payplan partnership limited
payplan partnership limited Company Information
Company Number
07199691
Website
www.payplan.comRegistered Address
kempton house kempton way, dysart road, grantham, NG31 7LE
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
08002802816
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
totemic (2014) holdings ltd 100%
payplan partnership limited Estimated Valuation
Pomanda estimates the enterprise value of PAYPLAN PARTNERSHIP LIMITED at £25m based on a Turnover of £12.9m and 1.94x industry multiple (adjusted for size and gross margin).
payplan partnership limited Estimated Valuation
Pomanda estimates the enterprise value of PAYPLAN PARTNERSHIP LIMITED at £13.1m based on an EBITDA of £1.8m and a 7.49x industry multiple (adjusted for size and gross margin).
payplan partnership limited Estimated Valuation
Pomanda estimates the enterprise value of PAYPLAN PARTNERSHIP LIMITED at £6m based on Net Assets of £3m and 2.01x industry multiple (adjusted for liquidity).
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Payplan Partnership Limited Overview
Payplan Partnership Limited is a live company located in grantham, NG31 7LE with a Companies House number of 07199691. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in March 2010, it's largest shareholder is totemic (2014) holdings ltd with a 100% stake. Payplan Partnership Limited is a established, mid sized company, Pomanda has estimated its turnover at £12.9m with healthy growth in recent years.
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Payplan Partnership Limited Health Check
Pomanda's financial health check has awarded Payplan Partnership Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £12.9m, make it larger than the average company (£5.5m)
£12.9m - Payplan Partnership Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (5%)
10% - Payplan Partnership Limited
5% - Industry AVG
Production
with a gross margin of 69.3%, this company has a comparable cost of product (59%)
69.3% - Payplan Partnership Limited
59% - Industry AVG
Profitability
an operating margin of 13.6% make it more profitable than the average company (9.1%)
13.6% - Payplan Partnership Limited
9.1% - Industry AVG
Employees
with 56 employees, this is above the industry average (16)
- Payplan Partnership Limited
16 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Payplan Partnership Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £230.3k, this is equally as efficient (£234.4k)
- Payplan Partnership Limited
£234.4k - Industry AVG
Debtor Days
it gets paid by customers after 208 days, this is later than average (30 days)
208 days - Payplan Partnership Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (34 days)
0 days - Payplan Partnership Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Payplan Partnership Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (36 weeks)
1 weeks - Payplan Partnership Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.6%, this is a similar level of debt than the average (58.5%)
60.6% - Payplan Partnership Limited
58.5% - Industry AVG
PAYPLAN PARTNERSHIP LIMITED financials
Payplan Partnership Limited's latest turnover from December 2023 is £12.9 million and the company has net assets of £3 million. According to their latest financial statements, we estimate that Payplan Partnership Limited has 56 employees and maintains cash reserves of £125.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,894,583 | 10,778,305 | 9,517,004 | 9,705,992 | 10,970,131 | 11,446,227 | 12,293,141 | 12,009,120 | 15,793,439 | 17,025,188 | 25,798,182 | 17,521,507 | 13,704,260 | 7,026,038 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 3,955,811 | 3,279,215 | 3,145,990 | 4,227,798 | 4,858,182 | 5,276,117 | 6,823,248 | 5,103,035 | 5,409,802 | 2,300,211 | 3,882,519 | 2,164,282 | 2,017,529 | 2,832,896 |
| Gross Profit | 8,938,772 | 7,499,090 | 6,371,014 | 5,478,194 | 6,111,949 | 6,170,110 | 5,469,893 | 6,906,085 | 10,383,637 | 14,724,977 | 21,915,663 | 15,357,225 | 11,686,731 | 4,193,142 |
| Admin Expenses | 7,186,122 | 6,809,506 | 6,320,492 | 5,207,821 | 5,718,956 | 8,063,247 | 5,623,227 | 7,434,372 | 7,724,288 | 14,686,204 | 20,033,494 | 11,289,046 | 10,047,387 | 5,360,946 |
| Operating Profit | 1,752,650 | 689,584 | 50,522 | 270,373 | 392,993 | -1,893,137 | -153,334 | -528,287 | 2,659,349 | 38,773 | 1,882,169 | 4,068,179 | 1,639,344 | -1,167,804 |
| Interest Payable | 12,234 | 7,739 | 5,066 | 11,135 | 84,867 | 82,272 | 81,419 | 58,717 | 1,889 | 17,277 | 59,077 | 107,431 | 180,577 | 87,288 |
| Interest Receivable | 0 | 0 | 439 | 0 | 0 | 0 | 676 | 26,240 | 78,338 | 38,880 | 11,675 | 20,415 | 5,135 | 5,582 |
| Pre-Tax Profit | 1,740,416 | 681,845 | 45,895 | 259,238 | 308,126 | -1,975,409 | -234,077 | -528,287 | 2,735,798 | 60,376 | 1,834,767 | 3,981,163 | 1,463,902 | -1,249,510 |
| Tax | 21,746 | 27,206 | 12,500 | 18,704 | 0 | 0 | -911 | 2,271 | -2,420 | -93,285 | -583,218 | -1,139,976 | -413,338 | 10 |
| Profit After Tax | 1,762,162 | 709,051 | 58,395 | 277,942 | 308,126 | -1,975,409 | -234,988 | -526,016 | 2,733,378 | -32,909 | 1,251,549 | 2,841,187 | 1,050,564 | -1,249,500 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000,000 | 1,000,000 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,762,162 | 709,051 | 58,395 | 277,942 | 308,126 | -1,975,409 | -234,988 | -4,526,016 | 1,733,378 | -32,909 | 1,251,549 | 2,841,187 | 1,050,564 | -1,249,500 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 19,098 | 3,364,563 | 3,962,147 | 3,967,960 | 3,756,263 | 3,342,567 | 2,574,214 | 1,273,740 |
| Number Of Employees | 1 | 152 | 191 | 202 | 199 | 175 | 150 | 4 | ||||||
| EBITDA* | 1,752,650 | 689,584 | 50,522 | 270,373 | 397,143 | -1,215,287 | 524,516 | 145,413 | 3,331,666 | 711,160 | 2,554,556 | 4,740,565 | 2,311,738 | -495,407 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70 | 140 | 210 | 287 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 4,150 | 2,698,950 | 3,376,800 | 4,033,900 | 4,706,217 | 5,378,534 | 6,050,851 | 6,723,167 | 7,395,484 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 80,156 | 58,410 | 31,204 | 18,704 | 0 | 0 | 0 | 952 | 2,291 | 0 | 100 | 0 | 0 | 0 |
| Total Fixed Assets | 80,156 | 58,410 | 31,204 | 18,704 | 0 | 4,150 | 2,698,950 | 3,377,752 | 4,036,191 | 4,706,217 | 5,378,704 | 6,050,991 | 6,723,377 | 7,395,771 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 7,371,216 | 5,249,334 | 2,816,324 | 2,025,606 | 2,273,485 | 1,947,462 | 1,574,441 | 843,915 | 4,382 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 14,000 | 0 | 0 | 0 | 0 | 123 | 0 | 1,476,762 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 6,369 | 424 | 0 | 2,546 | 187 | 11,332 | 12,919 | 21,745 | 21,274 | 23,598 | 13,760 | 155,779 | 174,856 | 179,642 |
| Cash | 125,370 | 100,837 | 151,848 | 89,977 | 163,922 | 104,283 | 199,907 | 226,766 | 356,139 | 385,227 | 277,488 | 621,698 | 270,565 | 267,496 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,905 | 1,609 | 819 | 4,762 |
| total current assets | 7,502,955 | 5,364,595 | 2,968,172 | 2,118,129 | 2,437,594 | 2,063,077 | 1,787,390 | 1,092,426 | 1,858,570 | 408,825 | 301,153 | 779,086 | 446,240 | 451,900 |
| total assets | 7,583,111 | 5,423,005 | 2,999,376 | 2,136,833 | 2,437,594 | 2,067,227 | 4,486,340 | 4,470,178 | 5,894,761 | 5,115,042 | 5,679,857 | 6,830,077 | 7,169,617 | 7,847,671 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,583 | 20,417 | 3,819 | 319 | 19,500 | 23,688 | 10,518 | 3,774 | 6,431 | 19,676 | 43,878 | 15,180 | 57,793 | 13,987 |
| Group/Directors Accounts | 4,494,375 | 4,095,125 | 2,329,692 | 1,608,714 | 2,099,866 | 2,044,681 | 2,540,905 | 1,913,271 | 0 | 906,790 | 926,256 | 146,170 | 38,479 | 584,176 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,908 | 254,962 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 93,401 | 80,873 | 148,326 | 68,656 | 137,026 | 125,782 | 86,432 | 469,660 | 294,389 | 328,013 | 800,923 | 2,627,953 | 4,383,806 | 3,150,295 |
| total current liabilities | 4,594,359 | 4,196,415 | 2,481,837 | 1,677,689 | 2,256,392 | 2,194,151 | 2,637,855 | 2,386,705 | 300,820 | 1,254,479 | 1,771,057 | 2,824,211 | 4,735,040 | 3,748,458 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,348,615 | 2,618,513 | 5,333,713 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,348,615 | 2,618,513 | 5,333,713 |
| total liabilities | 4,594,359 | 4,196,415 | 2,481,837 | 1,677,689 | 2,256,392 | 2,194,151 | 2,637,855 | 2,386,705 | 300,820 | 1,254,479 | 1,771,057 | 4,172,826 | 7,353,553 | 9,082,171 |
| net assets | 2,988,752 | 1,226,590 | 517,539 | 459,144 | 181,202 | -126,924 | 1,848,485 | 2,083,473 | 5,593,941 | 3,860,563 | 3,908,800 | 2,657,251 | -183,936 | -1,234,500 |
| total shareholders funds | 2,988,752 | 1,226,590 | 517,539 | 459,144 | 181,202 | -126,924 | 1,848,485 | 2,083,473 | 5,593,941 | 3,860,563 | 3,908,800 | 2,657,251 | -183,936 | -1,234,500 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,752,650 | 689,584 | 50,522 | 270,373 | 392,993 | -1,893,137 | -153,334 | -528,287 | 2,659,349 | 38,773 | 1,882,169 | 4,068,179 | 1,639,344 | -1,167,804 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70 | 70 | 70 | 77 | 76 |
| Amortisation | 0 | 0 | 0 | 0 | 4,150 | 677,850 | 677,850 | 673,700 | 672,317 | 672,317 | 672,317 | 672,316 | 672,317 | 672,321 |
| Tax | 21,746 | 27,206 | 12,500 | 18,704 | 0 | 0 | -911 | 2,271 | -2,420 | -93,285 | -583,218 | -1,139,976 | -413,338 | 10 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13 | 13 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,135,573 | 2,474,640 | 800,672 | -226,816 | 314,878 | 371,311 | 720,871 | -638,097 | 1,481,111 | 9,738 | -141,919 | -19,077 | -4,786 | 179,642 |
| Creditors | -13,834 | 16,598 | 3,500 | -19,181 | -4,188 | 13,170 | 6,744 | -2,657 | -13,245 | -24,202 | 28,698 | -42,613 | 43,806 | 13,987 |
| Accruals and Deferred Income | 12,528 | -67,453 | 79,670 | -68,370 | 11,244 | 39,350 | -383,228 | 175,271 | -33,624 | -472,910 | -1,827,030 | -1,755,853 | 1,233,511 | 3,150,295 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -362,483 | -1,808,705 | -654,480 | 428,342 | 89,321 | -1,534,078 | -573,750 | 958,408 | 1,801,253 | 111,025 | 314,925 | 1,821,200 | 3,180,503 | 2,489,243 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | -8,068,168 | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | -8,068,168 | |||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 399,250 | 1,765,433 | 720,978 | -491,152 | 55,185 | -496,224 | 627,634 | 1,913,271 | -906,790 | -19,466 | 780,086 | 107,691 | -545,697 | 584,176 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,908 | -220,054 | 254,962 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,348,615 | -1,269,898 | -2,715,200 | 5,333,713 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -12,234 | -7,739 | -4,627 | -11,135 | -84,867 | -82,272 | -80,743 | -32,477 | 76,449 | 21,603 | -47,402 | -87,016 | -175,442 | -81,706 |
| cash flow from financing | 387,016 | 1,757,694 | 716,351 | -502,287 | -29,682 | -578,496 | 546,891 | 2,896,342 | -830,341 | -13,191 | -650,839 | -1,469,277 | -3,181,377 | 5,851,183 |
| cash and cash equivalents | ||||||||||||||
| cash | 24,533 | -51,011 | 61,871 | -73,945 | 59,639 | -95,624 | -26,859 | -129,373 | -29,088 | 107,739 | -344,210 | 351,133 | 3,069 | 267,496 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 24,533 | -51,011 | 61,871 | -73,945 | 59,639 | -95,624 | -26,859 | -129,373 | -29,088 | 107,739 | -344,210 | 351,133 | 3,069 | 267,496 |
payplan partnership limited Credit Report and Business Information
Payplan Partnership Limited Competitor Analysis
Perform a competitor analysis for payplan partnership limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in NG31 area or any other competitors across 12 key performance metrics.
payplan partnership limited Ownership
PAYPLAN PARTNERSHIP LIMITED group structure
Payplan Partnership Limited has no subsidiary companies.
Ultimate parent company
1 parent
PAYPLAN PARTNERSHIP LIMITED
07199691
payplan partnership limited directors
Payplan Partnership Limited currently has 3 directors. The longest serving directors include Mr Nicholas Payne (Sep 2010) and Ms Rachel Duffey (Aug 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Payne | England | 47 years | Sep 2010 | - | Director |
| Ms Rachel Duffey | England | 46 years | Aug 2014 | - | Director |
| Mr John Fairhurst | England | 59 years | Sep 2014 | - | Director |
P&L
December 2023turnover
12.9m
+20%
operating profit
1.8m
+154%
gross margin
69.4%
-0.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3m
+1.44%
total assets
7.6m
+0.4%
cash
125.4k
+0.24%
net assets
Total assets minus all liabilities
payplan partnership limited company details
company number
07199691
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
March 2010
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
DUNCAN & TOPLIS AUDIT LTD
address
kempton house kempton way, dysart road, grantham, NG31 7LE
Bank
-
Legal Advisor
-
payplan partnership 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 1 charges/mortgages relating to payplan partnership limited. Currently there are 1 open charges and 0 have been satisfied in the past.
payplan partnership limited Companies House Filings - See Documents
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