THE PAYMENT SYSTEMS REGULATOR LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-15 (in 11mo)
Last made up 2026-04-01
Watchouts
Cash
£15M
+1% vs 2024
Net assets
£5M
-27.4% vs 2024
Employees
186
+25.7% vs 2024
Profit before tax
—
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
A material uncertainty exists that may cast significant doubt on the Payment System Regulator's ability to continue a going concern.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £27,338,000 | £26,174,000 | |
| Operating profit | — | — | |
| Profit before tax | — | — | |
| Net profit | £4,569,000 | -£1,885,000 | |
| Cash | £14,641,000 | £14,790,000 | |
| Total assets less current liabilities | £6,889,000 | £5,004,000 | |
| Net assets | £6,889,000 | £5,004,000 | |
| Equity | £6,889,000 | £5,004,000 | |
| Average employees | 148 | 186 | |
| Wages | £12,287,000 | £15,710,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Net margin | 16.7% | -7.2% | |
| Gearing (liabilities / total assets) | 64.7% | 70.3% |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Gareth Davies, Comptroller and Auditor General
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“A material uncertainty exists that may cast significant doubt on the Payment System Regulator's ability to continue a going concern.”
Significant events
- “APP scams reimbursement requirement comes into effect on 7 October 2024.”
- “Card fees market review: cross-border interchange fees final report published in December 2024.”
- “Compliance monitoring framework published in February 2025.”
- “Report into how fraudsters exploit digital platforms published in December 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAY, Sarah | Secretary | 2022-05-18 | — | — |
| ALDER, Ashley Ian | Director | 2026-01-26 | Jun 1959 | British |
| BUCKLEY, Andrew James, Dr | Director | 2024-09-23 | Feb 1965 | British |
| GEALE, David Brian | Director | 2020-02-14 | Apr 1971 | British |
| MILLS, Sheldon | Director | 2024-06-13 | Jun 1976 | British |
| RUSU, Jessica Lauren | Director | 2024-11-11 | Jun 1980 | British,American |
| STOIMENOVA, Lara Dimitrova, Dr | Director | 2024-03-07 | Apr 1972 | British |
| WHITTINGTON, Joanna Sarah | Director | 2023-09-01 | Dec 1966 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PEARCE, Simon Marshall | Secretary | 2014-04-01 | 2022-05-18 |
| BAILEY, Andrew, Dr | Director | 2016-07-01 | 2020-03-13 |
| BEGENT, Carole | Director | 2015-07-01 | 2019-09-09 |
| BUCKLEY, Louise | Director | 2019-04-06 | 2019-09-09 |
| FALCON, Mark | Director | 2015-07-01 | 2015-09-08 |
| FLETCHER, Amelia, Professor | Director | 2014-04-01 | 2020-03-31 |
| FRIED, Bradley | Director | 2016-04-01 | 2018-06-30 |
| GORDON, Noel Anthony Salvatore Stephen | Director | 2016-04-01 | 2020-07-31 |
| GRIFFITH-JONES, John Guthrie | Director | 2014-04-01 | 2018-03-31 |
| HEMSLEY, Christopher John | Director | 2019-04-06 | 2024-06-07 |
| KNAPP, Edward Stephen | Director | 2023-09-18 | 2025-09-25 |
| NIXON, Hannah | Director | 2014-07-14 | 2019-04-05 |
| POMEROY, Brian Walter, Sir | Director | 2014-04-01 | 2016-03-31 |
| RANDELL, Charles David | Director | 2018-04-01 | 2022-04-01 |
| REYNOLDS, Faith | Director | 2021-04-12 | 2024-04-10 |
| RICKETTS, Simon Anthony | Director | 2017-07-01 | 2024-06-30 |
| STACE, Nick Charles | Director | 2019-04-01 | 2020-01-29 |
| STARKS, Mary Louise | Director | 2014-04-01 | 2014-07-14 |
| VALLETTI, Tommaso, Professor | Director | 2020-04-01 | 2025-11-04 |
| WALSH, Aidene Frances | Director | 2020-06-01 | 2026-01-25 |
| WHEATLEY, Martin | Director | 2014-04-01 | 2015-09-11 |
| WOOLARD, Christopher | Director | 2014-04-01 | 2020-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Financial Conduct Authority | Corporate entity | Shares 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 76 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-08 | CH01 | officers | Change person director company with change date | |
| 2026-04-03 | CH01 | officers | Change person director company with change date | |
| 2026-01-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-06 | AA | accounts | Accounts with accounts type full | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-18 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-4.3%
£27,338,000 £26,174,000
-
Cash
+1%
£14,641,000 £14,790,000
-
Net assets
-27.4%
£6,889,000 £5,004,000
-
Employees
+25.7%
148 186
-
Wages
+27.9%
£12,287,000 £15,710,000
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