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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-06-16 (in 1mo)

Last made up 2025-06-02

Watchouts

None on the register

Cash

£15M

+103.6% vs 2023

Net assets

£18M

+71.4% vs 2023

Employees

48

-2% vs 2023

Profit before tax

£9M

+87.1% vs 2023

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £28,537,650£36,679,523
Operating profit £4,839,777£9,010,862
Profit before tax £5,064,634£9,477,040
Net profit £6,883,480£7,169,812
Cash £7,251,995£14,764,923
Total assets less current liabilities £10,501,313£17,701,181
Net assets £10,324,730£17,701,181
Equity £10,324,730£17,701,181
Average employees 4948
Wages £4,270,935£6,114,650
Directors' remuneration £1,017,259£1,457,184

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

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

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

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-31
Operating margin 17.0%24.6%
Net margin 24.1%19.5%
Return on capital employed 46.1%50.9%
Gearing (liabilities / total assets) 95.8%92.8%
Current ratio 1.03x1.06x
Interest cover 741.27x524.62x

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.

Audit & accounting basis

Accounting basis
IFRS
Reporting scope
Consolidated group
Auditor
Ernst & Young LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The directors have assessed the financial position and future prospects of the Group and the Company and are satisfied that it remains a going concern. The Group reported a profit after tax of £7.2 million and maintained a strong cash position of £14.8 million as at 31 December 2024. ... The Directors have therefore determined that the going concern basis is appropriate for the preparation of the financial statements.”

Group structure

  1. MARTRUST CORPORATION LIMITED · parent
    1. MarTrust Europe SA 100% · Portugal · issuance and distribution of electronic money, the execution of payment services and the performance of all related commercial and financial activities.
    2. MarTrust FZE 100% · United Arab Emirates · operational and support services

Significant events

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

People

4 active · 12 resigned

Name Role Appointed Born Nationality
CHANDARANA, Kishan Niranjan, Mr. Director 2025-09-02 Oct 1982 British
GREGORY, Stuart David Director 2023-09-01 May 1983 British
MALUK, Milan Director 2022-02-09 Jun 1981 British
TANDON, Rajat Director 2025-09-02 Oct 1964 British
Show 12 resigned officers
Name Role Appointed Resigned
DUGGAL, Manu Secretary 2011-02-16 2013-03-18
DAVID VENUS & COMPANY LLP Corporate Secretary 2014-05-05 2018-01-31
ANDREAKOS, Errikos Director 2018-04-09 2025-02-28
ANTERO, Felix Jonathan Etis Director 2014-05-05 2024-06-26
CARLUCCI, Domenico Maria Director 2014-05-05 2025-02-28
DUGGAL, Manu Director 2011-01-19 2013-03-18
GREENSMITH, Paul John Director 2025-02-28 2025-03-13
GREGORY, Karsten Nelboe Director 2014-05-05 2024-06-07
HAUNSO, Christian Siemers Director 2011-01-19 2024-02-12
HYLDAHN, Henrik Director 2025-02-28 2025-09-02
MORDHORST, Hans-Christian Director 2021-07-01 2024-06-07
POULSEN, Jens Lorens Director 2011-01-19 2024-06-26

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Christian Siemers Haunso Individual Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Active

Filing timeline

Last 20 of 139 total filings

Date Type Category Description
2025-10-08 AA accounts Accounts with accounts type group
2025-09-05 AP01 officers Appoint person director company with name date PDF
2025-09-04 TM01 officers Termination director company with name termination date PDF
2025-09-04 AP01 officers Appoint person director company with name date PDF
2025-06-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-03-27 TM01 officers Termination director company with name termination date PDF
2025-03-10 AP01 officers Appoint person director company with name date PDF
2025-03-07 CH01 officers Change person director company with change date PDF
2025-03-07 AP01 officers Appoint person director company with name date PDF
2025-03-07 TM01 officers Termination director company with name termination date PDF
2025-03-07 TM01 officers Termination director company with name termination date PDF
2024-10-07 AA accounts Accounts with accounts type group
2024-07-16 CH01 officers Change person director company with change date PDF
2024-06-28 TM01 officers Termination director company with name termination date PDF
2024-06-28 TM01 officers Termination director company with name termination date PDF
2024-06-22 TM01 officers Termination director company with name termination date PDF
2024-06-22 TM01 officers Termination director company with name termination date PDF
2024-06-21 CS01 confirmation-statement Confirmation statement with updates PDF
2024-03-03 SH01 capital Capital allotment shares PDF
2024-02-16 TM01 officers Termination director company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
5

last 12 months

Capital events
0

last 24 months

Officers appointed
2

last 12 months

Officers resigned
1

last 12 months

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

Official Companies House page