paysafe processing limited
paysafe processing limited Company Information
Company Number
03202516
Next Accounts
849 days late
Industry
Other business support service activities n.e.c.
Shareholders
paysafe holdings uk limited
Group Structure
View All
Contact
Registered Address
c/o bdo llp 5 temple square, temple street, liverpool, L2 5RH
Website
netbanx.compaysafe processing limited Estimated Valuation
Pomanda estimates the enterprise value of PAYSAFE PROCESSING LIMITED at £7.9m based on a Turnover of £7.1m and 1.11x industry multiple (adjusted for size and gross margin).
paysafe processing limited Estimated Valuation
Pomanda estimates the enterprise value of PAYSAFE PROCESSING LIMITED at £21.8m based on an EBITDA of £2.8m and a 7.9x industry multiple (adjusted for size and gross margin).
paysafe processing limited Estimated Valuation
Pomanda estimates the enterprise value of PAYSAFE PROCESSING LIMITED at £38.6m based on Net Assets of £16.3m and 2.37x industry multiple (adjusted for liquidity).
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Paysafe Processing Limited Overview
Paysafe Processing Limited is a live company located in liverpool, L2 5RH with a Companies House number of 03202516. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 1996, it's largest shareholder is paysafe holdings uk limited with a 100% stake. Paysafe Processing Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.1m with declining growth in recent years.
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Paysafe Processing Limited Health Check
Pomanda's financial health check has awarded Paysafe Processing Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
3 Weak
Size
annual sales of £7.1m, make it larger than the average company (£3.1m)
£7.1m - Paysafe Processing Limited
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (3%)
-15% - Paysafe Processing Limited
3% - Industry AVG
Production
with a gross margin of 96.2%, this company has a lower cost of product (37%)
96.2% - Paysafe Processing Limited
37% - Industry AVG
Profitability
an operating margin of 38.2% make it more profitable than the average company (5%)
38.2% - Paysafe Processing Limited
5% - Industry AVG
Employees
with 29 employees, this is above the industry average (24)
29 - Paysafe Processing Limited
24 - Industry AVG
Pay Structure
on an average salary of £75.7k, the company has a higher pay structure (£46.4k)
£75.7k - Paysafe Processing Limited
£46.4k - Industry AVG
Efficiency
resulting in sales per employee of £245k, this is more efficient (£145.3k)
£245k - Paysafe Processing Limited
£145.3k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is earlier than average (42 days)
32 days - Paysafe Processing Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 110 days, this is slower than average (32 days)
110 days - Paysafe Processing Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Paysafe Processing Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (23 weeks)
3 weeks - Paysafe Processing Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45.6%, this is a lower level of debt than the average (66%)
45.6% - Paysafe Processing Limited
66% - Industry AVG
PAYSAFE PROCESSING LIMITED financials
Paysafe Processing Limited's latest turnover from December 2020 is £7.1 million and the company has net assets of £16.3 million. According to their latest financial statements, Paysafe Processing Limited has 29 employees and maintains cash reserves of £912.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,103,945 | 10,058,028 | 17,324,371 | 11,631,273 | 27,307,600 | 22,966,400 | 18,408,986 | 19,761,556 | 17,481,051 | 12,763,073 | 3,720,991 | 3,191,704 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 268,992 | 356,618 | 2,382,454 | 6,474,879 | 21,570,853 | 17,445,107 | 12,996,953 | 12,727,268 | 10,223,815 | 6,477,606 | 2,276,828 | 2,068,147 |
| Gross Profit | 6,834,953 | 9,701,410 | 14,941,917 | 5,156,394 | 5,736,747 | 5,521,293 | 5,412,033 | 7,034,288 | 7,257,236 | 6,285,467 | 1,444,163 | 1,123,557 |
| Admin Expenses | 4,123,239 | 11,438,435 | 12,926,754 | 13,150,342 | 5,736,268 | 5,106,169 | 4,835,808 | 9,422,613 | 10,336,111 | 6,988,581 | 2,401,246 | 3,364,808 |
| Operating Profit | 2,711,714 | -1,737,025 | 2,015,163 | -7,993,948 | 479 | 415,124 | 576,225 | -2,388,325 | -3,078,875 | -703,114 | -957,083 | -2,241,251 |
| Interest Payable | 0 | 478,298 | 4,603,719 | 4,840,380 | 4,767,676 | 1,641,857 | 0 | 0 | 0 | 0 | 58,245 | 48,593 |
| Interest Receivable | 24,940 | 0 | 4,637,420 | 6,072,926 | 6,863,075 | 3,558,909 | 743,395 | 3,327 | 12,965 | 419 | 218 | 382 |
| Pre-Tax Profit | 2,736,654 | -2,215,323 | -3,843,457 | 59,359,046 | 2,095,878 | 2,332,176 | 1,159,790 | -2,384,998 | -3,065,910 | -702,695 | -956,865 | -2,240,869 |
| Tax | 85,114 | -491,754 | -9,612 | 76,318 | -271,090 | -333,042 | 0 | 0 | 0 | 0 | 0 | 1,990 |
| Profit After Tax | 2,821,768 | -2,707,077 | -3,853,069 | 59,435,364 | 1,824,788 | 1,999,134 | 1,159,790 | -2,384,998 | -3,065,910 | -702,695 | -956,865 | -2,238,879 |
| Dividends Paid | 0 | 0 | 79,878,731 | 115,024,001 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,821,768 | -2,707,077 | -83,731,800 | -55,588,637 | 1,824,788 | 1,999,134 | 1,159,790 | -2,384,998 | -3,065,910 | -702,695 | -956,865 | -2,238,879 |
| Employee Costs | 2,195,019 | 2,481,334 | 1,689,762 | 3,034,628 | 3,061,216 | 2,666,335 | 3,117,932 | 2,708,955 | 1,600,082 | 1,662,447 | 1,904,119 | 1,825,285 |
| Number Of Employees | 29 | 29 | 32 | 41 | 64 | 52 | 62 | 61 | 43 | 36 | 48 | 45 |
| EBITDA* | 2,757,382 | -1,629,620 | 2,490,177 | -7,617,523 | 431,630 | 1,346,995 | 1,521,919 | -1,287,097 | -1,890,732 | 511,421 | -325,476 | -975,306 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 23,303,413 | 23,615,622 | 32,588,513 | 123,610,135 | 183,657,770 | 155,492,005 | 74,897,461 | 741,921 | 703,800 | 744,151 | 911,380 | 501,270 |
| Intangible Assets | 0 | 36,690 | 110,069 | 6,094,974 | 6,401,364 | 6,056,352 | 6,689,041 | 7,318,696 | 8,050,628 | 8,759,896 | 5,017 | 487,869 |
| Investments & Other | 23,227,650 | 23,604,152 | 23,227,650 | 23,227,650 | 72,125,601 | 154,871,432 | 74,153,592 | 260 | 260 | 260 | 0 | 0 |
| Debtors (Due After 1 year) | 36,575 | 0 | 0 | 0 | 110,894,942 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 23,266,838 | 23,652,312 | 32,698,582 | 129,705,109 | 190,059,134 | 161,548,357 | 81,586,502 | 8,060,617 | 8,754,428 | 9,504,047 | 916,397 | 989,139 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 627,634 | 659,258 | 2,435,375 | 1,849,642 | 1,008,075 | 1,125,927 | 2,550,146 | 2,928,759 | 4,245,710 | 4,650,829 | 418,237 | 218,180 |
| Group Debtors | 4,511,999 | 12,244,320 | 53,706 | 1,474,968 | 70,312,418 | 58,193,849 | 62,107,281 | 6,357,901 | 1,918,136 | 3,885,784 | 1,531,237 | 1,500,000 |
| Misc Debtors | 59,719 | 63,095 | 47,726,404 | 32,363,233 | 688,743 | 197,468 | 58,620 | 168,565 | 756,300 | 1,252,207 | 134,775 | 136,140 |
| Cash | 912,249 | 2,635,562 | 3,298,702 | 2,637,283 | 2,843,053 | 2,393,668 | 2,336,249 | 2,653,710 | 3,526,036 | 2,357,889 | 1,534,848 | 1,075,536 |
| misc current assets | 0 | 0 | 3,977 | 10,786 | 0 | 0 | 5,815 | 5,815 | 5,815 | 24,167 | 5,815 | 5,815 |
| total current assets | 6,703,262 | 16,205,688 | 53,518,164 | 38,335,912 | 74,852,289 | 61,910,912 | 67,058,111 | 12,114,750 | 10,451,997 | 12,170,876 | 3,624,912 | 2,935,671 |
| total assets | 29,970,100 | 39,858,000 | 86,216,746 | 168,041,021 | 264,911,423 | 223,459,269 | 148,644,613 | 20,175,367 | 19,206,425 | 21,674,923 | 4,541,309 | 3,924,810 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 81,242 | 816,557 | 104,040 | 142,718 | 434,215 | 775,090 | 1,862,215 | 3,066,564 | 1,514,346 | 2,383,748 | 519,184 | 2,252,628 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 12,725,725 | 25,501,060 | 52,068,786 | 65,253,496 | 97,981,994 | 73,903,814 | 79,328,579 | 24,968,106 | 23,159,262 | 21,669,499 | 5,727,825 | 2,421,017 |
| total current liabilities | 12,806,967 | 26,317,617 | 52,172,826 | 65,396,214 | 98,416,209 | 74,678,904 | 81,190,794 | 28,034,670 | 24,673,608 | 24,053,247 | 6,247,009 | 4,673,645 |
| loans | 849,521 | 0 | 17,844,999 | 86,580,390 | 94,935,236 | 79,327,412 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 97,078 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 849,521 | 48,539 | 17,844,999 | 86,580,390 | 94,935,236 | 79,327,412 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 13,656,488 | 26,366,156 | 70,017,825 | 151,976,604 | 193,351,445 | 154,006,316 | 81,190,794 | 28,034,670 | 24,673,608 | 24,053,247 | 6,247,009 | 4,673,645 |
| net assets | 16,313,612 | 13,491,844 | 16,198,921 | 16,064,417 | 71,559,978 | 69,452,953 | 67,453,819 | -7,859,303 | -5,467,183 | -2,378,324 | -1,705,700 | -748,835 |
| total shareholders funds | 16,313,612 | 13,491,844 | 16,198,921 | 16,064,417 | 71,559,978 | 69,452,953 | 67,453,819 | -7,859,303 | -5,467,183 | -2,378,324 | -1,705,700 | -748,835 |
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 2,711,714 | -1,737,025 | 2,015,163 | -7,993,948 | 479 | 415,124 | 576,225 | -2,388,325 | -3,078,875 | -703,114 | -957,083 | -2,241,251 |
| Depreciation | 8,978 | 34,026 | 385,976 | 70,035 | 183,445 | 198,052 | 314,582 | 369,295 | 478,874 | 544,655 | 485,516 | 1,126,493 |
| Amortisation | 36,690 | 73,379 | 89,038 | 306,390 | 247,706 | 733,819 | 631,112 | 731,933 | 709,269 | 669,880 | 146,091 | 139,452 |
| Tax | 85,114 | -491,754 | -9,612 | 76,318 | -271,090 | -333,042 | 0 | 0 | 0 | 0 | 0 | 1,990 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -7,730,746 | -37,248,812 | 14,527,642 | -147,216,335 | 123,386,934 | -5,198,803 | 55,260,822 | 2,535,079 | -2,868,674 | 7,704,571 | 229,929 | 1,854,320 |
| Creditors | -735,315 | 712,517 | -38,678 | -291,497 | -340,875 | -1,087,125 | -1,204,349 | 1,552,218 | -869,402 | 1,864,564 | -1,733,444 | 2,252,628 |
| Accruals and Deferred Income | -12,775,335 | -26,567,726 | -13,184,710 | -32,728,498 | 24,078,180 | -5,424,765 | 54,360,473 | 1,808,844 | 1,489,763 | 15,941,674 | 3,306,808 | 2,421,017 |
| Deferred Taxes & Provisions | -97,078 | 97,078 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -3,034,486 | 9,369,307 | -25,270,465 | 106,655,135 | -99,489,089 | -299,134 | -582,779 | -461,114 | 1,598,303 | 10,613,088 | 1,017,959 | 1,846,009 |
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | -376,502 | 376,502 | 0 | -48,897,951 | -82,745,831 | 80,717,840 | 74,153,332 | 0 | 0 | 260 | 0 | 0 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 849,521 | -17,844,999 | -68,735,391 | -8,354,846 | 15,607,824 | 79,327,412 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | 24,940 | -478,298 | 33,701 | 1,232,546 | 2,095,399 | 1,917,052 | 743,395 | 3,327 | 12,965 | 419 | -58,027 | -48,211 |
| cash flow from financing | 874,461 | -18,323,297 | 15,164,614 | -7,029,224 | 17,985,460 | 81,244,464 | 74,896,727 | -3,795 | -9,984 | 30,490 | -58,027 | 1,441,833 |
| cash and cash equivalents | ||||||||||||
| cash | -1,723,313 | -663,140 | 661,419 | -205,770 | 449,385 | 57,419 | -317,461 | -872,326 | 1,168,147 | 823,041 | 459,312 | 1,075,536 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,723,313 | -663,140 | 661,419 | -205,770 | 449,385 | 57,419 | -317,461 | -872,326 | 1,168,147 | 823,041 | 459,312 | 1,075,536 |
paysafe processing limited Credit Report and Business Information
Paysafe Processing Limited Competitor Analysis
Perform a competitor analysis for paysafe processing limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in L 2 area or any other competitors across 12 key performance metrics.
paysafe processing limited Ownership
PAYSAFE PROCESSING LIMITED group structure
Paysafe Processing Limited has 2 subsidiary companies.
Ultimate parent company
PI JERSEY TOPCO LTD
#0100890
2 parents
PAYSAFE PROCESSING LIMITED
03202516
2 subsidiaries
paysafe processing limited directors
Paysafe Processing Limited currently has 2 directors. The longest serving directors include Mr Elliott Wiseman (Jun 2015) and Mr Shaun Lavelle (Dec 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Elliott Wiseman | England | 50 years | Jun 2015 | - | Director |
| Mr Shaun Lavelle | England | 51 years | Dec 2016 | - | Director |
P&L
December 2020turnover
7.1m
-29%
operating profit
2.7m
-256%
gross margin
96.3%
-0.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
16.3m
+0.21%
total assets
30m
-0.25%
cash
912.2k
-0.65%
net assets
Total assets minus all liabilities
paysafe processing limited company details
company number
03202516
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 1996
age
29
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2020
previous names
netbanx limited (December 2015)
accountant
-
auditor
DELOITTE LLP
address
c/o bdo llp 5 temple square, temple street, liverpool, L2 5RH
Bank
BARCLAYS BANK PLC
Legal Advisor
-
paysafe processing limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 10 charges/mortgages relating to paysafe processing limited. Currently there are 0 open charges and 10 have been satisfied in the past.
paysafe processing limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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paysafe processing limited Companies House Filings - See Documents
| date | description | view/download |
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