VISA EUROPE MANAGEMENT SERVICES LIMITED

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have adopted the going concern basis in preparing these financial statements having given due consideration to the liabilities of the Company, the financial resources available to meet its obligations and the consistent earnings growth over the years. The Directors have also considered the impact of severe but plausible downside stresses (macroeconomic uncertainty including recessions, inflation, and the associated impact of changes in interest rates, currency fluctuations, rising energy prices, supply chain issues and a slowdown of global trade, and reduced consumer, small business, government and corporate spending) in their assessment. The Company supplies all its services to Visa Europe Limited and will continue to do so for the foreseeable future. Visa Europe Limited's balance sheet has sufficient capacity to withstand significant interruption to its revenues without jeopardising either its capital or liquidity positions. The Directors are satisfied that the Company will have sufficient financial resources available to meet its obligations for a period of at least 12 months from the date of approval of these financial statements.”

Significant events

• “In August 2024, the Company distributed a dividend in the amount of €53.6 million to its immediate parent, Visa Europe Limited, comprising €2.6 million in cash and €51.0 million through intercompany settlements owed to the Company by Visa Europe Limited (2023: €Nil).”
• “A number of Polish retailers have brought interchange fee claims against the Company. The Company is of the view that it is possible that there will be an outflow of economic benefit associated with the Poland litigation. The claims that have been issued, served, and/or preserved seek, in aggregate, less than €100 million in damages. The timing of any potential outflows is uncertain at this stage. Visa Europe Limited will absorb all losses associated with the Poland litigation and any other claims and will recognise any required losses or related settlements in its accounts. Therefore, no such losses will be recognised in the Company's financial statements.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  +13.5%

  £144,939,320 → £164,495,492

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  +11.8%

  553 → 618

• Operating profit

  +15.8%

  £9,374,133 → £10,859,917

• Profit before tax

  +15.3%

  £9,191,227 → £10,592,926

• Wages

  +8.8%

  £66,373,093 → £72,180,999

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