clearpay finance limited
clearpay finance limited Company Information
Company Number
05198026
Next Accounts
Sep 2025
Shareholders
block xyz technology llc
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
101 new cavendish street, london, W1W 6XH
Website
thinksmartworld.comclearpay finance limited Estimated Valuation
Pomanda estimates the enterprise value of CLEARPAY FINANCE LIMITED at £391.4m based on a Turnover of £103.8m and 3.77x industry multiple (adjusted for size and gross margin).
clearpay finance limited Estimated Valuation
Pomanda estimates the enterprise value of CLEARPAY FINANCE LIMITED at £274.9m based on an EBITDA of £21.1m and a 13.01x industry multiple (adjusted for size and gross margin).
clearpay finance limited Estimated Valuation
Pomanda estimates the enterprise value of CLEARPAY FINANCE LIMITED at £7.9m based on Net Assets of £5.9m and 1.34x industry multiple (adjusted for liquidity).
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Clearpay Finance Limited Overview
Clearpay Finance Limited is a live company located in london, W1W 6XH with a Companies House number of 05198026. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in August 2004, it's largest shareholder is block xyz technology llc with a 100% stake. Clearpay Finance Limited is a mature, mega sized company, Pomanda has estimated its turnover at £103.8m with rapid growth in recent years.
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Clearpay Finance Limited Health Check
Pomanda's financial health check has awarded Clearpay Finance Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
4 Weak
Size
annual sales of £103.8m, make it larger than the average company (£5.5m)
£103.8m - Clearpay Finance Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 87%, show it is growing at a faster rate (4.9%)
87% - Clearpay Finance Limited
4.9% - Industry AVG
Production
with a gross margin of 88.4%, this company has a lower cost of product (54%)
88.4% - Clearpay Finance Limited
54% - Industry AVG
Profitability
an operating margin of 19.7% make it more profitable than the average company (9.1%)
19.7% - Clearpay Finance Limited
9.1% - Industry AVG
Employees
with 111 employees, this is above the industry average (14)
111 - Clearpay Finance Limited
14 - Industry AVG
Pay Structure
on an average salary of £121.4k, the company has a higher pay structure (£82.7k)
£121.4k - Clearpay Finance Limited
£82.7k - Industry AVG
Efficiency
resulting in sales per employee of £934.7k, this is more efficient (£224.1k)
£934.7k - Clearpay Finance Limited
£224.1k - Industry AVG
Debtor Days
it gets paid by customers after 591 days, this is later than average (33 days)
591 days - Clearpay Finance Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 877 days, this is slower than average (46 days)
877 days - Clearpay Finance Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Clearpay Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is less cash available to meet short term requirements (29 weeks)
17 weeks - Clearpay Finance Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.3%, this is a higher level of debt than the average (70.9%)
98.3% - Clearpay Finance Limited
70.9% - Industry AVG
CLEARPAY FINANCE LIMITED financials
Clearpay Finance Limited's latest turnover from December 2023 is £103.8 million and the company has net assets of £5.9 million. According to their latest financial statements, Clearpay Finance Limited has 111 employees and maintains cash reserves of £80.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 103,754,176 | 127,544,537 | 54,962,575 | 15,742,101 | 89,949 | 11,298 | |||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 12,053,017 | 17,474,483 | 7,242,360 | 2,570,419 | 68,070 | ||||||||||
| Gross Profit | 91,701,159 | 110,070,054 | 47,720,215 | 13,171,682 | 21,879 | 11,298 | |||||||||
| Admin Expenses | 43,798,758 | 26,032,813 | 2,426,035 | 602,933 | |||||||||||
| Operating Profit | 3,921,457 | -12,861,131 | -2,404,156 | -591,635 | |||||||||||
| Interest Payable | 13,200,980 | 14,766,845 | 2,918,862 | 1,149,688 | 1,094 | 1,575 | |||||||||
| Interest Receivable | 607,375 | ||||||||||||||
| Pre-Tax Profit | 11,425,219 | -4,871,446 | 1,002,595 | -14,010,819 | -2,405,250 | -593,210 | |||||||||
| Tax | -2,717,217 | 2,548,621 | -264,344 | 3,174,231 | -11,945 | ||||||||||
| Profit After Tax | 8,708,002 | -2,322,825 | 738,251 | -10,836,588 | -2,417,195 | -593,210 | |||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | 8,708,002 | -2,322,825 | 738,251 | -10,836,588 | -2,417,195 | -593,210 | |||||||||
| Employee Costs | 13,476,358 | 20,293,959 | 8,994,301 | 6,246,534 | 1,120,995 | ||||||||||
| Number Of Employees | 111 | 110 | 60 | 34 | 12 | ||||||||||
| EBITDA* | 4,723,177 | -12,428,988 | -2,387,263 | -591,635 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 156,819 | 217,167 | 585,303 | 421,503 | 84,213 | ||||||||||
| Intangible Assets | 629,650 | 1,208,558 | 816,500 | 70,454 | 1,357,203 | ||||||||||
| Investments & Other | 6,004,998 | 8,733,539 | 3,155,990 | 3,162,286 | |||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 6,161,817 | 9,580,356 | 4,949,851 | 4,400,289 | 154,667 | 1,357,203 | |||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 168,151,767 | 121,905,385 | 69,261,978 | 29,587,787 | 1,920,187 | 84,386 | |||||||||
| Group Debtors | 91,581,314 | 17,670,084 | |||||||||||||
| Misc Debtors | 6,063,492 | 3,541,011 | 2,071,035 | 2,330,544 | 457,917 | ||||||||||
| Cash | 80,128,055 | 26,421,659 | 46,255,012 | 16,745,759 | 2,167,749 | 86,677 | 1 | ||||||||
| misc current assets | |||||||||||||||
| total current assets | 345,924,628 | 169,538,139 | 117,588,025 | 48,664,090 | 4,545,853 | 171,063 | 1 | ||||||||
| total assets | 352,086,445 | 179,118,495 | 122,537,876 | 53,064,379 | 4,700,520 | 1,528,266 | 1 | ||||||||
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 28,982,210 | 18,116,335 | 17,513,167 | 8,724,091 | 175,936 | 93,094 | |||||||||
| Group/Directors Accounts | 199,820,183 | 54,268,422 | 105,305,109 | 52,132,328 | 4,921,950 | ||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 526,495 | 335,397 | |||||||||||||
| other current liabilities | 14,229,544 | 9,285,087 | 9,839,770 | 3,635,145 | 1,966,753 | ||||||||||
| total current liabilities | 243,031,937 | 81,669,844 | 133,184,541 | 64,826,961 | 7,064,639 | 103,077 | |||||||||
| loans | 103,128,536 | 102,710,494 | 1,980,346 | ||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 11,945 | 38,052 | |||||||||||||
| total long term liabilities | 103,128,536 | 102,710,494 | 11,945 | 2,018,398 | |||||||||||
| total liabilities | 346,160,473 | 184,380,338 | 133,184,541 | 64,826,961 | 7,076,584 | 2,121,475 | |||||||||
| net assets | 5,925,972 | -5,261,843 | -10,646,665 | -11,762,582 | -2,376,064 | -593,209 | 1 | ||||||||
| total shareholders funds | 5,925,972 | -5,261,843 | -10,646,665 | -11,762,582 | -2,376,064 | -593,209 | 1 |
| Dec 2023 | Dec 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 3,921,457 | -12,861,131 | -2,404,156 | -591,635 | |||||||||||
| Depreciation | 103,033 | 107,778 | 577,226 | 343,126 | 12,535 | ||||||||||
| Amortisation | 629,650 | 1,209,837 | 224,494 | 89,017 | 4,358 | ||||||||||
| Tax | -2,717,217 | 2,548,621 | -264,344 | 3,174,231 | -11,945 | ||||||||||
| Stock | |||||||||||||||
| Debtors | 122,680,093 | 71,783,467 | 39,414,682 | 29,540,227 | 2,378,104 | ||||||||||
| Creditors | 10,865,875 | 603,168 | 8,789,076 | 8,548,155 | 82,842 | 93,094 | |||||||||
| Accruals and Deferred Income | 4,944,457 | -554,683 | 6,204,625 | 1,668,392 | 1,966,753 | ||||||||||
| Deferred Taxes & Provisions | -11,945 | -26,107 | 38,052 | ||||||||||||
| Cash flow from operations | -19,962,148 | -28,590,382 | -2,753,824 | -460,489 | |||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -2,728,541 | 5,577,549 | -6,296 | 3,162,286 | |||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 145,551,761 | -51,036,687 | 53,172,781 | 47,210,378 | 4,921,950 | ||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | 418,042 | 102,710,494 | -1,980,346 | 1,980,346 | |||||||||||
| Hire Purchase and Lease Commitments | -526,495 | 191,098 | 335,397 | ||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -12,593,605 | -14,766,845 | -2,918,862 | -1,149,688 | -1,094 | -1,575 | |||||||||
| cash flow from financing | 135,856,011 | 44,088,114 | 50,822,683 | 47,846,157 | 3,574,850 | 1,978,771 | 1 | ||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 53,706,396 | -19,833,353 | 29,509,253 | 14,578,010 | 2,081,072 | 86,676 | 1 | ||||||||
| overdraft | |||||||||||||||
| change in cash | 53,706,396 | -19,833,353 | 29,509,253 | 14,578,010 | 2,081,072 | 86,676 | 1 |
clearpay finance limited Credit Report and Business Information
Clearpay Finance Limited Competitor Analysis
Perform a competitor analysis for clearpay finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in W1W area or any other competitors across 12 key performance metrics.
clearpay finance limited Ownership
CLEARPAY FINANCE LIMITED group structure
Clearpay Finance Limited has 3 subsidiary companies.
Ultimate parent company
AFTERPAY LTD
#0146018
1 parent
CLEARPAY FINANCE LIMITED
05198026
3 subsidiaries
clearpay finance limited directors
Clearpay Finance Limited currently has 4 directors. The longest serving directors include Mr Barry Odes (Nov 2019) and Mr Richard Bayer (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Barry Odes | United Kingdom | 54 years | Nov 2019 | - | Director |
| Mr Richard Bayer | United Kingdom | 57 years | Feb 2022 | - | Director |
| Crissy Solh | United States | 44 years | Dec 2022 | - | Director |
| Ms Victoria Azalde | United States | 50 years | Feb 2023 | - | Director |
P&L
December 2023turnover
103.8m
-19%
operating profit
20.4m
0%
gross margin
88.4%
+2.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
5.9m
-2.13%
total assets
352.1m
+0.97%
cash
80.1m
+2.03%
net assets
Total assets minus all liabilities
clearpay finance limited company details
company number
05198026
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
August 2004
age
21
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
smartcheck limited (November 2017)
accountant
-
auditor
ERNST & YOUNG
address
101 new cavendish street, london, W1W 6XH
Bank
-
Legal Advisor
-
clearpay finance 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 2 charges/mortgages relating to clearpay finance limited. Currently there are 2 open charges and 0 have been satisfied in the past.
clearpay finance 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.
Click to start generating capital raising & share issue transactions for CLEARPAY FINANCE LIMITED. This can take several minutes, an email will notify you when this has completed.
clearpay finance limited Companies House Filings - See Documents
| date | description | view/download |
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