RETAIL MERCHANT SERVICES LIMITED
Operating as a subsidiary of the fintech group Teya, the company provides payment processing solutions and merchant services to retail businesses.
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Cash
£265k
+6.5% vs 2024
Net assets
£3.3m
+105.6% highest in 3 filed years
Employees
16
-23.8% lowest in 3 filed years
Profit before tax
-£4m
+21.8% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Consumer Discretionary 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 | £9,223,949 | £6,093,309 | £3,704,719 | -39.2% | |
| Operating profit | -£3,793,216 | -£1,254,020 | -£1,149,291 | +8.4% | |
| Profit before tax | -£7,819,394 | -£5,114,179 | -£3,999,943 | +21.8% | |
| Net profit | -£6,925,485 | -£4,316,725 | -£2,562,706 | +40.6% | |
| Cash | £801,876 | £248,941 | £265,016 | +6.5% | |
| Total assets less current liabilities | -£55,388,557 | -£59,332,185 | £3,346,657 | +105.6% | |
| Net assets | -£55,388,557 | -£59,332,185 | £3,346,657 | +105.6% | |
| Equity | — | — | £3,346,657 | — | |
| Average employees | 122 | 21 | 16 | -23.8% | |
| Wages | £5,817,248 | £1,241,447 | £936,949 | -24.5% | |
| Directors' remuneration | — | — | — | — |
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 | -41.1% | -20.6% | -31.0% | |
| Net margin | -75.1% | -70.8% | -69.2% | |
| Return on capital employed | — | — | -34.3% | |
| Gearing (liabilities / total assets) | 346.8% | 358.2% | 39.6% | |
| Current ratio | 0.24x | 0.25x | 1.87x | |
| Interest cover | -0.82x | -0.26x | -0.38x |
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
- RETAIL MERCHANT SERVICES LIMITED 2007-04-02 → present
- CARD PAYMENT SERVICES LIMITED 2007-02-02 → 2007-04-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is supported by funding arrangements from its ultimate parent, Teya Holdings Ltd, and a letter of support is in place. Having considered this continued financial support, the directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “During the year, the Company completed an intragroup recapitalisation exercise. As part of this process, certain intercompany balances were assigned and set off, and £65.0 million of amounts owed by the Company to Teya Europe Ltd was settled through the issue of ordinary shares.”
- “In April 2026, the put-back period associated with the sale of aged trade receivables back in 2025 lapsed. As a result, the Company recognised the remaining £0.25 million profit from the sale and released the related provision.”
- “In June 2026, the Company completed an internal group reorganisation under which it acquired the business of Retail Merchant Finance Limited as a going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MYLREA LOWNDES, Thomas | Director | 2022-07-13 | Aug 1986 | British |
| SEMINARIO, Hanna Elizabeth | Director | 2023-11-02 | Oct 1993 | American |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCOMISH, Paul | Secretary | 2010-04-09 | 2018-12-31 |
| NICHOLLS, Jeremy Jolyon | Secretary | 2019-01-01 | 2022-03-31 |
| POPPLETON, Gareth David | Secretary | 2007-02-02 | 2010-04-09 |
| @UKPLC CLIENT SECRETARY LTD | Corporate Nominee Secretary | 2007-02-02 | 2007-02-02 |
| BUSHELL, Malcolm | Director | 2007-02-02 | 2009-01-08 |
| HARTLEY, Christopher John | Director | 2023-11-02 | 2025-12-31 |
| KOUTERIS, Grigoris | Director | 2022-12-26 | 2023-10-04 |
| MCOMISH, Paul | Director | 2011-01-04 | 2018-12-31 |
| MCOMISH, Paul | Director | 2011-01-04 | 2011-01-04 |
| NICHOLLS, Jeremy Jolyon | Director | 2018-08-01 | 2022-03-31 |
| O'KEEFE, Kevin Patrick | Director | 2018-01-01 | 2022-12-26 |
| PINTO, Felipe | Director | 2022-07-13 | 2023-10-09 |
| POPPLETON, Gareth David | Director | 2007-09-19 | 2017-09-28 |
| POSTLE, Michael Edward | Director | 2011-01-04 | 2016-12-31 |
| RIGGALL, Jonathan | Director | 2009-01-28 | 2011-01-04 |
| @UKPLC CLIENT DIRECTOR LTD | Corporate Nominee Director | 2007-02-02 | 2007-02-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Teya Europe Ltd. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-12-20 | Active |
| Retail Merchant Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-12-20 |
Filing timeline
Last 20 of 104 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-10 MA Memorandum articles
- 2025-10-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type full | |
| 2026-02-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-10 | MA | incorporation | Memorandum articles | |
| 2025-10-10 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-08 | SH01 | capital | Capital allotment shares | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-09-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-20 | CH01 | officers | Change person director company with change date | |
| 2025-02-19 | CH01 | officers | Change person director company with change date | |
| 2025-02-19 | CH01 | officers | Change person director company with change date | |
| 2025-02-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-02-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-09 | AA | accounts | Accounts with accounts type full | |
| 2023-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-16 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 1
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.