FLYWIRE PAYMENTS LIMITED

Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2020-12-31.

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

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.”

Group structure

1. FLYWIRE PAYMENTS LIMITED · parent
   1. Flywire Europe, UAB 100% · Lithuania
   2. WPM Education Limited 100% · United Kingdom
   3. WPM Payment Security Limited 100% · 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 and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +17.3%

  £14,490,744 → £16,996,626

• Cash

  +34.4%

  £2,923,751 → £3,930,725

• Net assets

  —

  Not reported

• Employees

  +16.1%

  31 → 36

• Operating profit

  +175.5%

  £360,176 → £992,446

• Wages

  +8.1%

  £2,755,428 → £2,978,310

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers