TERRA PAYMENT SERVICES (UK) LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on a going concern basis, notwithstanding the material uncertainties related to events and conditions described in Note 2.2.

• ◆

  4 officer resignations in last 12 months

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

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

  -5.4%

  £23,804,537 → £22,518,398

• Cash

  +689.7%

  £4,444,267 → £35,095,150

• Net assets

  +188.1%

  £2,180,374 → £6,282,179

• Employees

  +7.1%

  14 → 15

• Operating profit

  -200.9%

  £5,569,291 → -£5,621,322

• Profit before tax

  -1,848.7%

  £699,515 → -£12,232,457

• Wages

  -0.2%

  £1,418,621 → £1,416,251

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. TERRA PAYMENT SERVICES (UK) LIMITED 2016-08-09 → present
2. PAY2GLOBAL LIMITED 2008-07-16 → 2016-08-09

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG Audit LLC

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on a going concern basis, notwithstanding the material uncertainties related to events and conditions described in Note 2.2.”

Group structure

1. TERRA PAYMENT SERVICES (UK) LIMITED · parent
   1. Terra Pay Information Technology Solutions Co.
   2. Terra Payment Services South Africa (RI) (Pty) Limited · South Africa
   3. TerraPay Money Transfer Services (Kenya) Limited · Kenya
   4. Terra Payment Services (Uganda) Limited · Uganda
   5. Terra Payment Services (Tanzania) Limited · Tanzania
   6. Terra Payment Services S.A.R.L. (DRC) · DRC
   7. Terra Payment Services (Congo B) · Congo B
   8. Terra Payment Services (Mauritius) · Mauritius
   9. TerraPay Solutions India Private Limited · India
   10. Terra Payment Services (Canada) Limited · Canada
   11. Terra Payment Services (Singapore) Pte. Limited · Singapore
   12. Terra Payment Services USA LLC · USA
   13. Terra Payment Services (Denmark) ApS · Denmark
   14. Terra Payment Services (Malaysia) Sdn Bhd · Malaysia
   15. Terra Payment Services (Italy) S.R.L. · Italy
   16. TerraPay Program Management (Mauritius) Ltd. · Mauritius
   17. Terra Payment Services (Australia) Pty Ltd · Australia

Significant events

• “During the current year, it was determined that the license would not be pursued further. Consequently, the entire amount has been written off to the Profit and Loss account for the year ended 31 December 2024.”
• “The Company is not generating adequate revenue and is incurring significant expenditure to launch new business lines and expanding existing business lines. Continued operations of the Company and further progressing its new business lines and expansion of existing business lines are dependent on the Company's ability to obtain additional financing from its holding entity and ability to generate profitable operations in the future is key to be able to scale up revenues.”

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

Filings

12

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

4

last 12 months

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