IBANFIRST LIMITED

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

  +72.5%

  £2,235,883 → £3,856,199

• Cash

  -4.8%

  £736,637 → £701,116

• Net assets

  +54.2%

  £553,157 → £853,243

• Employees

  -20%

  25 → 20

• Operating profit

  +62%

  -£1,487,434 → -£565,897

• Profit before tax

  +57%

  -£1,465,407 → -£629,914

• Wages

  -5.7%

  £1,920,589 → £1,810,903

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.

1. IBANFIRST LIMITED 2023-01-13 → present
2. CORNHILL INTERNATIONAL PAYMENTS LIMITED 2017-11-02 → 2023-01-13
3. CORNHILL FX LIMITED 2007-05-29 → 2017-11-02

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors consider that they have sufficient mitigating actions available to them to manage any risks arising, and accordingly, the directors believe the going concern basis is appropriate as the basis of preparation for these financial statements.”

Significant events

• “In 2024, the Company achieved its goal of becoming an authorised E-Money issuer, marking a significant milestone in strengthening its market position.”
• “Client feedback has been highly positive, particularly regarding the flexibility this status offers most notably through the introduction of nominated currency accounts, which have streamlined foreign customer credit control for many of our clients.”
• “Looking ahead to 2025, we anticipate a substantial increase in E-Money deposit within our safeguarded accounts, driving higher interest income. While the additional income from higher interest inflows is valuable, the directors view the true opportunity of the new permission is in leveraging our growing client base to cross-sell our core foreign exchange products, further strengthening our primary revenue stream.”

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

Filings

4

last 12 months

Capital events

3

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.