Paylet Ltd

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paylet ltd Company Information

Company Number

04502107

Next Accounts

May 2025

Directors

Kim Nixon

Donna Nixon

Shareholders

maurice s. nixon

donna nixon

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Group Structure

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Industry

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 ltd Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of PAYLET LTD at £3.2m based on a Turnover of £1.3m and 2.46x industry multiple (adjusted for size and gross margin).

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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 60% stake. Paylet Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with rapid growth in recent years.

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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 (£831k)

Growth

3 year (CAGR) sales growth of 134%, show it is growing at a faster rate (2.7%)

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	1,303,946	904,756	620,689	101,932	337,037	242,295	168,554	150,676	59,664	22,201	14,429	26,076	31,938	60,743
Other Income Or Grants
Cost Of Sales	910,847	641,488	450,559	71,899	237,830	168,066	113,865	101,732	42,429	16,107	10,683	19,065	23,272	42,340
Gross Profit	393,099	263,268	170,130	30,033	99,207	74,229	54,689	48,944	17,236	6,094	3,747	7,011	8,667	18,402
Admin Expenses	342,224	227,939	143,525	94,404	47,103	59,393	16,936	23,712	-1,655	-29,293	-498	-9,253	24,658	6,563	-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	92,898	89,458	135,868	108,398	110,233	106,197	101,328	103,074	26,000	24,823	23,742	24,122	23,462	24,105
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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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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 group structure

Paylet Ltd has no subsidiary companies.

Ultimate parent company

PAYLET LTD

04502107

PAYLET LTD Shareholders

maurice s. nixon	60%
donna nixon	20%
kim nixon	20%

Paylet Ltd currently has 2 directors. The longest serving directors include Ms Kim Nixon (Dec 2016) and Ms Donna Nixon (Dec 2016).

officer	country	age	start	end	role
Ms Kim Nixon		66 years	Dec 2016	-	Director
Ms Donna Nixon		57 years	Dec 2016	-	Director

P&L

August 2023

turnover

1.3m

+44%

operating profit

50.9k

gross margin

30.2%

+3.6%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

August 2023

net assets

244.3k

+0.19%

total assets

510.6k

+0.45%

cash

net assets

Total assets minus all liabilities

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company number

04502107

Type

Private limited with Share Capital

industry

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

ultimate parent company

None

previous names

N/A

address

15 castle street, worcester, WR1 3AD

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.

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paylet ltd Company Information

paylet ltd Estimated Valuation

paylet ltd Estimated Valuation

paylet ltd Estimated Valuation

Paylet Ltd Overview

Paylet Ltd Health Check

PAYLET LTD financials

paylet ltd Credit Report and Business Information

Paylet Ltd Competitor Analysis

paylet ltd Ownership

paylet ltd directors

paylet ltd company details

paylet ltd Charges & Mortgages

paylet ltd Capital Raised & Share Issues BETA

paylet ltd Companies House Filings - See Documents