CASH ACCESS UK LIMITED

• ◆

  4 officer resignations in last 12 months

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

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

Azets Chartered Accountants & Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have conducted a thorough evaluation of the company's ability to maintain its operations as a going concern for at least a 12-month period following the signing date of the financial statements. This assessment involved a detailed analysis of the company's funding model, which requires contractual commitments from member firms to sustain the company's operations throughout 2025 and 2026. This arrangement, therefore, fosters a high level of confidence regarding the company's projected revenue and cash flow. Additionally, the funding model requires an instant-access cash reserve, to be replenished annually by member firms. The current ratio for this cash reserve stands at 25% for the years 2024 and 2025, with this ratio set to persist as the default for 2026 unless otherwise mutually agreed upon by the members. The company has also reviewed its budget-setting process by considering a range of adverse scenarios and evaluating their potential impact on CAUK's financial resilience. Through this analysis, the company has identified any potential need for additional funding and devised strategies to mitigate associated risks. In line with the above, the directors have prepared the financial statements under the going concern basis.”

Significant events

• “The Company grew considerably in 2024, achieving several milestones along the way. By the end of the year, 103 banking hubs and 99 deposit services were in place (2023: 32 banking hubs and 15 deposit services), enabled by the doubling of the workforce to more than 100 employees.”
• “On 18 September 2024 new FCA rules to protect access to cash came into effect and apply to banks designated by the Treasury.”
• “At the end of the year, the Company agreed a new governance model with its Members.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +147.7%

  £18,607,986 → £46,093,371

• Cash

  +79.1%

  £71,387,919 → £127,850,180

• Net assets

  +174.5%

  £7,847,258 → £21,538,271

• Employees

  +120.6%

  34 → 75

• Operating profit

  +85.7%

  £7,371,732 → £13,691,014

• Profit before tax

  +89%

  £7,371,732 → £13,931,270

• Wages

  +96.5%

  £3,352,050 → £6,586,188

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