LINK SCHEME LTD

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

Consolidated group

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Board regularly reviews the financial position of the company in addition to the principal risks and uncertainties that it faces. The Board has undertaken a review of the group and company's ability to continue as a going concern, including its latest budgets and forecasts. The annual budget has been agreed based on a conservative view of likely LINK transaction volumes and, in conjunction with the satisfactory capital and reserves position brought forward, is sufficient to enable the group to operate for at least the next 12 months. Financial modelling based on extreme but plausible scenarios, including an acceleration in the decline of transaction volumes from forecast levels, show that LINK has sufficient funds to operate over a much longer period. The Board will continue to keep the long-term funding of the Scheme under review, including as part of the normal annual budget-setting process. The Board is therefore satisfied that it is appropriate for the financial statements to be prepared on a going concern basis.”

Significant events

• “Total transaction volumes in 2024 were 1,388 million, a 7% reduction on 2023.”
• “The total value of cash dispensed in 2024 was £80.0 billion, a reduction of 2% on 2023, and aligned to the increasing average withdrawal value.”
• “LINK's access to cash role also includes acting as a coordination body, having been designated as such by the Treasury on 24 May 2024.”
• “The National Payments Vision (NPV) was published on 14 November 2024 and sets out the Government's ambition for a 'trusted, world-leading payments ecosystem delivered on next-generation technology, where consumers and businesses have a choice of payment methods to meet their needs'.”
• “LINK has completed a feasibility study on the introduction of contactless ATM transactions to the LINK network.”
• “The LINK team headcount grew in 2024 by 16%. From the original team of 9 in 2016, headcount is now at 80 full time equivalents (FTEs).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +8.6%

  £13,364,814 → £14,518,949

• Cash

  +0.7%

  £24,456,415 → £24,627,918

• Net assets

  -2.8%

  £11,009,827 → £10,700,285

• Employees

  +11.4%

  70 → 78

• Operating profit

  -163.9%

  -£654,618 → -£1,727,763

• Profit before tax

  -489.8%

  -£116,571 → -£687,535

• Wages

  +16.5%

  £5,451,635 → £6,352,064

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers