MOORWAND LTD

1. MOORWAND LTD 2016-11-11 → present
2. UPAYCARD LTD 2014-04-09 → 2016-11-11
3. MOORBANK ENTERPRISE LIMITED 2013-04-16 → 2014-04-09

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

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. MOORWAND LTD · parent
   1. Moorwand Solutions SRL 100% · Moldova
   2. Moorwand Spain SL 100% · Spain

Significant events

• “Following the launch of Digital Banking in December 2019, significant investment both in terms of technology and resource to create a scalable and robust solution that will play an increasingly important role in the group's commercial growth.”
• “During the financial period ending 31 October 2024, Digital Banking transaction fees increased by 77% compared to the previous year, additional PM's went live with the solution and approximately 46% of the Company's sales pipeline was made up of Digital Banking clients.”
• “In 2025, the group is continuing to invest in making BIN Sponsorship an efficient and scalable operation as well as enhancements to its Digital Banking services, both as an extension to BIN Sponsorship services in and as a standalone offering remaining dedicated to being a best in market enabler of state of the art payment solutions our clients seek to launch.”
• “Moorwand is due to launch a programme aimed at refugees affected by the war in Eastern Europe and making it easier for them to open a bank account, receive money, send money and spend money.”
• “Due to the United Kingdom ("UK") leaving the European Union ("EU"), that UK EMI passporting rights in the EU in accordance with the 2nd Payment Services Directive (PSD2) no longer applied from 1 January 2021. Whilst there was a lack of clarity on the terms of Brexit leading up to this date, Moorwand put in place a contingency plan through an Agency arrangement with an EEA based EMI that would allow the group to continue supporting European programmes post Brexit.”
• “The financial troubles at Wirecard AG in 2020 and more specifically the subsequent wind down of its UK subsidiary Wirecard Card Solutions Limited, and FCA regulated EMI, BIN Sponsor and direct competitor of Moorwand, created both risk and opportunity for Moorwand.”

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

  —

  Not reported

• Cash

  +47.9%

  £728,944 → £1,077,884

• Net assets

  +11.7%

  £1,355,234 → £1,513,669

• Employees

  0%

  10 → 10

• Wages

  +21.3%

  £852,192 → £1,033,694

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