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Trust Payments (Uk) Ltd

04591066

active
Private Limited Company
england wales
Companies House
Health Score
60 / 100

Some Concerns

30/30
Filing
0/30
Financial
30/40
Risk
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 9 outstanding charges (-10)

Details

1 ROYAL EXCHANGE, LONDON, EC3V 3DG
Incorporated 15/11/2002

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 09/11/2025

Due 23/11/2026

On track

Industry

62090
Other information technology service activities

Officers

George Todorov Velikov

director · Since 01/06/2020

FINANCE PROFESSIONAL

BULGARIAN · UNITED KINGDOM · Age 36

Mr Laurence Booth

director · Since 03/10/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 6 other boards

Persons with Significant Control

Trust Payments Ltd

75–100% shares

1, Royal Exchange, London, EC3V 3DG

Notified 08/05/2019

Former PSCs

Securetrading Group Ltd

Ceased 08/05/2019

Charges9 outstanding

Charge
outstanding

GLAS TRUST CORPORATION LIMITED (AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEFINED IN THE

Created 27/06/2025Registered 30/06/2025
Charge
outstanding

GLAS TRUST CORPORATION LIMITED (AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEFINED IN THE

Created 30/01/2025Registered 04/02/2025
Charge
outstanding

GLAS TRUST CORPORATION LIMITED (AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEFINED IN THE

Created 04/03/2022Registered 10/03/2022
Charge
outstanding

GLAS TRUST CORPORATION LIMITED (AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEFINED IN THE

Created 10/12/2021Registered 17/12/2021
Charge
outstanding

GLAS TRUST CORPORATION LIMITED (AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEFINED IN THE

Created 30/04/2020Registered 13/05/2020
Charge
outstanding

GLAS TRUST CORPORATION LIMITED (AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEFINED IN THE

Created 23/12/2019Registered 07/01/2020
Charge
outstanding

GLAS TRUST CORPORATION LIMITED (AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEFINED IN THE

Created 21/05/2019Registered 23/05/2019
Charge
outstanding

GLAS TRUST CORPORATION LIMITED (AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEFINED IN THE

Created 17/11/2017Registered 20/11/2017
Charge
satisfied

WILMINGTON TRUST (LONDON) LIMITED (AS SECURITY TRUSTEE)

Created 12/05/2014Registered 22/05/2014Satisfied 25/11/2017
Charge
satisfied

WILMINGTON TRUST (LONDON) LIMITED (AS SECURITY TRUSTEE)

Created 08/11/2013Registered 15/11/2013Satisfied 25/11/2017
charge
satisfied

HSBC BANK PLC

Created 12/08/2011Registered 27/08/2011Satisfied 02/12/2013
charge
outstanding

NATIONAL ASSEMBLY FOR WALES

Created 04/04/2007Registered 19/04/2007

CompanyRankvs 31370+ SIC 62090 peers
27

Financial strength0th percentile among SIC peers · 0/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.4× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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31370Trust Payments (Uk) Ltd
47
How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

liability and net liability position primarily due to the long-term debt and the associated PIK interest which has been accruing on the principal balance. In considering the appropriateness of the going concern basis of preparation and whether any material uncertainty that would cast doubt over the Group and the company’s ability to continue as a going concern, the directors have considered the

Key FinancialsYear ending 31/12/2024

Turnover

£12.6M

Annual revenue

Net Worth

-£8.9M

Balance sheet strength

Cash

£151k

Cash in the bank

Profit Before Tax

-£5.3M

Bottom line earnings

Net Current Assets

-£17.4M

Working capital

Current Assets

£11.8M

Current Liabilities

£29.2M

Fixed Assets

£10.0M

Debtors

£11.6M

Cost of Sales

£5.3M

Gross Profit

£7.2M

Admin Expenses

£12.8M

Operating Profit

-£5.2M

Profit After Tax

-£5.3M

70avg. employees+1

Tax at Year End

Corp tax£6k

People Costs

Wages & salaries£2.5M
NI contributions£444k

Balance Sheet

Assets less current liabilities-£7.4M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.40-£5.3M
20230.13-£3.2M
20220.15-£1.8M
20191.59—

Derived from filed accounts. Not audited figures.