Trustuk Payments Ltd
Registered name: TRUSTUK PAYMENTS LTD
Part of Trust Payments Holdings Ltd groupTrustuk Payments Ltd made £116m revenue and £3.9m profit in the year to 31 Dec 2025.
Trustuk Payments Ltd’s revenue grew 2% to £116m in the year to 31 Dec 2025, with £3.9m profit and 0 employees. The company is classified under “activities of head offices” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 6 yrs · since 2019
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| 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) | £24.4k | £75.1m | £114m | £116m |
| Cost of sales | £72.7k | £56m | £82.1m | £87.1m |
| Gross profit | −£48.2k | £19.1m | £32.1m | £28.9m |
| Operating profit | — | £2.8m | £667k | £3.7m |
| Profit before tax | −£172k | £2.8m | £794k | £3.9m |
| Profit after tax | −£172k | £2.8m | £794k | £3.9m |
| Profit (best available) | −£172k | £2.8m | £794k | £3.9m |
| Employees (average) | 0 | 0 | 0 | 0 |
| Ratios | ||||
| Profit margin | −702.4% | 3.7% | 0.7% | 3.4% |
| Gross margin | −197.3% | 25.4% | 28.1% | 24.9% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲307103% | ▲52.1% | ▲1.6% |
| Profit growth | — | — | ▼71.6% | ▲395.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £449k | £18.4m | £10.7m | £4.2m |
| Net assets | −£76.9k | £3.1m | £3.9m | £7.8m |
| Current assets | £646k | £240m | £101m | £120m |
| Debtors | £4.8k | £2.7m | £4.1m | £5.2m |
| Deferred income | £32k | £1.9m | £3.7m | £5.1m |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2024 | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 3.4%
- Profit ÷ revenue.
- Gross margin
- 24.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 4.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4.5%
- Money owed by customers. Low = customers pay quickly.
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
- ▲102%
- Now £7.8m
- Cash at bank
- ▼60%
- Now £4.2m
- Headcount
- —
- Now 0
- Deferred income
- ▲36%
- Now £5.1m
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Trust Payments Holdings Ltdultimate parent75–100%
- Trust Payments Ltd75–100%
- Trustuk Payments Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- Trust Payments (UK) LtdRev. £12.8m · Profit −£5.6m
- 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).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £3.9m), 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.