TRAVELEX CENTRAL SERVICES LIMITED
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Cash
£22m
+222.3% highest in 3 filed years
Net assets
£30m
+28% highest in 3 filed years
Employees
2,235
-1.5% vs 2024
Profit before tax
£7.3m
+1,350.8% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Group financial statements indicate that a material uncertainty exists over its ability to continue as a going concern. The following basis of preparation wording has been included in the Group accounts
-
Going-concern uncertainty disclosed
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 |
|---|---|---|---|---|---|
| Turnover | £81,709,000 | £76,718,000 | £82,200,000 | +7.1% | |
| Operating profit | -£4,144,000 | -£5,561,000 | £4,955,000 | +189.1% | |
| Profit before tax | £313,000 | -£587,000 | £7,342,000 | +1,350.8% | |
| Net profit | £327,000 | -£359,000 | £6,527,000 | +1,918.1% | |
| Cash | £9,309,000 | £6,954,000 | £22,412,000 | +222.3% | |
| Total assets less current liabilities | £23,657,000 | £23,296,000 | £29,823,000 | +28% | |
| Net assets | £23,655,000 | £23,296,000 | £29,823,000 | +28% | |
| Equity | £23,655,000 | £23,296,000 | £29,823,000 | +28% | |
| Average employees | 1,980 | 2,270 | 2,235 | -1.5% | |
| Wages | £25,852,000 | £26,975,000 | £29,613,000 | +9.8% | |
| Directors' remuneration | £192,000 | £148,000 | £182,000 | +23% | |
| Directors' pension contributions | £14,000 | £1,000 | £3,000 | +200% | |
| Highest paid director | £137,000 | £88,000 | £72,000 | -18.2% |
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 | -5.1% | -7.2% | 6.0% | |
| Net margin | 0.4% | -0.5% | 7.9% | |
| Return on capital employed | -17.5% | -23.9% | 16.6% | |
| Gearing (liabilities / total assets) | 83.4% | 75.4% | 77.4% | |
| Current ratio | 1.15x | 1.17x | 1.68x | |
| Interest cover | -0.42x | -0.63x | 0.87x |
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 1 time since incorporation
- TRAVELEX CENTRAL SERVICES LIMITED 2005-04-19 → present
- IBIS (922) LIMITED 2005-03-16 → 2005-04-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Group financial statements indicate that a material uncertainty exists over its ability to continue as a going concern. The following basis of preparation wording has been included in the Group accounts”
Group structure
- TRAVELEX CENTRAL SERVICES LIMITED · parent
- Travelex Qatar QSC 49%
- Travelex (Thailand) Limited 62%
- Travelex & Co LLC (Oman) 70%
- Travelex Emirates Exchange LLC 40%
- Travelex Currency Exchange & Payments SDN BHD 70%
- Travelex Doviz Ticaret Yetkili Muessese A.S. 75%
- Travelex Company LLC 75%
Significant events
- “On 15 April 2025, the Group reached agreement with all principal shareholders and New Money Note Holders to extend the expiry date of the New Money Notes until March 2029.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BENIS-LONSDALE, Victoria | Secretary | 2018-08-17 | — | — |
| BIRCH, James Edward Sullivan | Director | 2005-04-19 | Jul 1964 | British |
| MAKARITIS, Stavros | Director | 2026-06-24 | Jun 1969 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LOI, Ellen | Secretary | 2017-03-01 | 2018-08-17 |
| PIGNET, Sylvain Marc | Secretary | 2005-04-19 | 2017-03-01 |
| DECHERT SECRETARIES LIMITED | Corporate Secretary | 2005-03-16 | 2005-04-19 |
| ADEY, Paul Timothy | Director | 2013-09-04 | 2014-12-12 |
| DAVIES, Peter Craig | Director | 2012-07-09 | 2013-03-13 |
| FREEDMAN, Mark | Director | 2025-11-11 | 2026-07-01 |
| GRIGG, Stephen Michael | Director | 2011-02-14 | 2012-05-07 |
| JOHNSTON, Suzanne Louise | Director | 2010-04-20 | 2014-02-28 |
| JONES, Richard Anthony | Director | 2007-04-04 | 2007-06-21 |
| KAHN, Clive Ian | Director | 2005-04-19 | 2006-11-23 |
| MADDEN, Matthew | Director | 2014-12-12 | 2017-06-23 |
| MARTIN, John Walley | Director | 2007-04-04 | 2008-09-30 |
| PAGE, Andrew Richard Escott | Director | 2021-12-01 | 2025-12-15 |
| ROTHWELL, Julian Gordon | Director | 2007-04-04 | 2010-03-17 |
| SUCKLING, Roderick Barry | Director | 2017-07-31 | 2021-11-30 |
| WAGERMAN, Anthony | Director | 2013-04-09 | 2016-04-12 |
| DECHERT NOMINEES LIMITED | Corporate Director | 2005-03-16 | 2005-04-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Travelex Acquisitionco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-08-06 | Active |
| Travelex Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-08-06 |
| Dr Bavaguthu Raghuram Shetty | Individual | Shares 75–100% | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 126 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type full | |
| 2026-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-12 | AA | accounts | Accounts with accounts type full | |
| 2025-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-03 | AA | accounts | Accounts with accounts type full | |
| 2024-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-13 | AA | accounts | Accounts with accounts type full | |
| 2023-10-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-16 | AA | accounts | Accounts with accounts type full | |
| 2022-07-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-06-10 | AA | accounts | Accounts with accounts type full | |
| 2022-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-07 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-07 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.