GLOBAL CURRENCY EXCHANGE NETWORK LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-10-31
Confirmation statement due
2027-03-10 (in 10mo)
Last made up 2026-02-24
Watchouts
Cash
£122M
Latest balance sheet
Net assets
£6M
Equity attributable
Employees
78
Average over period
Profit before tax
-£7M
Period ending 2024-10-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-10-31
| Metric | Trend | 2021-04-30 | 2022-04-30 | 2023-04-30 | 2024-10-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £40,685,346 | £59,478,250 | |
| Operating profit | — | — | £2,292,414 | -£10,152,348 | |
| Profit before tax | — | — | £3,046,936 | -£6,962,953 | |
| Net profit | — | — | £2,439,306 | -£6,443,736 | |
| Cash | — | — | £129,629,905 | £121,830,800 | |
| Total assets less current liabilities | — | — | £1,373,107 | £6,192,886 | |
| Net assets | — | — | £1,138,379 | £5,945,466 | |
| Equity | £6,977,815 | — | £1,138,379 | £5,945,466 | |
| Average employees | — | — | 67 | 78 | |
| Wages | — | — | £7,005,061 | £9,769,423 | |
| Directors' remuneration | — | — | £962,550 | £1,572,526 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-10-31 vs 2023-04-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-04-30 | 2022-04-30 | 2023-04-30 | 2024-10-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 5.6% | -17.1% | |
| Net margin | — | — | 6.0% | -10.8% | |
| Return on capital employed | — | — | 167.0% | -163.9% | |
| Current ratio | — | — | 1.00x | 1.04x | |
| Interest cover | — | — | 407.18x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company has adequate financial resources and a sizeable established client base generating revenue across a range of currencies and clients. The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future and will be able to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements.”
Significant events
- “In September 2024 the Group, including the Company, was acquired by Valiant FX Bidco Limited.”
- “The company is subject to a claim relating to payments made on behalf of London Capital & Finance in 2018. No provision has been recognised as the outcome is uncertain.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FUNDELL, Andrew James | Director | 2017-08-21 | Jan 1984 | British |
| HARRIS, Oliver Stephen | Director | 2025-12-03 | Jan 1982 | British |
| MONKS, Barry | Director | 2025-08-20 | Sep 1960 | Irish |
| MULLAN, Gareth Michael | Director | 2025-08-11 | Sep 1981 | British |
| PANESAR, Stevie | Director | 2024-10-01 | Jun 1986 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COX, Tracey Ann | Secretary | 2004-07-02 | 2024-09-30 |
| ONLINE CORPORATE SECRETARIES LIMITED | Corporate Secretary | 2003-02-24 | 2004-07-02 |
| BULLAS, Nathan | Director | 2007-07-03 | 2023-02-24 |
| BURNS, Neil David | Director | 2025-04-29 | 2025-08-10 |
| COX, Martin | Director | 2025-04-29 | 2025-08-20 |
| COX, Martin | Director | 2003-02-24 | 2024-09-30 |
| EDGELEY, Nicholas Peter | Director | 2025-04-29 | 2025-08-10 |
| HARRIS, Oliver Stephen | Director | 2024-09-30 | 2025-03-31 |
| HOOTON, Rebecca Victoria | Director | 2007-07-03 | 2016-08-19 |
| MULLAN, Gareth Michael | Director | 2024-09-30 | 2025-05-28 |
| PIKE, Nicholas John | Director | 2025-04-29 | 2025-08-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gc Partners Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 145 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-18 MA Memorandum articles
- 2025-08-18 RESOLUTIONS Resolution
- 2025-04-25 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-04-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-03 | SH01 | capital | Capital allotment shares | |
| 2025-12-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-23 | AA | accounts | Accounts with accounts type full | |
| 2025-08-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-18 | MA | incorporation | Memorandum articles | |
| 2025-08-18 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-25 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 19
- Capital events
- 1
- Officers appointed
- 3
- Officers resigned
- 5
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.