CENTTRIP HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  The Parent Company breached covenant requirements under its bank loan agreement. As at the date of approval of the financial statements, the bank is contractually entitled to request immediate repayment of the outstanding loan amount of £411,340. The cash flow forecast has been prepared at Group level using estimates and assumptions regarding turnover growth and reduced administrative expenses which, if not achieved, could require the need for additional funding, which has yet to be secured. As stated in note 2.3, these conditions indicate a material uncertainty exists that may cast significant doubt over the Group's and Parent Company's ability to continue as a going concern.

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

  -6.5%

  £8,553,443 → £7,996,612

• Cash

  +143.8%

  £93,864 → £228,863

• Net assets

  +269.1%

  -£169,716 → £286,992

• Employees

  -3.9%

  51 → 49

• Operating profit

  -11.1%

  -£1,060,682 → -£1,178,847

• Profit before tax

  -7.3%

  -£1,247,620 → -£1,339,259

• Wages

  -1.8%

  £3,571,567 → £3,507,952

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Parent Company breached covenant requirements under its bank loan agreement. As at the date of approval of the financial statements, the bank is contractually entitled to request immediate repayment of the outstanding loan amount of £411,340. The cash flow forecast has been prepared at Group level using estimates and assumptions regarding turnover growth and reduced administrative expenses which, if not achieved, could require the need for additional funding, which has yet to be secured. As stated in note 2.3, these conditions indicate a material uncertainty exists that may cast significant doubt over the Group's and Parent Company's ability to continue as a going concern.”

Group structure

1. CENTTRIP HOLDINGS LIMITED · parent
   1. Centtrip Limited 100% · England
   2. Centtrip Europe BV 100% · Netherlands
   3. Centtrip Inc. 100% · United States of America

Significant events

• “The Group recorded a pre-tax loss of £1.34m, marginally higher than the previous year's loss of £1.25m. This increase was primarily driven by the liquidation of a key supply-chain partner, which created short-term operational uncertainty. These challenges have now been resolved, and the supply-chain relationship has been successfully transferred to an alternative provider.”
• “The Dutch sales office with its marine focus continues to be a key driver of both a growth in marine client numbers as well as marine revenues during 2024.”
• “In January 2024, Prepaid Card Services Ireland Limited (PCSIL), Centtrip Limited's card issuer, was put into voluntary liquidation by its parent EML Payments Limited (EML), forcing Centtrip Limited to transfer its issuing services to EML's UK based subsidiary Prepaid Financial Services Limited (PFSL). While this caused short term business disruption, the transfer was successfully completed in July 2024.”
• “In July 2025 a key supply chain partner took the decision to bring certain services in house that had previously been supplied by a third party and this caused operational difficulties for its customers. Centtrip Limited was adversely affected as part of this process and continues to work through the business and operational challenges that this has created and are confident that this will be resolved within the final quarter of 2025.”

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

Filings

14

last 12 months

Capital events

13

last 24 months

Officers appointed

0

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.