INTERSWITCH INTERNATIONAL UK LTD
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-02 (in 9mo)
Last made up 2026-01-19
Watchouts
None on the register
Cash
NGN 50,676,000,000
+16.2% vs 2024
Net assets
NGN 69,506,000,000
+30.1% vs 2024
Employees
1,555
+15.5% vs 2024
Profit before tax
NGN 23,380,000,000
+1,498.3% vs 2024
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | NGN 91,652,000,000 | NGN 137,510,000,000 | |
| Operating profit | NGN 9,667,000,000 | NGN 29,610,000,000 | |
| Profit before tax | NGN -1,672,000,000 | NGN 23,380,000,000 | |
| Net profit | NGN 1,224,000,000 | NGN 14,714,000,000 | |
| Cash | NGN 43,627,000,000 | NGN 50,676,000,000 | |
| Total assets less current liabilities | NGN 96,407,000,000 | NGN 111,958,000,000 | |
| Net assets | NGN 53,414,000,000 | NGN 69,506,000,000 | |
| Equity | NGN 53,414,000,000 | NGN 69,506,000,000 | |
| Average employees | 1,346 | 1,555 | |
| Wages | NGN 15,958,000,000 | NGN 28,416,000,000 | |
| Directors' remuneration | NGN 814,000,000 | NGN 817,000,000 |
Figures converted to GBP from NGN at spot per NGN (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+50%
NGN 91,652,000,000 NGN 137,510,000,000
-
Cash
+16.2%
NGN 43,627,000,000 NGN 50,676,000,000
-
Net assets
+30.1%
NGN 53,414,000,000 NGN 69,506,000,000
-
Employees
+15.5%
1,346 1,555
-
Operating profit
+206.3%
NGN 9,667,000,000 NGN 29,610,000,000
-
Profit before tax
+1,498.3%
NGN -1,672,000,000 NGN 23,380,000,000
-
Wages
+78.1%
NGN 15,958,000,000 NGN 28,416,000,000
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 10.5% | 21.5% | |
| Net margin | 1.3% | 10.7% | |
| Return on capital employed | 10.0% | 26.4% | |
| Gearing (liabilities / total assets) | 68.5% | 64.9% | |
| Current ratio | 1.33x | 1.40x | |
| Interest cover | 0.70x | 2.98x |
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.
Name history
Renamed 1 time since incorporation
- INTERSWITCH INTERNATIONAL UK LTD 2025-07-23 → present
- INTERSWITCH HOLDINGS LIMITED 2019-08-13 → 2025-07-23
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Arnold Hill & Co LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the review undertaken the Directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence and meet liabilities as they fall due for the foreseeable future. Accordingly, the Directors continue to adopt the going concern basis in preparing the Annual report and accounts.”
Group structure
- INTERSWITCH INTERNATIONAL UK LTD · parent
- Interswitch Limited
- Interswitch East Africa (U) Limited
- Interswitch Africa Holdings Limited
- Verve International
- M-Kudi Nigeria Limited
- E'clat Healthcare Limited
Significant events
- “In May 2025, M-Kudi Nigeria Limited (a subsidiary of Interswitch Limited) obtained final approval from the Central Bank of Nigeria for a Mobile Money Operator (MMO) license. This regulatory milestone enables the entity to offer mobile wallet services and expand its digital financial services offering.”
- “The board notes that the renewal process of the processing license in Nigeria for Interswitch limited, a trading subsidiary of the group, has commenced pre its August 25 expiry and is expected to complete, with CBN approval, post the implementation of the proposed group legal entity restructuring to meet CBN and other requirements.”
- “Post the balance sheet date, the Nigerian government has gazette new tax laws that will take effect from 1 January 2026. An analysis of the impact on the group is being undertaken ahead of the implementation date, but it is not feasible to provide definitive guidance of its impact on the group at this time.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OKEZIE, Tochukwu Uzodinma | Secretary | 2023-05-31 | — | — |
| CARRENA, Olusola Anthonia | Director | 2025-02-06 | May 1981 | Nigerian |
| CHAPLIN, John Morgan, Mr. | Director | 2019-10-04 | Feb 1952 | British |
| COOPER, Stephen John | Director | 2024-07-01 | Apr 1963 | British |
| ELEGBE, Mitchell Olusegun | Director | 2019-10-04 | Nov 1972 | Nigerian |
| MAGUIRE, John Noel | Director | 2019-10-04 | Jul 1965 | British |
| OLISA, Kenneth Aphunezi, Sir | Director | 2019-10-04 | Oct 1951 | British |
| OLOKUN-OLA, Karima | Director | 2022-05-04 | Mar 1970 | British |
| WADHERA, Naveen | Director | 2019-08-13 | Apr 1977 | American |
| YAZBECK, Elias | Director | 2024-03-14 | Feb 1987 | French |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NEWELL, Philip | Secretary | 2019-09-27 | 2022-04-05 |
| SOYOYE, Babatunde Temitope | Secretary | 2019-08-13 | 2019-10-14 |
| ADEFALA, Victoria Osondu | Director | 2020-12-10 | 2021-12-31 |
| ENGLISH, Rachel June | Director | 2020-01-01 | 2021-02-11 |
| JOSS, Imogen Melissa | Director | 2020-01-01 | 2021-11-30 |
| SHAH, Nimit Shantilal | Director | 2022-12-12 | 2024-03-14 |
| SHASORE, Olasupo | Director | 2019-10-04 | 2020-09-07 |
| SOYOYE, Babatunde Temitope | Director | 2019-08-13 | 2022-12-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ignite Holdco Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2019-11-21 | Active |
Filing timeline
Last 20 of 57 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-23 CERTNM Certificate change of name company PDF
- 2022-05-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-14 | CH01 | officers | Change person director company with change date | |
| 2025-11-11 | AA | accounts | Accounts with accounts type group | |
| 2025-07-23 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-07 | AAMD | accounts | Accounts amended with accounts type group | |
| 2024-11-22 | AA | accounts | Accounts with accounts type group | |
| 2024-08-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-29 | AA | accounts | Accounts with accounts type group | |
| 2024-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-02-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-11 | AA | accounts | Accounts with accounts type group | |
| 2023-01-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-26 | AA | accounts | Accounts with accounts type group | |
| 2022-05-20 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.