Back to search

Trustuk Payments Ltd

12283499

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

1 ROYAL EXCHANGE, LONDON, EC3V 3DG
Incorporated 28/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70100
Activities of head offices

Officers

Elemental Company Secretary Limited

secretary · Since 28/10/2019

Also on 429 other boards

Mr Laurence Booth

director · Since 03/10/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 6 other boards

Ms Maria Olegovna Cilliers

director · Since 18/11/2024

NON-EXECUTIVE DIRECTOR

BRITISH · UNITED KINGDOM · Age 54

Also on 2 other boards

Mr Benyam Hagos

director · Since 03/03/2025

NON EXECUTIVE DIRECTOR/CHAIR

BRITISH · UNITED KINGDOM · Age 40

Also on 2 other boards

Mr Richard Paul Brough

director · Since 26/01/2026

BRITISH · UNITED KINGDOM · Age 54

Also on 5 other boards

Persons with Significant Control

Trust Payments Ltd

75–100% shares
75–100% votes
Appoint directors

1, Royal Exchange, London

Reg: 11976895 · Companies House · Private Limited Company

Notified 28/10/2019

CompanyRankvs 6450+ SIC 70100 peers
49

Financial strength91th percentile among SIC peers · 23/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1.04× · 12/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
Show leaderboard
1Bibby Line Group Limited
90
2Lea Redway Limited
90
3Saria Limited
90
4J.R. Rix & Sons Limited
90
5G.R. Lane Holdings Limited
90
6Nidec Control Techniques Limited
90
7Langham Industries Limited
90
8Hunt Group Limited
90
9Sfs Group Fastening Technology Limited
90
10James T Blakeman & Co (Holdings) Limited
90
6450Trustuk Payments Ltd
58
How is this score calculated?
Financial strength23/25 pts

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

Employees2/15 pts

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

Liquidity12/20 pts

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

Longevity7/15 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

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

£114.2M

Annual revenue

Net Worth

£3.9M

Balance sheet strength

Cash

£10.7M

Cash in the bank

Profit Before Tax

£794k

Bottom line earnings

Net Current Assets

£3.8M

Working capital

Current Assets

£100.6M

Current Liabilities

£96.8M

Debtors

£89.9M

Cost of Sales

£82.1M

Gross Profit

£32.1M

Admin Expenses

£31.5M

Operating Profit

£667k

Profit After Tax

£794k

0avg. employees

Balance Sheet

Assets less current liabilities£3.9M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20241.04+£794k
20231.01+£3.1M
20220.72-£172k
20211.79—

Derived from filed accounts. Not audited figures.