GETNET MERCHANT SOLUTIONS UK LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-24 (this month)
Last made up 2025-05-10
Watchouts
Cash
£2M
-60.7% vs 2023
Net assets
£3M
-36.8% vs 2023
Employees
5
+150% highest in 3 filed years
Profit before tax
-£2M
-58.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Following a strategic review in 2024, the Company will no longer seek to provide merchant services. Management intends to enter the Company into voluntary strike off during the second half of 2025. The financial statements have therefore been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the entity's assets to net realisable value.
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | — | — | £659,469 | |
| Operating profit | — | — | — | |
| Profit before tax | — | -£1,275,503 | -£2,024,672 | |
| Net profit | — | -£978,508 | -£1,517,316 | |
| Cash | — | £4,680,114 | £1,837,030 | |
| Total assets less current liabilities | £1 | £4,133,185 | £2,604,176 | |
| Net assets | £1 | £4,121,492 | £2,604,176 | |
| Equity | £1 | £4,121,492 | £2,604,176 | |
| Average employees | 0 | 2 | 5 | |
| Wages | — | £233,747 | £1,163,770 | |
| Directors' remuneration | — | £178,528 | £316,291 |
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
-
Turnover
—
Not reported
-
Cash
-60.7%
£4,680,114 £1,837,030
-
Net assets
-36.8%
£4,121,492 £2,604,176
-
Employees
+150%
2 5
highest in 3 filed years
-
Profit before tax
-58.7%
-£1,275,503 -£2,024,672
-
Wages
+397.9%
£233,747 £1,163,770
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | — | 17.3% | 21.8% | |
| Current ratio | — | 5.86x | 4.58x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- UK-adopted IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Following a strategic review in 2024, the Company will no longer seek to provide merchant services. Management intends to enter the Company into voluntary strike off during the second half of 2025. The financial statements have therefore been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the entity's assets to net realisable value.”
Significant events
- “Following a strategic review by management during 2024, the Company will no longer continue to pursue activities towards the provision of merchant services and ceased trading in October 2024. Further reference around management's intention is provided under the going concern section below.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIES, Gerald John, Mr. | Director | 2023-05-17 | Feb 1986 | British |
| MIRANDA, Rubén Justel | Director | 2022-07-19 | May 1980 | Spanish |
| SUÁREZ PONCE DE LEÓN, Miguel, Mr. | Director | 2023-07-27 | Dec 1981 | Spanish,British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KHELA, Manroop Singh | Director | 2022-05-11 | 2023-05-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Banco Santander S.A. | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-05-11 | Active |
Filing timeline
Last 13 of 13 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-05-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-21 | AA | accounts | Accounts with accounts type micro entity | |
| 2023-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-24 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-29 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-26 | AA01 | accounts | Change account reference date company current shortened | |
| 2022-05-11 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.