 2008-09-11 |
| WILSON, Scott | Director | 2013-04-25 | 2013-07-26 |
| MCLAREN COFORM LIMITED | Corporate Director | 2007-10-25 | 2007-12-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Luis Alberto Gasparini | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 78 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-12-19 | AA | accounts | accounts with accounts type full |
| 2025-08-14 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-08-13 | AD02 | address | change sail address company with old address new address |
| 2025-04-22 | AP01 | officers | appoint person director company with name date |
| 2025-03-31 | TM01 | officers | termination director company with name termination date |
| 2025-01-06 | AA | accounts | accounts with accounts type full |
| 2024-08-21 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-11-01 | AA | accounts | accounts with accounts type full |
| 2023-09-02 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-01-04 | AA | accounts | accounts with accounts type full |
| 2022-08-01 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-01-02 | AA | accounts | accounts with accounts type full |
| 2021-08-19 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-03-30 | TM01 | officers | termination director company with name termination date |
| 2021-01-28 | AP01 | officers | appoint person director company with name date |
| 2020-11-27 | AA01 | accounts | change account reference date company current extended |
| 2020-11-18 | AA | accounts | accounts with accounts type full |
| 2020-09-28 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2019-12-31 | AAMD | accounts | accounts amended with accounts type full |
| 2019-12-13 | AD03 | address | move registers to sail company with new address |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
-0.49
DISTRESS
Altman Z″
- Working capital / Total assets -0.070 × 6.56 = -0.46
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -0.017 × 6.72 = -0.12
- Book equity / Total liabilities 0.084 × 1.05 = +0.09
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory