MASTERCARD EUROPE SERVICES LIMITED
The company provides business support, media representation, and market research services as a subsidiary of the US-listed global payments technology group Mastercard Incorporated.
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Cash
£85m
EUR 99,341,000
-33.7% lowest in 3 filed years
Net assets
£1.5bn
EUR 1,734,694,000
+16.6% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£2.1bn
EUR 2,394,362,000
+38.4% highest in 3 filed years
Watch the reel
Our short-form breakdown of MASTERCARD EUROPE SERVICES LIMITED's latest filing
Mastercard’s European support arm just filed its UK accounts, and the margins are staggering. £2bn operating profit on £2.4bn turnover. 💳📈
Net assets
3-year trend · vs Industrials 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 | £1,927,338,986 | £1,837,271,326 | £2,403,079,822 | +30.8% | |
| Operating profit | £1,616,519,356 | £1,455,650,051 | £2,039,059,609 | +40.1% | |
| Profit before tax | £1,643,681,912 | £1,481,569,030 | £2,050,669,750 | +38.4% | |
| Net profit | £1,270,129,325 | £1,102,726,105 | £1,581,176,773 | +43.4% | |
| Cash | £104,604,317 | £128,259,678 | £85,081,363 | -33.7% | |
| Total assets less current liabilities | £1,228,684,481 | £1,273,991,093 | £1,485,692,018 | +16.6% | |
| Net assets | £1,228,684,481 | £1,273,991,093 | £1,485,692,018 | +16.6% | |
| Equity | £1,228,684,481 | £1,273,991,093 | £1,485,692,018 | +16.6% | |
| Average employees | — | — | — | — | |
| Wages | £142,402,364 | £153,626,242 | £181,962,145 | +18.4% | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from EUR at 0.856 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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 | 83.9% | 79.2% | 84.9% | |
| Net margin | 65.9% | 60.0% | 65.8% | |
| Return on capital employed | 131.6% | 114.3% | 137.2% | |
| Gearing (liabilities / total assets) | 16.3% | 14.0% | 11.0% | |
| Current ratio | 2.36x | 2.84x | 4.31x |
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
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been prepared on a going concern basis. The directors, with support from Mastercard International Incorporated, are confident the Company has sufficient resources to continue as a going concern for at least 12 months from the date of signing and consider preparing on this basis appropriate.”
Group structure
- MASTERCARD EUROPE SERVICES LIMITED · parent
- Masabi Group Limited 2.34%
- Lyfpay 0.14%
- Apis Growth Fund II L.P. 82%
Significant events
- “Post year end, the following dividend distributions were approved: 02 March 2026: €600,000,000 and 06 May 2026: €450,000,000.”
- “A merchant class action was brought against a number of Mastercard Incorporated's companies... seeking over £500M in damages... In May 2023, the class representative narrowed the certification application... increased the claimed damages... to in excess of £1billion. In June 2024 the court certified the claim to move forward to trial... In February 2026, the court handed down a decision excluding over 100 merchants from the opt-in class on procedural grounds.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FORBES, Simon Jonathan | Director | 2024-12-16 | Aug 1976 | British |
| SIMOES DE MATOS, Sandra Monica | Director | 2022-05-04 | Nov 1977 | Portuguese |
| STESSENS, Erik Jozef | Director | 2023-06-16 | Jul 1976 | Belgian |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCLAREN, John | Secretary | 2014-09-09 | 2025-10-10 |
| BARNETT, Mark David Ashley | Director | 2014-10-17 | 2021-04-09 |
| BERGER, Timothy Gerard | Director | 2014-09-09 | 2019-05-15 |
| DEVINE, Kelly Ann | Director | 2021-04-16 | 2024-05-31 |
| FRITZ, Eva Karin Aurora | Director | 2021-04-16 | 2022-04-27 |
| GODDARD, Justin Stuart | Director | 2014-10-17 | 2019-10-31 |
| GREGOIRE, Thibaut Patrick Andre | Director | 2014-09-09 | 2014-10-17 |
| KING, Marion Ruth | Director | 2014-09-09 | 2014-10-17 |
| PEREIRA, Scarlet | Director | 2019-05-15 | 2023-06-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mastercard Incorporated | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 49 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-07-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-26 | AA | accounts | Accounts with accounts type full | |
| 2025-11-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | AA | accounts | Accounts with accounts type full | |
| 2024-12-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-25 | AA | accounts | Accounts with accounts type full | |
| 2024-07-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-02 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-06-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-24 | AA | accounts | Accounts with accounts type full | |
| 2023-06-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-12 | AA | accounts | Accounts with accounts type full | |
| 2022-05-04 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-04 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- 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.