How much does Trust Payments (UK) Ltd make?

Trust Payments (UK) Ltd reported revenue of £12.8m and a loss of £5.6m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Trust Payments (UK) Ltd have?

Trust Payments (UK) Ltd reported an average of 88 employees in the year to 31 Dec 2025.

Is Trust Payments (UK) Ltd profitable?

No — Trust Payments (UK) Ltd reported a loss of £5.6m in the year to 31 Dec 2025.

Company No. 04591066 · Incorporated 15 Nov 2002

Trust Payments (UK) Ltd

Registered name: TRUST PAYMENTS (UK) LTD

Part of Trust Payments Holdings Ltd group

Trust Payments (UK) Ltd made £12.8m revenue and a £5.6m loss in the year to 31 Dec 2025.

Trust Payments (UK) Ltd’s revenue grew 2% to £12.8m in the year to 31 Dec 2025, with a loss of £5.6m and 88 employees. The company is classified under “other information technology service activities” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities

Status: Active
Location: London, London
Age: 23 yrs · since 2002
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2025

Key figures

Revenue

£12.8m

Growth ▲2%

Profit

−£5.6m

Growth —

Profit margin

−44%

Gross 55.1%

Employees

Change ▲25.7%

Profit / employee

−£64k

Revenue/employee £146k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£11.4m	£12m	£12.6m	£12.8m
Cost of sales	£3.5m	£3.6m	£5.3m	£5.8m
Gross profit	£7.9m	£8.4m	£7.2m	£7.1m
Operating profit	−£3.3m	−£2.6m	−£5.2m	−£5.5m
Profit before tax	−£3.5m	−£2.8m	−£5.3m	−£5.6m
Profit after tax	−£3.5m	−£2.8m	−£5.3m	−£5.6m
Profit (best available)	−£3.5m	−£2.8m	−£5.3m	−£5.6m
Staff costs	£3.5m	£3.1m	£3.1m	£4.7m
Employees (average)	69	67	70	88
Ratios
Profit margin	−30.5%	−23.4%	−42.6%	−44%
Gross margin	69.6%	69.8%	57.6%	55.1%
Revenue per employee	£165k	£179k	£179k	£146k
Profit per employee	−£50.2k	−£42k	−£76.4k	−£64k
Growth (year on year)
Revenue growth	—	▲5.9%	▲4.5%	▲2%
Headcount growth	—	▼2.9%	▲4.5%	▲25.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£235k	£159k	£151k	£173k
Net assets	−£723k	−£3.5m	−£8.9m	−£14.5m
Fixed assets	£12.6m	£12.5m	£10m	£6.4m
Current assets	£2.2m	£2.2m	£11.8m	£20.9m
Debtors	£1.5m	£1.5m	£1.4m	£1.3m
Deferred income	£937k	£814k	£539k	£616k
Source	Accounts · bulk data Oct 2024	Accounts · bulk data Oct 2024	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −44%; Profit ÷ revenue.
Gross margin: 55.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £146k; Revenue ÷ average employees.
Profit per employee: −£64k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 50%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 4.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now −£14.5m
Cash at bank: ▲15%; Now £173k
Headcount: ▲26%; Now 88
Deferred income: ▲14%; Now £616k
Fixed assets: ▼36%; Now £6.4m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Trust Payments Holdings Ltdultimate parent75–100%
Trust Payments Ltd75–100%
Trust Payments (UK) Ltdthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (3)

Trustuk Payments LtdRev. £116m · Profit £3.9m
Trust Retail LtdRev. £2.6m · Profit £628k
Core Cloud Group LtdRev. £11k · Profit −£49.3k

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£5.6m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.