ALPHA FX LIMITED
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Cash
£688M
+310.4% highest in 3 filed years
Net assets
£248M
+1.1% highest in 3 filed years
Employees
321
+15.1% highest in 3 filed years
Profit before tax
£47M
-46.2% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Financials 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 |
|---|---|---|---|---|---|
| Turnover | £67,009,000 | £74,223,000 | £88,267,000 | +18.9% | |
| Operating profit | £74,123,000 | £82,054,000 | £40,882,000 | -50.2% | |
| Profit before tax | £78,337,000 | £87,278,000 | £46,954,000 | -46.2% | |
| Net profit | £63,107,000 | £70,411,000 | £35,720,000 | -49.3% | |
| Cash | £120,493,000 | £167,572,000 | £687,774,000 | +310.4% | |
| Total assets less current liabilities | £204,013,000 | £280,696,000 | — | — | |
| Net assets | £178,031,000 | £245,229,000 | £247,959,000 | +1.1% | |
| Equity | £178,031,000 | £245,229,000 | £247,959,000 | +1.1% | |
| Average employees | 245 | 279 | 321 | +15.1% | |
| Wages | £15,689,000 | £23,917,000 | £38,752,000 | +62% | |
| Directors' remuneration | £1,643,000 | £3,054,000 | £2,396,000 | -21.5% |
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 |
|---|---|---|---|---|
| Operating margin | 110.6% | 110.6% | 46.3% | |
| Net margin | 94.2% | 94.9% | 40.5% | |
| Return on capital employed | 36.3% | 29.2% | — | |
| Gearing (liabilities / total assets) | 33.1% | 31.2% | 83.5% | |
| Current ratio | 2.99x | 3.61x | — | |
| Interest cover | — | — | 48.61x |
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
- ALPHA FX LIMITED 2013-10-21 → present
- ALPHA FOREX LIMITED 2009-02-06 → 2013-10-21
- POUND LTD 2004-04-21 → 2009-02-06
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board of Directors have a reasonable expectation that the Company therefore has adequate resources to continue in operational existence for the foreseeable future. The Company continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- ALPHA FX LIMITED · parent
- Alpha FX Institutional Limited 100%
- Alpha Foreign Exchange (Canada) Limited 100%
- Alpha FX Netherlands Limited 100%
- Alpha FX Europe Limited 100%
- Alpha FX Australia Pty Ltd 100%
- AGI Financial Pte. Ltd. 100%
- Alpha Group International Inc. 100%
Significant events
- “In October 2025, the entire share capital of Alpha FX Limited's parent company, Alpha Group International Limited (formerly Alpha Group International plc) was acquired by Corpay Inc., a global leader in corporate payments and risk management solutions for a consideration of $2.4bn.”
- “As set out in note 15, Alpha FX Limited is party to a loan note due 1 January 2026 for £499m of cash remitted from restricted accounts to a fellow subsidiary within the Corpay Group. On 1 January 2026, the terms of the loan note agreement were subsequently extended to become repayable on 1 January 2036.”
- “In April 2026, the Company's Australian and Canadian businesses were transferred to other Corpay Group entities in accordance with this overall plan.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARSH, Samuel John | Director | 2026-03-10 | Sep 1987 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KANG, Jaspal Simon | Secretary | 2020-05-04 | 2025-06-27 |
| SHAH, Divaker | Secretary | 2009-07-10 | 2015-01-01 |
| ALPHA FOREX LIMITED | Corporate Secretary | 2009-07-02 | 2009-07-02 |
| GRUNBERG & CO LIMITED | Corporate Secretary | 2009-02-05 | 2009-06-22 |
| NOMINEE SECRETARY LTD | Corporate Nominee Secretary | 2004-04-21 | 2009-02-05 |
| SM SECRETARIES LIMITED | Corporate Secretary | 2009-06-22 | 2009-10-01 |
| BUTTERS, Timothy Nigel | Director | 2021-02-01 | 2026-03-05 |
| CRANN, Phil | Director | 2011-01-04 | 2011-12-07 |
| CURRIE, Jonathan Colin | Director | 2012-02-29 | 2018-11-08 |
| DOWLING, Adam | Director | 2022-05-19 | 2024-03-26 |
| GEORGESON, Thomas | Director | 2013-09-12 | 2016-06-21 |
| HALFNIGHT, Liam John | Director | 2010-02-22 | 2016-12-15 |
| HICKEY, Kieran Gary | Director | 2010-03-01 | 2015-11-12 |
| HOWORTH, Alex | Director | 2022-05-19 | 2026-03-31 |
| KIDD, Timothy Charles | Director | 2016-11-16 | 2023-04-03 |
| LISNEY, Henry | Director | 2016-06-21 | 2020-05-04 |
| MOURSI, Sherif | Director | 2010-03-01 | 2011-11-21 |
| POWELL, Timothy | Director | 2023-06-07 | 2026-03-09 |
| RAYMENT, Brian John | Director | 2018-11-08 | 2019-06-21 |
| SINGH, Manmeet | Director | 2016-06-21 | 2018-04-03 |
| TILLBROOK, Martin Paul | Director | 2009-02-11 | 2016-06-23 |
| TILLBROOK, Morgan James | Director | 2009-02-05 | 2025-01-02 |
| NOMINEE DIRECTOR LTD | Corporate Nominee Director | 2004-04-21 | 2009-02-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Alpha Group International Limited | Corporate entity | Shares 75–100% | 2016-12-16 | Active |
Filing timeline
Last 20 of 250 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-27 RESOLUTIONS Resolution
- 2025-07-01 RESOLUTIONS Resolution
- 2025-04-16 RESOLUTIONS Resolution
- 2025-03-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-24 | AA | accounts | Accounts with accounts type full | |
| 2026-04-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-11 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-27 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-23 | SH08 | capital | Capital name of class of shares | |
| 2025-07-01 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-01 | SH08 | capital | Capital name of class of shares | |
| 2025-06-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-06-05 | AA | accounts | Accounts with accounts type full | |
| 2025-04-16 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-16 | SH08 | capital | Capital name of class of shares | |
| 2025-04-16 | SH08 | capital | Capital name of class of shares | |
| 2025-03-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-12 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-03-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-12 | SH20 | capital | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 6
- Officers appointed
- 1
- Officers resigned
- 3
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.