GLOBAL CURRENCY EXCHANGE NETWORK LIMITEDActive
Key figures
GLOBAL CURRENCY EXCHANGE NETWORK LIMITED does not disclose its turnover in its latest accounts; the profit for the year is as stated in the accounts.
Ratios
2023/24Balance sheet structure
Dividends
from the accountsDividends paid in the financial year: £2,470,000 (114% of the profit for the year).
Filed accounts2022/23–2023/24
| 2022/23 | 2023/24 | |
|---|---|---|
| Profit for the year | 2,159,824 | -6,443,736 |
| Cash at bank and in hand | 129,629,905 | 121,830,800 |
| Total assets | 137,940,865 | 134,388,057 |
| Total liabilities | 138,414,896 | 128,195,171 |
| Net assets / total equity | 184,365 | 5,945,466 |
| Average number of employees | 67 | 1 |
| Average pay (per year) | 120,229 | 11,771,573 |
| Dividends paid | 2,470,000 | — |
A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.
Principal activity
Accounts 2024The Company provides payment services related to processing electronic transactions and facilitating payments between parties, acting as an intermediary between merchants, consumers, banks, and other corporate institutions. The Company is authorised and regulated by the Financial Conduct Authority (FCA) under the Payment Services Regulations (Firm Reference Number: 504346). The Company operates mainly from its UK offices in London but provides services globally. Additionally, the Company offers deliverable Foreign Exchange Services outside PSR regulations. The Company’s offerings are service orientated, streamlined propositions which are typically cheaper services than banks offer.
As described in the company's latest filed accounts.
Summary: GLOBAL CURRENCY EXCHANGE NETWORK LIMITED
Company
GLOBAL CURRENCY EXCHANGE NETWORK LIMITED is a private limited company registered with Companies House under company number 04675786. It was incorporated on 24 Feb 2003. Its status is active. The registered office is in London (EC2M). Its nature of business (SIC 2007) is other business support service activities n.e.c. (82990).
Accounts
The latest accounts in the database are for 2023/24 (period ending 31 Oct 2024); the company files full accounts. Loss for the year was £6,443,736. Net assets were £5,945,466, up 3,124.8% on the previous year. Cash at bank and in hand was £121,830,800. Total assets were £134,388,057 and total liabilities £128,195,171. The company had an average of 1 employee. Figures are available for 2 financial years (2022/23–2023/24).
Control and charges
One person with significant control is registered. 2 of 6 registered charges are outstanding.
Filing deadlines
The next accounts are due by 31 Jul 2026. The next confirmation statement is due by 10 Mar 2027.