VISA OPEN CONNECT LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-10-08 (in 5mo)
Last made up 2025-09-24
Watchouts
None on the register
Cash
£421K
-24.6% vs 2023
Net assets
£3B
+4.8% highest in 4 filed years
Employees
0
Average over period
Profit before tax
£102K
+130.1% vs 2023
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-09-30
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | — | — | -£45,000 | -£27,000 | |
| Profit before tax | — | — | -£339,000 | £102,000 | |
| Net profit | — | — | £3,139,000 | £77,000 | |
| Cash | £1 | £1 | £558,000 | £421,000 | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | £60,000 | £60,000 | £2,903,231,000 | £3,043,308,000 | |
| Equity | £60,000 | £60,000 | £2,903,231,000 | £3,043,308,000 | |
| Average employees | — | — | 0 | 0 | |
| Wages | — | — | £0 | £0 | |
| Directors' remuneration | — | — | £0 | £0 |
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 2024-09-30 vs 2023-09-30
-
Turnover
—
Not reported
-
Cash
-24.6%
£558,000 £421,000
-
Net assets
+4.8%
£2,903,231,000 £3,043,308,000
highest in 4 filed years
-
Employees
—
Not reported
-
Operating profit
+40%
-£45,000 -£27,000
-
Profit before tax
+130.1%
-£339,000 £102,000
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 | 2020-09-30 | 2021-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|
| Gearing (liabilities / total assets) | — | — | 0.0% | 0.0% | |
| Current ratio | — | — | 5.58x | 2.79x | |
| Interest cover | — | — | -0.14x | — |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- VISA OPEN CONNECT LIMITED · parent
- The Currency Cloud Group Limited 94.4%
- Tink AB 100%
Significant events
- “Subsequent to 30 September 2024, and as of the date of this report, Visa Int'l contributed $58 million, in aggregate, to the Company in exchange for the Company's issuance of a combined total of 58 million ordinary shares of $1.00 each in the capital of the Company to Visa Int'l.”
- “Also subsequent to 30 September 2024, and as of the date of this report, the Company contributed, in aggregate, a further $58 million to Tink, in exchange for shares.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DEAN, Sharon Julie | Director | 2022-09-29 | Jun 1971 | British |
| MONFRIES, Wayne George | Director | 2022-11-04 | Dec 1966 | American |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDRESKI, Peter | Director | 2022-09-29 | 2022-11-04 |
| CAHILL, Antony James | Director | 2021-06-22 | 2021-07-16 |
| HOFFMEISTER, James Holton | Director | 2021-06-16 | 2025-11-24 |
| KERR, Emma Tyle | Director | 2021-07-16 | 2022-09-29 |
| LIVINGSTON, Robert Philip | Director | 2021-06-22 | 2022-09-29 |
| NELSEN, Mark | Director | 2019-09-25 | 2021-06-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Visa Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-09-25 | Active |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-19 | SH01 | capital | Capital allotment shares | |
| 2025-12-10 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2025-11-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-04 | SH01 | capital | Capital allotment shares | |
| 2025-10-06 | CS01 | confirmation-statement | Confirmation statement | |
| 2025-10-02 | RP01SH01 | miscellaneous | Legacy | |
| 2025-10-02 | RP01SH01 | miscellaneous | Legacy | |
| 2025-09-30 | SH01 | capital | Capital allotment shares | |
| 2025-07-16 | SH01 | capital | Capital allotment shares | |
| 2025-07-16 | SH01 | capital | Capital allotment shares | |
| 2025-07-03 | AA | accounts | Accounts with accounts type full | |
| 2024-10-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-07 | SH01 | capital | Capital allotment shares | |
| 2024-06-27 | AA | accounts | Accounts with accounts type full | |
| 2024-06-12 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-06-12 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-06-05 | SH01 | capital | Capital allotment shares | |
| 2024-06-05 | SH01 | capital | Capital allotment shares | |
| 2024-06-05 | SH01 | capital | Capital allotment shares | |
| 2024-06-05 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 11
- 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.