Pomanda estimates the enterprise value of TRUST PAYMENTS (UK) LTD at £13.4m based on a Turnover of £12m and 1.11x industry multiple (adjusted for size and gross margin).
trust payments (uk) ltdEstimated Valuation
£28.2m
Pomanda estimates the enterprise value of TRUST PAYMENTS (UK) LTD at £28.2m based on an EBITDA of £3.7m and a 7.57x industry multiple (adjusted for size and gross margin).
trust payments (uk) ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of TRUST PAYMENTS (UK) LTD at £0 based on Net Assets of £-3.5m and 2.25x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Trust Payments (uk) LtdOverview
Trust Payments (uk) Ltd is a live company located in london, EC3V 3DG with a Companies House number of 04591066. It operates in the other information technology service activities sector, SIC Code 62090. Founded in November 2002, it's largest shareholder is
trust payments ltd
with a 100% stake. Trust Payments (uk) Ltd is a mature,
mid sized company, Pomanda has estimated its turnover at
£12m with
high
growth in recent years.
Pomanda's financial health check has awarded Trust Payments (Uk) Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
6 Strong
2 Regular
3 Weak
Size
annual sales of £12m, make it larger than the average company (£7.4m)
£12m - Trust Payments (uk) Ltd
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (8%)
23% - Trust Payments (uk) Ltd
8% - Industry AVG
Production
with a gross margin of 69.9%, this company has a lower cost of product (51.7%)
69.9% - Trust Payments (uk) Ltd
51.7% - Industry AVG
Profitability
an operating margin of -22% make it less profitable than the average company (3.5%)
-22% - Trust Payments (uk) Ltd
3.5% - Industry AVG
Employees
with 67 employees, this is above the industry average (43)
67 - Trust Payments (uk) Ltd
43 - Industry AVG
Pay Structure
on an average salary of £45.8k, the company has a lower pay structure (£74.4k)
£45.8k - Trust Payments (uk) Ltd
£74.4k - Industry AVG
Efficiency
resulting in sales per employee of £179.5k, this is equally as efficient (£178.1k)
£179.5k - Trust Payments (uk) Ltd
£178.1k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is near the average (52 days)
46 days - Trust Payments (uk) Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 267 days, this is slower than average (33 days)
267 days - Trust Payments (uk) Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Trust Payments (uk) Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Trust Payments (uk) Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 124%, this is a higher level of debt than the average (64.7%)
124% - Trust Payments (uk) Ltd
64.7% - Industry AVG
TRUST PAYMENTS (UK) LTD financials
EXPORT
Trust Payments (Uk) Ltd's latest turnover from December 2023 is £12 million and the company has net assets of -£3.5 million. According to their latest financial statements, Trust Payments (Uk) Ltd has 67 employees and maintains cash reserves of £159.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Jun 2019
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
12,024,891
11,360,341
9,536,934
6,437,845
2,891,550
10,722,688
7,613,191
8,984,741
6,436,613
5,298,458
5,666,175
5,447,316
6,320,774
5,746,531
4,360,792
Other Income Or Grants
Cost Of Sales
3,625,182
3,457,765
3,035,740
1,506,010
372,083
1,164,292
906,474
726,330
414,781
453,691
620,026
818,158
1,172,818
875,686
1,129,706
Gross Profit
8,399,709
7,902,576
6,501,194
4,931,835
2,519,467
9,558,396
6,706,717
8,258,411
6,021,832
4,844,767
5,046,149
4,629,158
5,147,956
4,870,845
3,231,086
Admin Expenses
11,041,434
11,239,055
5,188,695
5,055,236
2,707,799
8,022,987
2,553,291
3,215,999
3,362,052
3,782,754
4,396,926
3,722,957
3,372,729
3,469,096
1,647,452
Operating Profit
-2,641,725
-3,336,479
1,312,499
-123,401
-188,332
1,535,409
4,153,426
5,042,412
2,659,780
1,062,013
649,223
906,201
1,775,227
1,401,749
1,583,634
Interest Payable
171,992
124,919
46,155
39,898
22,230
95,744
9,809,270
3,078,911
3,029,905
2,380,482
268,384
371
562
23
Interest Receivable
3
5
5
6,431
Pre-Tax Profit
-2,813,717
-3,461,398
1,266,344
-163,299
-210,562
1,439,665
-5,655,844
1,963,501
-370,125
-1,318,469
380,839
905,833
1,774,670
1,401,731
1,583,634
Tax
-170,000
257,783
-78,783
81,015
-24,207
9,758
22,351
-7,902
-2,910
-13,000
Profit After Tax
-2,813,717
-3,461,398
1,266,344
-163,299
-380,562
1,697,448
-5,655,844
1,884,718
-289,110
-1,342,676
390,597
928,184
1,766,768
1,398,821
1,570,634
Dividends Paid
4,181,466
4,187,965
Retained Profit
-2,813,717
-3,461,398
1,266,344
-163,299
-380,562
1,697,448
-5,655,844
-2,296,748
-289,110
-1,342,676
390,597
928,184
1,766,768
1,398,821
-2,617,331
Employee Costs
3,066,052
3,489,722
1,448,372
2,048,334
992,644
2,305,870
1,553,163
1,411,880
1,532,704
1,438,156
1,650,845
1,240,686
1,296,630
1,124,799
932,586
Number Of Employees
67
69
57
49
43
38
40
43
36
29
40
33
36
32
29
EBITDA*
3,721,992
1,623,342
2,760,704
531,580
-29,736
1,940,283
4,442,657
5,558,861
2,659,780
1,350,362
769,912
1,004,636
1,867,941
1,471,333
1,649,618
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Jun 2019
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
350,758
605,542
699,786
212,476
203,770
428,167
300,419
559,204
735,525
745,909
295,319
152,689
146,657
102,667
105,593
Intangible Assets
12,135,123
12,033,796
7,671,005
2,591,586
699,077
296,478
Investments & Other
Debtors (Due After 1 year)
170,000
Total Fixed Assets
12,485,881
12,639,338
8,370,791
2,804,062
902,847
724,645
300,419
559,204
735,525
745,909
295,319
152,689
146,657
102,667
105,593
Stock & work in progress
Trade Debtors
1,526,559
1,486,792
1,260,715
942,392
605,264
761,507
631,983
1,102,050
646,172
686,775
738,590
867,620
746,617
676,099
545,220
Group Debtors
216
9,953
8,718
1,216,909
979,687
510,841
23,262,548
20,369,147
26,903,289
20,755,056
8,963,650
7,491,636
4,496,675
1,635,458
Misc Debtors
559,357
421,862
727,683
132,751
74,500
91,218
172,469
113,542
427,124
141,627
193,353
99,716
194,658
278,885
136,808
Cash
159,245
234,872
48,045
236,162
202,289
491,496
26,496
192,697
20,406
85,213
131,099
1,104,801
98,488
59,997
9,938
misc current assets
8,685
total current assets
2,245,377
2,153,479
2,045,161
1,311,305
2,098,962
2,323,908
1,341,789
24,670,837
21,471,534
27,816,904
21,818,098
11,035,787
8,531,399
5,511,656
2,327,424
total assets
14,731,258
14,792,817
10,415,952
4,115,367
3,001,809
3,048,553
1,642,208
25,230,041
22,207,059
28,562,813
22,113,417
11,188,476
8,678,056
5,614,323
2,433,017
Bank overdraft
Bank loan
Trade Creditors
2,658,592
1,843,240
2,253,633
290,966
670,980
471,841
773,832
544,720
597,002
501,779
548,850
129,561
205,435
52,789
50,706
Group/Directors Accounts
13,200,256
11,035,565
4,674,091
1,605,000
7,505,500
6,484,915
4,689,090
2,984,028
1,742,725
198,040
other short term finances
17,956,846
15,770,647
hp & lease commitments
71,028
149,192
36,596
49,269
59,521
99,482
180,701
214,815
223,067
143,814
other current liabilities
984,104
1,059,276
290,491
685,031
588,439
403,880
381,562
370,326
1,212,035
1,285,004
636,993
468,891
507,941
612,827
377,110
total current liabilities
16,913,980
14,087,273
7,254,811
2,630,266
1,318,940
975,203
1,336,095
19,086,707
17,802,751
9,436,097
7,670,758
5,287,542
3,697,404
2,408,341
625,856
loans
303,098
322,936
183,358
546,112
837,496
13,815,664
8,151,128
hp & lease commitments
1,353,549
1,428,098
422,297
117,079
151,549
161,468
91,679
273,056
418,748
362,197
Accruals and Deferred Income
other liabilities
provisions
7,902
total long term liabilities
1,353,549
1,428,098
422,297
117,079
151,549
161,468
91,679
273,056
418,748
14,177,861
8,151,128
7,902
total liabilities
18,267,529
15,515,371
7,677,108
2,747,345
1,470,489
1,136,671
1,427,774
19,359,763
18,221,499
23,613,958
15,821,886
5,287,542
3,705,306
2,408,341
625,856
net assets
-3,536,271
-722,554
2,738,844
1,368,022
1,531,320
1,911,882
214,434
5,870,278
3,985,560
4,948,855
6,291,531
5,900,934
4,972,750
3,205,982
1,807,161
total shareholders funds
-3,536,271
-722,554
2,738,844
1,368,022
1,531,320
1,911,882
214,434
5,870,278
3,985,560
4,948,855
6,291,531
5,900,934
4,972,750
3,205,982
1,807,161
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Jun 2019
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
-2,641,725
-3,336,479
1,312,499
-123,401
-188,332
1,535,409
4,153,426
5,042,412
2,659,780
1,062,013
649,223
906,201
1,775,227
1,401,749
1,583,634
Depreciation
564,442
618,494
163,048
80,893
58,837
374,869
289,231
516,449
288,349
120,689
98,435
92,714
69,584
65,984
Amortisation
5,799,275
4,341,327
1,285,157
574,088
99,759
30,005
Tax
-170,000
257,783
-78,783
81,015
-24,207
9,758
22,351
-7,902
-2,910
-13,000
Stock
Debtors
167,525
-78,509
921,973
-821,530
1,896,673
2,002,412
-23,162,847
3,035,697
-6,289,248
6,044,692
11,756,013
1,498,075
2,981,252
3,134,173
2,317,486
Creditors
815,352
-410,393
1,962,667
-380,014
670,980
471,841
229,112
-52,282
95,223
-47,071
419,289
-75,874
152,646
2,083
50,706
Accruals and Deferred Income
-75,172
768,785
-394,540
96,592
588,439
403,880
11,236
-841,709
-72,969
648,011
168,102
-39,050
-104,886
235,717
377,110
Deferred Taxes & Provisions
-7,902
7,902
Cash flow from operations
4,294,647
2,060,243
3,406,858
1,069,688
-836,990
1,071,375
27,845,852
1,550,390
9,052,297
-4,117,597
-10,388,952
-593,914
-1,065,551
-1,427,950
-253,052
Investing Activities
capital expenditure
-6,210,260
-9,228,368
-7,014,934
-2,556,196
-1,061,443
-1,129,519
-30,446
-340,128
10,384
-738,939
-263,319
-104,467
-136,704
-66,658
-171,577
Change in Investments
cash flow from investments
-6,210,260
-9,228,368
-7,014,934
-2,556,196
-1,061,443
-1,129,519
-30,446
-340,128
10,384
-738,939
-263,319
-104,467
-136,704
-66,658
-171,577
Financing Activities
Bank loans
Group/Directors Accounts
2,164,691
6,361,474
3,069,091
1,605,000
-7,505,500
1,020,585
1,795,825
1,705,062
1,241,303
1,544,685
198,040
Other Short Term Loans
-17,956,846
2,186,199
15,770,647
Long term loans
-303,098
303,098
322,936
-362,754
-291,384
-12,978,168
5,664,536
8,151,128
Hire Purchase and Lease Commitments
-152,713
1,118,397
292,545
-44,722
211,070
260,950
-215,491
-153,944
135,804
506,011
other long term liabilities
share issue
104,478
1
1,911,882
214,434
4,181,466
-674,185
4,424,492
interest
-171,992
-124,919
-46,155
-39,898
-22,230
-95,744
-9,809,270
-3,078,911
-3,029,905
-2,380,482
-268,384
-368
-557
-18
6,431
cash flow from financing
1,839,986
7,354,952
3,419,959
1,217,283
2,403,820
702,576
-28,344,361
2,843,426
-8,281,307
4,810,650
9,678,569
1,704,694
1,240,746
1,544,667
4,628,963
cash and cash equivalents
cash
-75,627
186,827
-188,117
33,873
202,289
491,496
-166,201
172,291
-64,807
-45,886
-973,702
1,006,313
38,491
50,059
9,938
overdraft
change in cash
-75,627
186,827
-188,117
33,873
202,289
491,496
-166,201
172,291
-64,807
-45,886
-973,702
1,006,313
38,491
50,059
9,938
trust payments (uk) 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 trust payments (uk) ltd. Get real-time insights into trust payments (uk) ltd's credit score, group structure and payment trends.
Perform a competitor analysis for trust payments (uk) ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in EC3V area or any other competitors across 12 key performance metrics.
trust payments (uk) ltd Ownership
TRUST PAYMENTS (UK) LTD group structure
Trust Payments (Uk) Ltd has no subsidiary companies.
The sole shareholder of Trust Payments (Uk) Ltd is Trust Payments Ltd.
trust payments ltd
100%
trust payments (uk) ltd directors
Trust Payments (Uk) Ltd currently has 2 directors.
The longest serving directors include
Mr George Velikov (Jun 2020) and
Mr Laurence Booth (Oct 2024).
62090 - Other information technology and computer service activities
incorporation date
November 2002
age
23
incorporated
UK
ultimate parent company
CORDET EQUITY I SARL
accounts
Full Accounts
last accounts submitted
December 2023
previous names
securetrading ltd (November 2020)
peachmile limited (April 2003)
accountant
-
auditor
BLICK ROTHENBERG AUDIT LLP
address
1 royal exchange, royal exchange avenue, london, EC3V 3DG
Bank
-
Legal Advisor
-
trust payments (uk) 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 found 11 charges/mortgages relating to trust payments (uk) ltd. Currently there are 8 open charges and 3 have been satisfied in the past.
trust payments (uk) 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.
Click to start generating capital raising & share issue transactions for TRUST PAYMENTS (UK) LTD. This can take several minutes, an email will notify you when this has completed.
trust payments (uk) ltdCompanies House Filings - See Documents
