CARDNET MERCHANT SERVICES LIMITED
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
—
Period ending 2025-12-31
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Net interest income | — | £2,837,000 | £5,736,000 | +102.2% | |
| Fee & commission income | — | — | — | — | |
| Operating income | — | £55,835,000 | £60,033,000 | +7.5% | |
| Impairment losses | — | £3,575,000 | £1,669,000 | -53.3% | |
| Profit before tax | £23,265,000 | £15,677,000 | — | — | |
| Net profit | £17,795,000 | £11,755,000 | — | — | |
| Loans & advances to customers | — | — | — | — | |
| Customer deposits | — | — | — | — | |
| Total assets | £575,524,000 | £489,809,000 | — | — | |
| Total liabilities | £526,050,000 | — | — | — | |
| Equity | £49,474,000 | £61,229,000 | — | — | |
| Average employees | 0 | 0 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Net margin | 5.7% | 3.7% | — | |
| Gearing (liabilities / total assets) | 91.4% | 87.5% | — | |
| Current ratio | 1.09x | 1.14x | — |
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.
Name history
Renamed 2 times since incorporation
- CARDNET MERCHANT SERVICES LIMITED 1997-10-30 → present
- LLOYDS FUNDSFLOW LIMITED 1983-11-07 → 1997-10-30
- E.R.C.SHIPMENTS LIMITED 1962-09-19 → 1983-11-07
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are satisfied that it is the intention of LBG, that its subsidiaries, including the Company, will continue to have access to adequate liquidity and capital resources for the foreseeable future and, accordingly, the financial statements have been prepared on a going concern basis, taking into account The Company has the letter of support from LBG dated 13 February 2026, which confirms that it is the intention of the Group to support the Company in meeting its financial liabilities as they fall due.”
Significant events
- “There are no other post balance sheet events requiring disclosure in these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 50 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MULHOLLAND, Alison Elizabeth | Secretary | 2017-11-09 | — | — |
| ADAMS, Paul | Director | 2025-12-15 | Jun 1981 | British |
| FRANCIS, Lisa Jane | Director | 2024-11-28 | Apr 1971 | British |
| MEREDITH JONES, Daniel | Director | 2025-01-14 | Jun 1971 | British |
| O'DONAILL, Colm | Director | 2025-03-28 | Aug 1974 | Irish |
Show 50 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JOHNSON, Michelle Antoinette Angela | Secretary | 2015-11-19 | 2017-11-09 |
| PARKER, Karen Kristina | Secretary | 1994-06-20 | 1997-10-30 |
| RODGERS, Helen Suzanne | Secretary | 1997-10-30 | 2001-10-11 |
| SAUNDERS, Deborah Ann | Secretary | — | 1994-06-20 |
| SLATTERY, Sharon Noelle, Mrs. | Secretary | 2001-10-11 | 2013-06-19 |
| VÁSQUEZ, Ricardo | Secretary | 2013-06-19 | 2015-11-19 |
| ADAMS, Eula Lee | Director | 1998-10-30 | 2000-08-16 |
| AYLIFFE, Peter George Edwin | Director | 2000-09-26 | 2002-04-29 |
| BONHAM, Stuart David | Director | 2007-12-07 | 2013-06-21 |
| CAMPBELL, Paul | Director | 2013-06-21 | 2016-02-09 |
| DALLAS, Richard Michael | Director | 2009-03-19 | 2012-05-02 |
| ENGLAND, Andrew Ralph | Director | 2012-05-02 | 2013-06-19 |
| EVERETT, Stephen John | Director | 2020-11-01 | 2024-11-28 |
| GAGIE, David Ronald | Director | 2002-04-29 | 2005-02-18 |
| GORDON, Paul Andrew | Director | 2016-04-27 | 2016-06-13 |
| GOULD, Gregory David | Director | 2016-06-24 | 2022-01-31 |
| GRANT, Philip Robert | Director | 2013-10-28 | 2016-06-24 |
| HARRINGTON, Peter Lee | Director | 2007-12-07 | 2008-12-08 |
| HATCHER, Michael Roger | Director | — | 1997-10-30 |
| HAWKINS, Gerald Edward Roulston | Director | 2000-08-16 | 2004-11-01 |
| HAWKINS, Gerald Edward Roulston | Director | 1997-10-31 | 2000-07-31 |
| LEACOCK, Nigel Ronald | Director | 2003-12-04 | 2012-02-02 |
| LONGHURST, Andrew Henry | Director | 1997-10-31 | 1998-04-15 |
| MAIN, Hans-Wolfgang | Director | — | 1996-06-01 |
| MARTIN, Peter James | Director | 2005-02-18 | 2006-02-28 |
| MARTIN, Peter James | Director | 2000-02-21 | 2003-12-04 |
| MASLEN, Frederick Charles Archibald | Director | — | 1994-06-30 |
| MICHIE, Alastair John | Director | — | 1997-10-31 |
| NAFUS, Edward Clarence | Director | 1997-10-31 | 1998-08-15 |
| NASH, Tony | Director | 2016-06-13 | 2020-11-01 |
| NEAGLE, Robert Charles | Director | 2012-07-24 | 2015-07-28 |
| O'DONOGHUE, Hubert | Director | 2015-07-28 | 2018-07-30 |
| OLDFIELD, David James Stanley | Director | 2013-06-19 | 2013-10-28 |
| PELL, Gordon Francis | Director | 1998-04-15 | 2000-01-07 |
| PIERCE, Roger | Director | 1997-10-31 | 1998-02-19 |
| PIERI, Melissa Grace | Director | 2020-02-13 | 2025-12-15 |
| REGNIER, Michael Charles | Director | 2012-02-02 | 2013-06-19 |
| RODGERS, Helen Suzanne | Director | 1994-06-20 | 1997-10-31 |
| SAIGOL, Sarah | Director | 2024-05-23 | 2024-09-25 |
| SAUNDERS, Deborah Ann | Director | 1994-06-20 | 1997-10-30 |
| SCHIMENZ, Robert | Director | 1998-04-08 | 2007-12-07 |
| SHERNOFF, Mia | Director | 2020-02-11 | 2022-12-12 |
| STUNT, Philip | Director | 2018-02-08 | 2020-02-13 |
| TRELOAR, Zoe Isabel | Director | 2022-12-12 | 2025-03-28 |
| WALSH, Aidene Frances | Director | 2013-06-19 | 2016-04-27 |
| WALSH, Colin | Director | 2006-03-01 | 2009-03-19 |
| WARNER, Stephen Laurie | Director | 2008-12-08 | 2012-07-24 |
| WHITE, Adrian Patrick | Director | 2022-03-21 | 2024-05-23 |
| YATES, David Gregg | Director | 2004-11-01 | 2007-12-07 |
| ZAPLATA, Damian | Director | 2016-02-09 | 2017-10-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lloyds Bank Plc | Corporate entity | Voting 50–75% | 2016-04-06 | Active |
| Lloyds Banking Group Plc | Corporate entity | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 254 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-13 | AA | accounts | Accounts with accounts type full | |
| 2026-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-10 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-08-26 | AA | accounts | Accounts with accounts type full | |
| 2025-05-12 | CH03 | officers | Change person secretary company with change date | |
| 2025-05-01 | CH01 | officers | Change person director company with change date | |
| 2025-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-20 | CH01 | officers | Change person director company with change date | |
| 2025-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | AA | accounts | Accounts with accounts type full | |
| 2024-05-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.