UK Companies House feature
FLYWIRE PAYMENTS LIMITED
Cash
£4M
+34.4% vs 2019
Net assets
£4M
+30.8% vs 2019
Employees
36
+16.1% vs 2019
Profit before tax
—
Period ending 2020-12-31
Profile
- Company number
- 07677601
- Status
- Active
- Incorporation
- 2011-06-21
- Last accounts made up
- 2023-12-31
- Account category
- FULL
- Primary SIC
- 66190
- Hubs
- UK Fintech
Cash
3-year trend · vs UK Fintech median
Accounts
3-year trend · latest 2020-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 |
|---|---|---|---|---|
| Turnover | — | £14,490,744 | £16,996,626 | |
| Operating profit | — | £360,176 | £992,446 | |
| Profit before tax | — | — | — | |
| Net profit | — | £196,452 | £723,553 | |
| Cash | — | £2,923,751 | £3,930,725 | |
| Total assets less current liabilities | — | £2,711,459 | £3,547,555 | |
| Net assets | — | — | — | |
| Equity | — | £2,711,459 | £3,547,555 | |
| Average employees | — | 31 | 36 | |
| Wages | — | £2,755,428 | £2,978,310 |
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)
- Auditor
- Moore Kingston Smith LLP
- 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
- Flywire Europe, UAB · 100% held · Lithuania
- WPM Education Limited · 100% held · United Kingdom
- WPM Payment Security Limited · 100% held · United Kingdom
Significant events
- “During 2024, three of the company's subsidiaries that were acquired as part of the acquisition of WPM Group in 2021 were dissolved: WPM Group Ltd, WPM Group Services Ltd and WPM Payments Ltd. This transaction is referred to as "Hive-up of the WPM Group business" in Note 25.”
- “In February 2024, Flywire announced a global restructuring plan designed to improve operational efficiencies, reduce operating costs, and better align our workforce. Headcount was reduced by 14% and £33M restructuring costs incurred.”
- “In March 2026, the directors resolved to capitalise amounts due to the parent undertaking of £40m, included in creditors, into equity to ensure the company maintains sufficient capital to meet the regulatory requirements.”
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
6 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MORGAN, Aled | Secretary | 2024-09-02 | — | — |
| BUTTERFIELD, Peter Tower | Director | 2016-05-04 | Aug 1964 | American |
| MARSH, Thomas James | Director | 2014-03-11 | Dec 1985 | British |
| MORGAN, Aled Llyr | Director | 2012-11-14 | Aug 1986 | British |
| ORGEL, Robert | Director | 2023-02-24 | Jun 1968 | American |
| WADE, Alan David | Director | 2025-09-16 | Feb 1987 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JAYAWARDENA, Shanaka | Director | 2024-12-12 | 2025-03-14 |
| MARCAIDE, Iker | Director | 2011-06-21 | 2014-09-16 |
| MASSARO, Michael Peter | Director | 2014-02-17 | 2023-02-24 |
| TIXI, Alessio | Director | 2012-11-14 | 2013-03-27 |
| VELAZQUEZ, Christian | Director | 2011-06-21 | 2012-09-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Flywire Corporation | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-05-26 | Active |
Filing timeline
Last 20 of 71 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-05-04 | AA | accounts | accounts with accounts type full |
| 2026-03-31 | SH01 | capital | capital allotment shares |
| 2025-09-17 | AP01 | officers | appoint person director company with name date |
| 2025-06-23 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-04-04 | TM01 | officers | termination director company with name termination date |
| 2024-12-13 | CH01 | officers | change person director company with change date |
| 2024-12-13 | AP01 | officers | appoint person director company with name date |
| 2024-10-07 | AA | accounts | accounts with accounts type full |
| 2024-09-02 | AP03 | officers | appoint person secretary company with name date |
| 2024-06-26 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-03-13 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2024-03-12 | PSC09 | persons-with-significant-control | withdrawal of a person with significant control statement |
| 2023-12-22 | AA | accounts | accounts with accounts type full |
| 2023-06-22 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-03-02 | TM01 | officers | termination director company with name termination date |
| 2023-03-02 | AP01 | officers | appoint person director company with name date |
| 2023-02-21 | AA | accounts | accounts with accounts type full |
| 2022-12-30 | RESOLUTIONS | resolution | resolution |
| 2022-12-30 | SH19 | capital | capital statement capital company with date currency figure |
| 2022-12-30 | CAP-SS | insolvency | legacy |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory