mypay limited
mypay limited Company Information
Company Number
06425704
Next Accounts
Aug 2025
Shareholders
stephen martin hollins
dianna marie hollins
View AllGroup Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
sovereign house stockport road, cheadle, cheshire, SK8 2EA
Website
www.mypay.uk.commypay limited Estimated Valuation
Pomanda estimates the enterprise value of MYPAY LIMITED at £32.8m based on a Turnover of £49.7m and 0.66x industry multiple (adjusted for size and gross margin).
mypay limited Estimated Valuation
Pomanda estimates the enterprise value of MYPAY LIMITED at £1.3m based on an EBITDA of £281.3k and a 4.75x industry multiple (adjusted for size and gross margin).
mypay limited Estimated Valuation
Pomanda estimates the enterprise value of MYPAY LIMITED at £318.3k based on Net Assets of £138.7k and 2.3x industry multiple (adjusted for liquidity).
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Mypay Limited Overview
Mypay Limited is a live company located in cheshire, SK8 2EA with a Companies House number of 06425704. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 2007, it's largest shareholder is stephen martin hollins with a 42.2% stake. Mypay Limited is a established, large sized company, Pomanda has estimated its turnover at £49.7m with high growth in recent years.
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Mypay Limited Health Check
Pomanda's financial health check has awarded Mypay Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
6 Weak
Size
annual sales of £49.7m, make it larger than the average company (£3.9m)
£49.7m - Mypay Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (5.5%)
20% - Mypay Limited
5.5% - Industry AVG
Production
with a gross margin of 2.2%, this company has a higher cost of product (37.8%)
2.2% - Mypay Limited
37.8% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (5.9%)
0.6% - Mypay Limited
5.9% - Industry AVG
Employees
with 830 employees, this is above the industry average (23)
830 - Mypay Limited
23 - Industry AVG
Pay Structure
on an average salary of £58.9k, the company has a higher pay structure (£49k)
£58.9k - Mypay Limited
£49k - Industry AVG
Efficiency
resulting in sales per employee of £59.9k, this is less efficient (£154.9k)
£59.9k - Mypay Limited
£154.9k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (41 days)
5 days - Mypay Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (33 days)
0 days - Mypay Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mypay Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 41 weeks, this is more cash available to meet short term requirements (24 weeks)
41 weeks - Mypay Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.5%, this is a higher level of debt than the average (61.5%)
95.5% - Mypay Limited
61.5% - Industry AVG
MYPAY LIMITED financials
Mypay Limited's latest turnover from November 2023 is £49.7 million and the company has net assets of £138.7 thousand. According to their latest financial statements, Mypay Limited has 830 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 49,731,826 | 53,438,211 | 45,035,494 | 28,703,715 | 27,603,445 | 27,845,824 | 19,818,266 | 9,642,222 | 12,761,419 | 12,858,462 | 11,519,671 | 8,096,479 | 6,696,682 | ||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 48,619,342 | 52,244,859 | 43,937,500 | 28,529,608 | 26,726,907 | 26,964,148 | 19,166,008 | 9,303,004 | 12,300,501 | 12,384,738 | 11,084,294 | 7,780,786 | 6,481,627 | ||
| Gross Profit | 1,112,484 | 1,193,352 | 1,097,994 | 174,107 | 876,538 | 881,676 | 652,258 | 339,218 | 460,918 | 473,724 | 435,377 | 315,693 | 215,055 | 214,633 | |
| Admin Expenses | 831,209 | 804,490 | 602,567 | -97,722 | 474,146 | 453,197 | 350,627 | 234,366 | 318,672 | 315,047 | 227,599 | 116,802 | 89,647 | 85,655 | |
| Operating Profit | 281,275 | 388,862 | 495,427 | 271,829 | 402,392 | 428,479 | 301,631 | 104,852 | 142,246 | 158,677 | 207,778 | 198,891 | 125,408 | 128,978 | |
| Interest Payable | |||||||||||||||
| Interest Receivable | 24,577 | 4,892 | 199 | 1,310 | 2,131 | 1,082 | 290 | 218 | 249 | 381 | 450 | 310 | 250 | 257 | |
| Pre-Tax Profit | 305,852 | 393,754 | 495,626 | 273,139 | 404,523 | 429,561 | 301,921 | 105,070 | 142,495 | 159,058 | 208,228 | 199,201 | 125,658 | 129,235 | |
| Tax | -72,667 | -75,474 | -94,967 | -53,268 | -78,339 | -83,052 | -59,206 | -21,365 | -28,809 | -31,953 | -45,016 | -43,157 | -25,599 | -27,328 | |
| Profit After Tax | 233,185 | 318,280 | 400,659 | 219,871 | 326,184 | 346,509 | 242,715 | 83,705 | 113,686 | 127,105 | 163,212 | 156,044 | 100,059 | 101,907 | |
| Dividends Paid | 391,100 | 467,500 | 227,500 | 246,250 | 27,500 | 280,000 | 140,000 | 90,000 | 120,000 | 120,000 | 160,000 | 141,000 | 94,000 | 100,000 | |
| Retained Profit | -157,915 | -149,220 | 173,159 | -26,379 | 298,684 | 66,509 | 102,715 | -6,295 | -6,314 | 7,105 | 3,212 | 15,044 | 6,059 | 1,907 | |
| Employee Costs | 48,845,964 | 52,417,536 | 44,062,225 | 28,770,380 | 26,906,690 | 27,197,263 | 19,216,238 | 8,876,133 | 11,081,151 | 11,214,553 | 9,876,664 | 6,867,847 | 5,825,128 | 6,860,143 | |
| Number Of Employees | 830 | 886 | 803 | 588 | 632 | 606 | 450 | 236 | 289 | 290 | 280 | 194 | 143 | 159 | |
| EBITDA* | 281,289 | 388,941 | 495,533 | 272,174 | 402,852 | 428,804 | 302,453 | 105,479 | 151,526 | 168,179 | 217,366 | 199,633 | 126,341 | 129,828 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 43 | 58 | 318 | 1,035 | 1,380 | 2,142 | 2,466 | 1,880 | 1,718 | 10,998 | 20,059 | 2,227 | 2,800 | 2,879 | 2,968 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 43 | 58 | 318 | 1,035 | 1,380 | 2,142 | 2,466 | 1,880 | 1,718 | 10,998 | 20,059 | 2,227 | 2,800 | 2,879 | 2,968 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 693,837 | 514,841 | 476,861 | 355,053 | 467,007 | 419,517 | 328,258 | 89,577 | 173,418 | 172,398 | 19,260 | 14,365 | 16,649 | 14,403 | 24,851 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 41,056 | 49,454 | 46,562 | 23,916 | 29,717 | 32,774 | 18,183 | 8,244 | 8,585 | 7,511 | 7,062 | 11,005 | 5,466 | 3,431 | 52 |
| Cash | 2,333,445 | 2,894,672 | 2,980,452 | 1,921,735 | 1,487,091 | 1,430,139 | 1,440,211 | 311,409 | 670,402 | 709,349 | 1,023,071 | 829,751 | 509,723 | 516,456 | 481,815 |
| misc current assets | |||||||||||||||
| total current assets | 3,068,338 | 3,458,967 | 3,503,875 | 2,300,704 | 1,983,815 | 1,882,430 | 1,786,652 | 409,230 | 852,405 | 889,258 | 1,049,393 | 855,121 | 531,838 | 534,290 | 506,718 |
| total assets | 3,068,381 | 3,459,025 | 3,504,193 | 2,301,739 | 1,985,195 | 1,884,572 | 1,789,118 | 411,110 | 854,123 | 900,256 | 1,069,452 | 857,348 | 534,638 | 537,169 | 509,686 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 5,171 | 7,137 | 7,895 | 2,127 | 8,095 | 6,843 | 6,364 | 953 | 3,419 | 3,269 | 15,756 | 12,504 | 13,754 | 6,386 | 498,634 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 2,924,498 | 3,155,259 | 3,050,400 | 2,026,737 | 1,677,782 | 1,676,950 | 1,648,398 | 378,635 | 812,903 | 850,922 | 1,012,230 | 810,871 | 501,929 | 517,842 | |
| total current liabilities | 2,929,669 | 3,162,396 | 3,058,295 | 2,028,864 | 1,685,877 | 1,683,793 | 1,654,762 | 379,588 | 816,322 | 854,191 | 1,027,986 | 823,375 | 515,683 | 524,228 | 498,634 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 11 | 11 | 60 | 197 | 262 | 407 | 493 | 376 | 361 | 2,310 | 4,814 | 534 | 560 | 605 | 623 |
| total long term liabilities | 11 | 11 | 60 | 197 | 262 | 407 | 493 | 376 | 361 | 2,310 | 4,814 | 534 | 560 | 605 | 623 |
| total liabilities | 2,929,680 | 3,162,407 | 3,058,355 | 2,029,061 | 1,686,139 | 1,684,200 | 1,655,255 | 379,964 | 816,683 | 856,501 | 1,032,800 | 823,909 | 516,243 | 524,833 | 499,257 |
| net assets | 138,701 | 296,618 | 445,838 | 272,678 | 299,056 | 200,372 | 133,863 | 31,146 | 37,440 | 43,755 | 36,652 | 33,439 | 18,395 | 12,336 | 10,429 |
| total shareholders funds | 138,701 | 296,618 | 445,838 | 272,678 | 299,056 | 200,372 | 133,863 | 31,146 | 37,440 | 43,755 | 36,652 | 33,439 | 18,395 | 12,336 | 10,429 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 281,275 | 388,862 | 495,427 | 271,829 | 402,392 | 428,479 | 301,631 | 104,852 | 142,246 | 158,677 | 207,778 | 198,891 | 125,408 | 128,978 | |
| Depreciation | 14 | 79 | 106 | 345 | 460 | 325 | 822 | 627 | 9,280 | 9,502 | 9,588 | 742 | 933 | 850 | 590 |
| Amortisation | |||||||||||||||
| Tax | -72,667 | -75,474 | -94,967 | -53,268 | -78,339 | -83,052 | -59,206 | -21,365 | -28,809 | -31,953 | -45,016 | -43,157 | -25,599 | -27,328 | |
| Stock | |||||||||||||||
| Debtors | 170,598 | 40,872 | 144,454 | -117,755 | 44,433 | 105,850 | 248,620 | -84,182 | 2,094 | 153,587 | 952 | 3,255 | 4,281 | -7,069 | 24,903 |
| Creditors | -1,966 | -758 | 5,768 | -5,968 | 1,252 | 479 | 5,411 | -2,466 | 150 | -12,487 | 3,252 | -1,250 | 7,368 | -492,248 | 498,634 |
| Accruals and Deferred Income | -230,761 | 104,859 | 1,023,663 | 348,955 | 832 | 28,552 | 1,269,763 | -434,268 | -38,019 | -161,308 | 201,359 | 308,942 | -15,913 | 517,842 | |
| Deferred Taxes & Provisions | -49 | -137 | -65 | -145 | -86 | 117 | 15 | -1,949 | -2,504 | 4,280 | -26 | -45 | -18 | 623 | |
| Cash flow from operations | -194,703 | 376,647 | 1,285,406 | 679,583 | 282,019 | 268,847 | 1,269,918 | -268,423 | 80,805 | -193,660 | 380,289 | 460,887 | 87,871 | 135,145 | |
| Investing Activities | |||||||||||||||
| capital expenditure | -1,554 | -1,112 | -537 | -28,022 | -233 | -1,135 | -762 | ||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -1,554 | -1,112 | -537 | -28,022 | -233 | -1,135 | -762 | ||||||||
| 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 | |||||||||||||||
| interest | 24,577 | 4,892 | 199 | 1,310 | 2,131 | 1,082 | 290 | 218 | 249 | 381 | 450 | 310 | 250 | 257 | |
| cash flow from financing | 24,575 | 4,892 | 200 | 1,311 | -197,869 | 1,082 | 292 | 219 | 248 | 379 | 451 | 310 | 250 | 257 | |
| cash and cash equivalents | |||||||||||||||
| cash | -561,227 | -85,780 | 1,058,717 | 434,644 | 56,952 | -10,072 | 1,128,802 | -358,993 | -38,947 | -313,722 | 193,320 | 320,028 | -6,733 | 34,641 | 481,815 |
| overdraft | |||||||||||||||
| change in cash | -561,227 | -85,780 | 1,058,717 | 434,644 | 56,952 | -10,072 | 1,128,802 | -358,993 | -38,947 | -313,722 | 193,320 | 320,028 | -6,733 | 34,641 | 481,815 |
mypay limited Credit Report and Business Information
Mypay Limited Competitor Analysis
Perform a competitor analysis for mypay limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in SK8 area or any other competitors across 12 key performance metrics.
mypay limited Ownership
MYPAY LIMITED group structure
Mypay Limited has no subsidiary companies.
Ultimate parent company
MYPAY LIMITED
06425704
mypay limited directors
Mypay Limited currently has 3 directors. The longest serving directors include Mr Stephen Hollins (Nov 2007) and Mrs Dianna Hollins (Oct 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Hollins | England | 44 years | Nov 2007 | - | Director |
| Mrs Dianna Hollins | England | 43 years | Oct 2012 | - | Director |
| Dawid Jurkiewicz | 35 years | Mar 2018 | - | Director |
P&L
November 2023turnover
49.7m
-7%
operating profit
281.3k
-28%
gross margin
2.3%
+0.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
138.7k
-0.53%
total assets
3.1m
-0.11%
cash
2.3m
-0.19%
net assets
Total assets minus all liabilities
mypay limited company details
company number
06425704
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
November 2007
age
18
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
November 2023
previous names
N/A
accountant
-
auditor
LANGER & CO
address
sovereign house stockport road, cheadle, cheshire, SK8 2EA
Bank
-
Legal Advisor
-
mypay 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 did not find charges/mortgages relating to mypay limited.
mypay 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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mypay limited Companies House Filings - See Documents
| date | description | view/download |
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