IFX (UK) LTD

• ⚠

  Confirmation statement overdue

  Due 2026-05-13.

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

  -46%

  £40,616,121 → £21,929,413

• Cash

  -21.1%

  £368,816,958 → £291,082,564

  lowest in 3 filed years

• Net assets

  +9.4%

  £20,320,356 → £22,221,044

  highest in 3 filed years

• Employees

  +15.5%

  168 → 194

  highest in 3 filed years

• Operating profit

  -238.8%

  £3,617,610 → -£5,019,615

• Profit before tax

  -71.7%

  £9,358,005 → £2,643,865

• Wages

  -22.8%

  £12,321,988 → £9,514,523

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

FRS 102

Reporting scope

Consolidated group

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having considered the above factors, the directors have an expectation that the group has adequate financial resources to meet its operational need and continue to meet its obligations as they fall due for a period of at least twelve months from the signing of the financial statements and therefore the going concern basis has been adopted in preparing the financial statements.”

Group structure

1. IFX (UK) LTD · parent
   1. IFX Payments Europe sp.z.o.o 100% · Poland · Payment services
   2. IFX Payments Pty Ltd 100% · Sydney NSW 2000 · Technology services
   3. IFX Payments Ltd 100% · London · Dormant
   4. IFX Securities Ltd 100% · London · Dormant
   5. Technique IO Limited 100% · London · Dormant
   6. Ibang Limited 100% · London · Dormant

Significant events

• “IFX anticipates that the business will continue to trade well and maintain its current growth strategy. The business remains committed to expanding our client reach and developing our service offering to provide scalable and holistic treasury and risk management services to our customers. The key strategic objectives for the next 12 months include: Accelerate customer onboarding times, Introduce forward contract reports onto the 'ibang' platform, Introduce more local payout and real time payment functionality, Introduce new auditable and measurable performance indicators across all back office functionality to improve client experience, Provide for local payment routes and trading capabilities for Dubai clients, Implement new AI tools to enhance transaction monitoring and onboarding systems to improve client experience and accelerate timeframes for compliance, Update and enhance ibanq API for simple and easy integration for financial intermediary clients, Undertake technological architecture transformation to enable scalable growth. The Group further continues to assess merger and acquisition opportunities within the market by way of stimulating growth and entering new markets and jurisdictions. IFX will evaluate targets that also provide for value-adding products and services that complement IFX's existing suite of services.”
• “Following the period end, the company raised £40m in capital from its parent comapany to pursue an opportunity to acquire Argentex Group Plc. The conditional acquisition was announced on 25 April 2025 and was structured as a scheme of arrangement. In connection with its offer, the company provided a bridge financing and revolving credit facility to Argentex Group Plc in the aggregate sum of £34m. The facility is secured, and such security includes fixed and floating charges over the chargors' assets. On 24 July 2025, Argentex Group Pic went into administration. With the consent of the Takeover Panel, the company invoked certain conditions to its offer, resulting in the offer lapsing. The company is liaising with the administrators in order maximise its recovery as a creditor.”

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

Filings

5

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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