Section 172 Statement

Tim Goodfellow Tim Goodfellow is a content marketer and writer, leading content for IFX Payments. He has almost 10 years of experience as a writer and content creator in the Fintech space, including stints as a freelancer and at FF News, one of the sector's leading media outlets, before joining IFX. Here he helps shape content covering topics including payments infrastructure and cross-border payment challenges.

The directors of the parent company and the group, as those of all UK companies, must act in accordance with a set of general duties which are detailed in section 172 of the Companies Act 2006. The following paragraphs below summarise how the board of directors, both individually and together, have acted in the way that they consider, in good faith, would be the most likely to promote the success of the parent company and the group for the benefit of its shareholders as a whole and in doing so have regard (amongst other matters) to:

Risk management

Consideration of risks is an integral part of our operations which includes providing services to our clients in the often highly regulated environment.

Interests of our employees

Being committed to being a responsible business in which our behaviour is aligned with the expectations of our people, clients, investors and society as a whole.

Fostering business relationships

Our strategy is to prioritise organic growth driven by providing services to both; other Group entities and our clients.

Impact of the parent company’s and the group’s operations on the community and environment

Our approach is to create a positive approach to the clients and communities in which we interact with.

Maintaining a reputation for high standards of business conduct

Consideration of risks is an integral part of how the parent company, and the group operates on a daily basis which are reviewed and issued at Group level under its Corporate Governance policies including whistleblowing.

Date: Statement for the year ended 31 December 2024