Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
15 castle street, worcester, WR1 3AD
Website
-
paylet ltdEstimated Valuation
£3.2m
Pomanda estimates the enterprise value of PAYLET LTD at £3.2m based on a Turnover of £1.3m and 2.47x industry multiple (adjusted for size and gross margin).
paylet ltdEstimated Valuation
£245.6k
Pomanda estimates the enterprise value of PAYLET LTD at £245.6k based on an EBITDA of £50.9k and a 4.83x industry multiple (adjusted for size and gross margin).
paylet ltdEstimated Valuation
£426.5k
Pomanda estimates the enterprise value of PAYLET LTD at £426.5k based on Net Assets of £244.3k and 1.75x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Paylet LtdOverview
Paylet Ltd is a live company located in worcester, WR1 3AD with a Companies House number of 04502107. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in August 2002, it's largest shareholder is
maurice s. nixon
with a 100% stake. Paylet Ltd is a mature,
small sized company, Pomanda has estimated its turnover at
£1.3m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Paylet Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
4 Strong
1 Regular
5 Weak
Size
annual sales of £1.3m, make it larger than the average company (£823k)
£1.3m - Paylet Ltd
£823k - Industry AVG
Growth
3 year (CAGR) sales growth of 134%, show it is growing at a faster rate (2.7%)
134% - Paylet Ltd
2.7% - Industry AVG
Production
with a gross margin of 30.4%, this company has a higher cost of product (72.9%)
30.4% - Paylet Ltd
72.9% - Industry AVG
Profitability
an operating margin of 3.9% make it less profitable than the average company (27.1%)
3.9% - Paylet Ltd
27.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Paylet Ltd
4 - Industry AVG
Pay Structure
on an average salary of £31k, the company has an equivalent pay structure (£31k)
£31k - Paylet Ltd
£31k - Industry AVG
Efficiency
resulting in sales per employee of £436k, this is more efficient (£178.4k)
£436k - Paylet Ltd
£178.4k - Industry AVG
Debtor Days
it gets paid by customers after 139 days, this is later than average (32 days)
139 days - Paylet Ltd
32 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (35 days)
8 days - Paylet Ltd
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Paylet Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Paylet Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.2%, this is a lower level of debt than the average (67.9%)
52.2% - Paylet Ltd
67.9% - Industry AVG
PAYLET LTD financials
EXPORT
Paylet Ltd's latest turnover from August 2023 is estimated at £1.3 million and the company has net assets of £244.3 thousand. According to their latest financial statements, Paylet Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Turnover
1,307,948
912,587
620,533
102,241
337,193
242,347
168,831
151,333
59,782
22,093
14,261
25,991
31,772
60,234
Other Income Or Grants
Cost Of Sales
910,628
646,488
449,328
72,156
238,550
168,290
114,069
102,176
42,543
16,029
10,551
19,003
23,151
42,035
Gross Profit
397,320
266,099
171,205
30,084
98,643
74,057
54,762
49,158
17,238
6,064
3,711
6,988
8,621
18,199
Admin Expenses
346,445
230,770
144,600
94,455
46,539
59,221
17,009
23,926
-1,653
-29,323
-534
-9,276
24,612
6,360
-80,373
Operating Profit
50,875
35,329
26,605
-64,371
52,104
14,836
37,753
25,232
18,891
35,387
4,245
16,264
-15,991
11,839
80,373
Interest Payable
Interest Receivable
1,159
141
141
905
908
289
256
635
597
479
510
702
703
262
Pre-Tax Profit
50,875
36,488
26,746
-64,230
53,009
15,743
38,042
25,489
19,526
35,984
4,725
16,774
-15,289
12,542
80,635
Tax
-12,719
-6,933
-5,082
-10,072
-2,991
-7,228
-5,098
-3,905
-7,557
-1,087
-4,026
-3,512
-22,578
Profit After Tax
38,156
29,555
21,664
-64,230
42,937
12,752
30,814
20,391
15,621
28,427
3,638
12,748
-15,289
9,030
58,057
Dividends Paid
Retained Profit
38,156
29,555
21,664
-64,230
42,937
12,752
30,814
20,391
15,621
28,427
3,638
12,748
-15,289
9,030
58,057
Employee Costs
93,000
89,532
135,868
108,588
110,233
106,128
101,328
103,200
26,000
24,884
23,766
24,101
23,469
24,096
Number Of Employees
3
3
5
4
4
4
4
4
1
1
1
1
1
1
EBITDA*
50,875
35,329
30,336
-59,707
57,935
18,596
41,744
29,401
20,810
37,564
7,147
20,134
-12,177
16,924
83,444
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Tangible Assets
9,554
11,942
14,927
18,658
23,322
15,081
15,964
16,680
5,756
6,529
8,706
11,608
11,440
15,254
9,215
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
9,554
11,942
14,927
18,658
23,322
15,081
15,964
16,680
5,756
6,529
8,706
11,608
11,440
15,254
9,215
Stock & work in progress
Trade Debtors
501,077
340,234
200,506
10,466
87,120
62,106
35,340
25,857
13,044
119
599
2,384
2,601
6,207
11,354
Group Debtors
Misc Debtors
Cash
132,439
149,130
132,697
108,506
133,504
97,938
107,117
146,902
91,879
99,840
104,209
176,502
104,728
misc current assets
total current assets
501,077
340,234
332,945
159,596
219,817
170,612
168,844
123,795
120,161
147,021
92,478
102,224
106,810
182,709
116,082
total assets
510,631
352,176
347,872
178,254
243,139
185,693
184,808
140,475
125,917
153,550
101,184
113,832
118,250
197,963
125,297
Bank overdraft
Bank loan
Trade Creditors
20,100
16,573
171,302
23,348
24,003
9,494
21,361
7,851
13,684
56,938
32,999
49,285
66,451
130,875
67,239
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
20,100
16,573
171,302
23,348
24,003
9,494
21,361
7,851
13,684
56,938
32,999
49,285
66,451
130,875
67,239
loans
hp & lease commitments
Accruals and Deferred Income
6,260
9,488
other liabilities
provisions
240,000
120,000
total long term liabilities
246,260
129,488
total liabilities
266,360
146,061
171,302
23,348
24,003
9,494
21,361
7,851
13,684
56,938
32,999
49,285
66,451
130,875
67,239
net assets
244,271
206,115
176,570
154,906
219,136
176,199
163,447
132,624
112,233
96,612
68,185
64,547
51,799
67,088
58,058
total shareholders funds
244,271
206,115
176,570
154,906
219,136
176,199
163,447
132,624
112,233
96,612
68,185
64,547
51,799
67,088
58,058
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Operating Activities
Operating Profit
50,875
35,329
26,605
-64,371
52,104
14,836
37,753
25,232
18,891
35,387
4,245
16,264
-15,991
11,839
80,373
Depreciation
3,731
4,664
5,831
3,760
3,991
4,169
1,919
2,177
2,902
3,870
3,814
5,085
3,071
Amortisation
Tax
-12,719
-6,933
-5,082
-10,072
-2,991
-7,228
-5,098
-3,905
-7,557
-1,087
-4,026
-3,512
-22,578
Stock
Debtors
160,843
139,728
190,040
-76,654
25,014
26,766
9,483
12,813
12,925
-480
-1,785
-217
-3,606
-5,147
11,354
Creditors
3,527
-154,729
147,954
-655
14,509
-11,867
13,510
-5,833
-43,254
23,939
-16,286
-17,166
-64,424
63,636
67,239
Accruals and Deferred Income
-3,228
9,488
Deferred Taxes & Provisions
120,000
120,000
Cash flow from operations
-2,388
-136,573
-16,832
16,292
37,358
-23,028
38,543
5,657
-39,274
54,426
-8,441
-841
-72,995
82,195
116,751
Investing Activities
capital expenditure
2,388
2,985
-14,072
-2,877
-3,275
-15,093
-1,146
-4,038
-11,124
-12,286
Change in Investments
cash flow from investments
2,388
2,985
-14,072
-2,877
-3,275
-15,093
-1,146
-4,038
-11,124
-12,286
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-10
9
1
interest
1,159
141
141
905
908
289
256
635
597
479
510
702
703
262
cash flow from financing
1,149
141
141
905
908
298
256
635
597
479
510
702
703
263
cash and cash equivalents
cash
-132,439
-16,691
16,433
24,191
-24,998
35,566
-9,179
-39,785
55,023
-7,961
-4,369
-72,293
71,774
104,728
overdraft
change in cash
-132,439
-16,691
16,433
24,191
-24,998
35,566
-9,179
-39,785
55,023
-7,961
-4,369
-72,293
71,774
104,728
paylet ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for paylet ltd. Get real-time insights into paylet ltd's credit score, group structure and payment trends.
Perform a competitor analysis for paylet ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in WR1 area or any other competitors across 12 key performance metrics.
paylet ltd Ownership
PAYLET LTD group structure
Paylet Ltd has no subsidiary companies.
Ultimate parent company
PAYLET LTD
04502107
PAYLET LTD Shareholders
The sole shareholder of Paylet Ltd is Maurice S. Nixon.
maurice s. nixon
100%
paylet ltd directors
Paylet Ltd currently has 2 directors.
The longest serving directors include
Ms Kim Nixon (Dec 2016) and
Ms Donna Nixon (Dec 2016).
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
August 2002
age
23
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
15 castle street, worcester, WR1 3AD
Bank
-
Legal Advisor
-
paylet ltd 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 did not find charges/mortgages relating to paylet ltd.
paylet ltd 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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