MP PAYMENTS OPERATIONS LIMITED
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Cash
£15M
USD 20,530,000
+1.2% vs 2024
Net assets
£21M
USD 27,595,000
+14.4% vs 2024
Employees
21
-41.7% vs 2024
Profit before tax
-£27M
USD -35,429,000
+62.7% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
Following the decision by HSBC Holdings plc, the ultimate parent, to close the Company's operations, and the MP Payments Group Board's approval of the wind down and liquidation plans on 22 January 2025, the financial statements have been prepared on a basis other than going concern. All assets and liabilities are presented at their estimated realisable and settlement amounts, respectively.
-
Going-concern uncertainty disclosed
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 | — | — | — | — | |
| Operating profit | -£41,032,340 | -£71,020,362 | -£26,522,683 | +62.7% | |
| Profit before tax | -£41,032,340 | -£71,020,362 | -£26,522,683 | +62.7% | |
| Net profit | -£31,965,863 | -£53,363,527 | -£19,854,020 | +62.8% | |
| Cash | £36,504,716 | £15,187,154 | £15,369,067 | +1.2% | |
| Total assets less current liabilities | £55,696,961 | £18,053,601 | £20,658,033 | +14.4% | |
| Net assets | £55,696,961 | £18,053,601 | £20,658,033 | +14.4% | |
| Equity | £55,696,961 | £18,053,601 | £20,658,033 | +14.4% | |
| Average employees | — | 36 | 21 | -41.7% | |
| Wages | £1,362,479 | £3,748,316 | £2,275,041 | -39.3% | |
| Directors' remuneration | £1,170,085 | £1,194,041 | £752,358 | -37% |
Figures converted to GBP from USD at 0.749 per USD (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 |
|---|---|---|---|---|
| Return on capital employed | -73.7% | -393.4% | -128.4% | |
| Gearing (liabilities / total assets) | 15.9% | 60.5% | 8.2% | |
| Current ratio | 4.41x | 1.65x | — |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“Following the decision by HSBC Holdings plc, the ultimate parent, to close the Company's operations, and the MP Payments Group Board's approval of the wind down and liquidation plans on 22 January 2025, the financial statements have been prepared on a basis other than going concern. All assets and liabilities are presented at their estimated realisable and settlement amounts, respectively.”
Significant events
- “The MP Payments Group Board approved formal liquidation plans on 22 January 2025. The Company transferred its Zing technology platform to HSBC Global Services (UK) Limited on 30 June 2025 and commenced wind-down activities, including terminating onerous contracts and providing for employee termination benefits.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAS, Sidharth, Mr. | Director | 2026-02-25 | Nov 1991 | British |
| NUTTALL, Emma Louise, Ms. | Director | 2025-05-23 | Jun 1977 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLAN, James Ramsay | Director | 2022-07-28 | 2025-05-23 |
| BAKANOVA, Irina | Director | 2022-07-28 | 2025-05-23 |
| JAMES, Christopher Paul | Director | 2022-07-28 | 2025-05-23 |
| RAM, Vivek | Director | 2025-05-23 | 2026-02-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mp Payments Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-07-28 | Active |
Filing timeline
Last 20 of 24 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | AA | accounts | Accounts with accounts type full | |
| 2026-02-26 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-10 | AA | accounts | Accounts with accounts type full | |
| 2025-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-27 | SH01 | capital | Capital allotment shares | |
| 2024-12-17 | SH01 | capital | Capital allotment shares | |
| 2024-10-31 | SH01 | capital | Capital allotment shares | |
| 2024-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-23 | AA | accounts | Accounts with accounts type full | |
| 2024-07-18 | SH01 | capital | Capital allotment shares | |
| 2023-11-17 | SH01 | capital | Capital allotment shares | |
| 2023-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-28 | SH01 | capital | Capital allotment shares | |
| 2023-05-23 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 4
- Officers appointed
- 1
- 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.