TOR CURRENCY EXCHANGE LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

• Turnover

  -7.4%

  £28,514,000 → £26,394,000

• Cash

  +1.1%

  £75,439,000 → £76,266,000

• Net assets

  +13.5%

  £112,487,000 → £127,658,000

• Employees

  -13.5%

  74 → 64

• Operating profit

  -13%

  £14,526,000 → £12,643,000

• Profit before tax

  -12.1%

  £18,422,000 → £16,191,000

• Wages

  -6.4%

  £3,576,000 → £3,347,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

Accounting basis

UK-adopted International Accounting Standards

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On this basis the Directors have a reasonable expectation that the Company and wider Group have adequate resources to continue in operational existence and Group is able to continue to comply with any covenants for the foreseeable future.”

Group structure

1. TOR CURRENCY EXCHANGE LIMITED · parent
   1. TOR FX PTY Limited 100% · Australia · Foreign exchange and payment services
   2. TOR FX Limited 100% · England · Dormant

Significant events

• “The company has no material exposure to revenues from Russian or Ukrainian residents or from trade in Russian Rubles. Further, it has no material exposure arising as a result of the conflict in Gaza.”
• “Blackstone's investment during FY22 and up to the date of these financial statements, Palamon Capital Partners, Corsair Capital and Blackstone jointly have control of the Company's ultimate holding company, Redpin Topco Limited.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.