FINSETA PAYMENT SOLUTIONS LIMITED
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Cash
£2.3M
+0.4% vs 2023
Net assets
£7.4M
+84.9% vs 2023
Employees
35
+20.7% vs 2023
Profit before tax
£4.3M
+26.7% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £9,905,919 | £11,861,662 | +19.7% | |
| Operating profit | £3,392,920 | £4,281,721 | +26.2% | |
| Profit before tax | £3,397,978 | £4,304,052 | +26.7% | |
| Net profit | £3,259,645 | £3,406,983 | +4.5% | |
| Cash | £2,295,832 | £2,305,363 | +0.4% | |
| Total assets less current liabilities | £4,554,671 | £7,685,947 | +68.7% | |
| Net assets | £4,011,116 | £7,418,099 | +84.9% | |
| Equity | £4,011,116 | £7,418,099 | +84.9% | |
| Average employees | 29 | 35 | +20.7% | |
| Wages | £2,390,042 | £3,104,519 | +29.9% | |
| Directors' remuneration | £125,712 | £165,903 | +32% |
Values shown as filed in the company's annual accounts. — 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 |
|---|---|---|---|
| Operating margin | 34.3% | 36.1% | |
| Net margin | 32.9% | 28.7% | |
| Return on capital employed | 74.5% | 55.7% | |
| Gearing (liabilities / total assets) | 41.4% | 22.5% | |
| Current ratio | 2.54x | 4.62x | |
| Interest cover | — | 80.81x |
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 3 times since incorporation
- FINSETA PAYMENT SOLUTIONS LIMITED 2024-04-24 → present
- CORNERSTONE PAYMENT SOLUTIONS LTD 2022-03-18 → 2024-04-24
- FXPRESS PAYMENT SERVICES LTD 2017-03-08 → 2022-03-18
- PLUTUSFX LTD 2010-03-12 → 2017-03-08
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“For these reasons, the Directors continue to adopt the going concern basis of accounting in preparing the Company's financial statements.”
Significant events
- “We made significant progress this year towards expanding our payment method offering with the signing of a long-term agreement with Mastercard to launch a corporate card scheme.”
- “The Finseta Corporate Card, which was launched post year end, is available to businesses as virtual or physical cards, has multi-currency capability and can be used in over 210 countries.”
- “During the year Cornerstone Middle East FZCO waived £702,430 of amounts loaned to the Company in prior periods (2023: £nil).”
- “In advance of its disposal on 4 June 2024, Capital Currencies Ltd waived £72,414 of amounts loaned to the Company in prior periods (2023: £nil).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CURTIS, Jordanna Rachel | Secretary | 2026-02-05 | — | — |
| BEST, Joshua Ashley George | Director | 2024-08-21 | Jun 1992 | British |
| CURTIS, Jordanna Rachel | Director | 2023-01-30 | Oct 1992 | British |
| HICKMAN, James Richard | Director | 2023-01-30 | Jun 1971 | British |
| RICHARDS, Andrew James | Director | 2026-02-20 | Oct 1977 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAPPE, Judy Amanda | Secretary | 2024-01-01 | 2026-02-05 |
| JELF, Thi Hanh | Secretary | 2021-02-01 | 2023-12-31 |
| BARRY, Philip | Director | 2014-10-29 | 2020-10-30 |
| CONIBEAR, Jason David | Director | 2020-07-15 | 2020-10-01 |
| EDWARDS, Gareth Maitland | Director | 2020-07-20 | 2021-10-05 |
| EVERSON, Terence James | Director | 2014-04-01 | 2023-02-03 |
| FLYNN, Stephen Benedict | Director | 2020-12-14 | 2022-06-01 |
| HAPPE, Judy Amanda | Director | 2020-12-14 | 2026-02-05 |
| HARTNUP, Stephen John | Director | 2014-04-01 | 2016-07-18 |
| MARSH, Steven Andrew | Director | 2010-03-12 | 2015-02-01 |
| MASON, David George | Director | 2020-12-21 | 2022-03-31 |
| NEWTON, William Timothy Milton | Director | 2010-09-21 | 2022-06-01 |
| THWAYTES, John Paul | Director | 2014-10-16 | 2018-07-31 |
| THWAYTES, John Paul | Director | 2010-03-12 | 2010-03-19 |
| WHEATLAND, Julian David | Director | 2020-08-14 | 2022-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cornerstone Fs Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-09-09 | Active |
| Mr Phillip Barry | Individual | Shares 25–50% | 2018-05-02 | Ceased 2020-09-09 |
| Mr John Paul Thwaytes | Individual | Shares 25–50% | 2016-04-06 | Ceased 2018-05-02 |
Filing timeline
Last 20 of 147 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-04-24 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-02-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-05-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-20 | AA | accounts | Accounts with accounts type full | |
| 2025-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-26 | AA | accounts | Accounts with accounts type full | |
| 2024-04-24 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-25 | CH01 | officers | Change person director company with change date | |
| 2024-01-25 | CH01 | officers | Change person director company with change date | |
| 2024-01-25 | CH01 | officers | Change person director company with change date | |
| 2024-01-25 | CH01 | officers | Change person director company with change date | |
| 2024-01-25 | CH01 | officers | Change person director company with change date | |
| 2024-01-07 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-01-07 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-06-12 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.