IHS MARKIT KYC SERVICES LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. IHS MARKIT KYC SERVICES LIMITED 2017-07-04 → present
2. MARKIT GENPACT KYC SERVICES LIMITED 2014-05-02 → 2017-07-04

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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has net current liabilities and Shareholders' deficit as at 31 December 2024, and generated a profit for the period. S&P Global Inc., the ultimate parent undertaking, has provided a letter of support committing to ensure the provision of sufficient funds to enable the Company to meet its liabilities for a period until 30 June 2026, which is the going concern period as defined by the Directors.. The S&P Global group has sufficient cash and liquidity to meet ongoing working capital and capital expenditure needs of the group. The result of this is expected to leave the S&P Global group in a positive cash position in twelve months and demonstrates the underlying strength of the business' group and strategy. Any scenario which would see a sufficient decline in forecast results to threaten the going concern status of the group in this period is deemed remote based on recent operating results, a history of accurate forecasting and other mitigating items available to the group. On the basis of their assessment of the Company's financial position where it has sufficient cash to cover all external liabilities and of the enquiries made of and letter of support received from S&P Global Inc., the directors have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future, Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “On 1 October 2024, the Company was transferred from S&P Global Limited to IHS Markit UK Investments Limited, as part of a wider legal entity rationalization project, and will be deemed its immediate parent company.”
• “There have been no significant post balance sheet events and non-adjusting events after the reporting period to disclose.”

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

Filings

9

last 12 months

Capital events

5

last 24 months

Officers appointed

0

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

  -21.7%

  £2,482,580 → £1,942,921

• Cash

  -44.5%

  £416,605 → £231,282

• Net assets

  +5.8%

  -£28,461,082 → -£26,810,971

• Employees

  —

  Not reported

• Operating profit

  -19.3%

  £2,055,597 → £1,659,007

• Profit before tax

  -19.4%

  £2,054,114 → £1,655,300

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