UK FINANCE LIMITED

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. UK FINANCE LIMITED 2019-01-28 → present
2. NEWTA LIMITED 2016-06-24 → 2019-01-28

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

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After considering the above, the directors are satisfied that the Company has sufficient liquidity to meet obligations as they fall due for at least one year from the date the financial statements are approved, and that UK Finance will continue to operate as a going concern.”

Significant events

• “We issued a financial services manifesto which outlined a range of policy ideas that the sector would like to see taken forward.”
• “The industry prevented over £710 million of unauthorised fraud.”
• “Successfully delivered an enhanced claims management system for Authorised Push Payment (APP) fraud mandatory reimbursement.”
• “The Payment Systems Regulator (PSR) adopted our suggestion of £85,000 as the APP reimbursement threshold instead of £415,000.”
• “The 100th banking hub was opened during the year.”
• “We saw nine out of the ten recommendations we made in our consultation response to the Prudential Regulation Authority on its implementation of Basel adopted.”
• “Our advocacy helped convince the government to continue funding for home retrofit, as seen in the Budget.”
• “We maintained a 97 per cent member satisfaction rate in our annual member survey.”
• “UK Finance is committed to the HM Treasury Women in Finance Charter and has achieved 40 per cent female representation within senior management.”
• “During 2024 we undertook our annual colleague engagement survey with Best Companies and were rated 'One to Watch'.”
• “As a London Living Wage employer, UK Finance is proud to be a supporter of the Living Wage Foundation.”
• “UK Finance is proud to be signed up to the Prompt Payment Code.”
• “The Prompt Payment Code ceased to operate on 3 December 2024 and has been replaced by the Fair Payment Code.”
• “Our balance sheet deficit was eliminated and our net assets were £328k at 31 December 2024.”

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

Filings

14

last 12 months

Capital events

0

last 24 months

Officers appointed

6

last 12 months

Officers resigned

6

last 12 months

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

• Turnover

  -6.3%

  £59,225,817 → £55,467,233

• Cash

  +84.1%

  £6,716,091 → £12,361,134

• Net assets

  +121.9%

  -£1,502,841 → £328,440

• Employees

  +2.4%

  248 → 254

• Operating profit

  -51.8%

  £1,912,336 → £921,471

• Profit before tax

  -28.5%

  £2,561,391 → £1,831,281

• Wages

  +5.1%

  £22,083,451 → £23,217,919

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