FINSETA PAYMENT SOLUTIONS LIMITED
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Cash
£1.2m
-48.3% lowest in 3 filed years
Net assets
£5.3m
-29% vs 2024
Employees
37
+5.7% highest in 3 filed years
Profit before tax
£1.7m
-60.8% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary 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 | £9,905,919 | £11,861,662 | £13,029,442 | +9.8% | |
| Operating profit | £3,392,920 | £4,281,721 | £1,664,499 | -61.1% | |
| Profit before tax | £3,397,978 | £4,304,052 | £1,685,600 | -60.8% | |
| Net profit | £3,259,645 | £3,406,983 | £1,254,801 | -63.2% | |
| Cash | £2,295,832 | £2,305,363 | £1,192,274 | -48.3% | |
| Total assets less current liabilities | £4,554,671 | £7,685,947 | £5,402,470 | -29.7% | |
| Net assets | £4,011,116 | £7,418,099 | £5,266,036 | -29% | |
| Equity | £4,011,116 | £7,418,099 | £5,266,036 | -29% | |
| Average employees | 29 | 35 | 37 | +5.7% | |
| Wages | £2,390,042 | £3,104,519 | £3,194,526 | +2.9% | |
| Directors' remuneration | £125,712 | £165,903 | £208,065 | +25.4% |
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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 34.3% | 36.1% | 12.8% | |
| Net margin | 32.9% | 28.7% | 9.6% | |
| Return on capital employed | 74.5% | 55.7% | 30.8% | |
| Gearing (liabilities / total assets) | 41.4% | 22.5% | 25.1% | |
| Current ratio | 2.54x | 4.62x | 4.13x | |
| Interest cover | — | 80.81x | 52.76x |
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
“As at 31 December 2025 the Company held a cash balance of £1,192,274 (31 December 2024: £2,305,363). The Directors have prepared cash flow forecasts covering a medium-term time horizon through to 31 December 2028. ... The scenario planning also indicates sufficient cash resources to continue to finance the company's working capital requirements over the forecast period. For these reasons, the Directors continue to adopt the going concern basis of accounting in preparing the Group's financial statements.”
Significant events
- “During the year the Company received €150,000 from a partner in the Company's Card product in support of the costs to launch the product. Under the terms of the arrangement, the Company is required to achieve specified transaction volume targets in order to retain the funds without recourse. Based on management's assessment at the reporting date, it is considered unlikely that the required targets will be achieved and, accordingly, a provision has been recognised for the potential repayment obligation due in 2029.”
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 149 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-04-24 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-03 | AA | accounts | Accounts with accounts type full | |
| 2026-06-01 | TM01 | officers | Termination director company with name termination date | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.