qixpay limited
qixpay limited Company Information
Company Number
07373435
Website
www.qixpay.comRegistered Address
1 westleigh office park, scirocco close, northampton, NN3 6BW
Industry
Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Telephone
03331231243
Next Accounts Due
December 2024
Group Structure
View All
Directors
William Thomson7 Years
Shareholders
richmond international limited 100%
qixpay limited Estimated Valuation
Pomanda estimates the enterprise value of QIXPAY LIMITED at £396.2k based on a Turnover of £562k and 0.7x industry multiple (adjusted for size and gross margin).
qixpay limited Estimated Valuation
Pomanda estimates the enterprise value of QIXPAY LIMITED at £1.4m based on an EBITDA of £495.9k and a 2.81x industry multiple (adjusted for size and gross margin).
qixpay limited Estimated Valuation
Pomanda estimates the enterprise value of QIXPAY LIMITED at £2.6m based on Net Assets of £1.2m and 2.14x industry multiple (adjusted for liquidity).
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Qixpay Limited Overview
Qixpay Limited is a live company located in northampton, NN3 6BW with a Companies House number of 07373435. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in September 2010, it's largest shareholder is richmond international limited with a 100% stake. Qixpay Limited is a established, small sized company, Pomanda has estimated its turnover at £562k with high growth in recent years.
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Qixpay Limited Health Check
Pomanda's financial health check has awarded Qixpay Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £562k, make it smaller than the average company (£10m)
- Qixpay Limited
£10m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (5.4%)
- Qixpay Limited
5.4% - Industry AVG
Production
with a gross margin of 46.6%, this company has a comparable cost of product (46.6%)
- Qixpay Limited
46.6% - Industry AVG
Profitability
an operating margin of 81% make it more profitable than the average company (11.7%)
- Qixpay Limited
11.7% - Industry AVG
Employees
with 5 employees, this is below the industry average (49)
5 - Qixpay Limited
49 - Industry AVG
Pay Structure
on an average salary of £43.3k, the company has an equivalent pay structure (£43.3k)
- Qixpay Limited
£43.3k - Industry AVG
Efficiency
resulting in sales per employee of £112.4k, this is less efficient (£179.2k)
- Qixpay Limited
£179.2k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is near the average (59 days)
- Qixpay Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (51 days)
- Qixpay Limited
51 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Qixpay Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 147 weeks, this is more cash available to meet short term requirements (7 weeks)
147 weeks - Qixpay Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.5%, this is a lower level of debt than the average (59.3%)
9.5% - Qixpay Limited
59.3% - Industry AVG
QIXPAY LIMITED financials
Qixpay Limited's latest turnover from March 2023 is estimated at £562 thousand and the company has net assets of £1.2 million. According to their latest financial statements, Qixpay Limited has 5 employees and maintains cash reserves of £356.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | ||||||||||||
| Tax | ||||||||||||
| Profit After Tax | ||||||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | ||||||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 5 | 5 | 7 | 4 | 6 | 6 | 6 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 158,783 | 222,600 | 109,693 | 50,736 | 111,942 | 86,815 | 106,679 | 92,400 | 143,771 | 213,706 | 280,017 | 154,889 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 158,783 | 222,600 | 109,693 | 50,736 | 111,942 | 86,815 | 106,679 | 92,400 | 143,771 | 213,706 | 280,017 | 154,889 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 85,307 | 94,559 | 100,884 | 20,157 | 7,844 | 6,897 | 22,795 | 43,488 | 36,020 | 35,605 | 40,270 | 28,579 |
| Group Debtors | 728,946 | 1,205,808 | 703,378 | 546,378 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 3,314 | 241 | 0 | 133 | 13,712 | 0 | 0 | 0 | 0 | 0 |
| Cash | 356,062 | 148,807 | 111,404 | 19,438 | 30,056 | 25,220 | 13,431 | 58,643 | 18,495 | 47,603 | 2,461 | 11,311 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,170,315 | 1,449,174 | 918,980 | 586,214 | 37,900 | 32,250 | 49,938 | 102,131 | 54,515 | 83,208 | 42,731 | 39,890 |
| total assets | 1,329,098 | 1,671,774 | 1,028,673 | 636,950 | 149,842 | 119,065 | 156,617 | 194,531 | 198,286 | 296,914 | 322,748 | 194,779 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 42,500 | 8,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 13,783 | 19,058 | 41,741 | 30,412 | 46,117 | 35,898 | 47,122 | 1,489,568 | 1,544,340 | 1,574,590 | 1,558,327 | 856,092 |
| Group/Directors Accounts | 24,000 | 629,753 | 461,711 | 331,711 | 0 | 194,726 | 1,370,019 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 47,306 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 88,050 | 35,017 | 47,152 | 9,931 | 0 | 9,049 | 75,452 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 125,833 | 726,328 | 558,937 | 372,054 | 98,891 | 239,673 | 1,492,593 | 1,489,568 | 1,544,340 | 1,574,590 | 1,558,327 | 856,092 |
| loans | 0 | 112,917 | 41,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 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 |
| total long term liabilities | 0 | 112,917 | 41,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 125,833 | 839,245 | 600,604 | 372,054 | 98,891 | 239,673 | 1,492,593 | 1,489,568 | 1,544,340 | 1,574,590 | 1,558,327 | 856,092 |
| net assets | 1,203,265 | 832,529 | 428,069 | 264,896 | 50,951 | -120,608 | -1,335,976 | -1,295,037 | -1,346,054 | -1,277,676 | -1,235,579 | -661,313 |
| total shareholders funds | 1,203,265 | 832,529 | 428,069 | 264,896 | 50,951 | -120,608 | -1,335,976 | -1,295,037 | -1,346,054 | -1,277,676 | -1,235,579 | -661,313 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 40,935 | 29,400 | 67,648 | 103,854 | 51,012 | 87,720 | 55,894 | 93,275 | 98,067 | 91,885 | 71,110 | 20,310 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -486,114 | 492,791 | 240,800 | 558,932 | 814 | 7,030 | -6,981 | 7,468 | 415 | -4,665 | 11,691 | 28,579 |
| Creditors | -5,275 | -22,683 | 11,329 | -15,705 | 10,219 | 35,898 | -1,442,446 | -54,772 | -30,250 | 16,263 | 702,235 | 856,092 |
| Accruals and Deferred Income | 53,033 | -12,135 | 37,221 | 9,931 | -9,049 | 9,049 | 75,452 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | -42,500 | 34,167 | 8,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -605,753 | 168,042 | 130,000 | 331,711 | -194,726 | 194,726 | 1,370,019 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -47,306 | 47,306 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -112,917 | 71,250 | 41,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | 207,255 | 37,403 | 91,966 | -10,618 | 4,836 | 25,220 | -45,212 | 40,148 | -29,108 | 45,142 | -8,850 | 11,311 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 207,255 | 37,403 | 91,966 | -10,618 | 4,836 | 25,220 | -45,212 | 40,148 | -29,108 | 45,142 | -8,850 | 11,311 |
qixpay limited Credit Report and Business Information
Qixpay Limited Competitor Analysis
Perform a competitor analysis for qixpay limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in NN3 area or any other competitors across 12 key performance metrics.
qixpay limited Ownership
QIXPAY LIMITED group structure
Qixpay Limited has no subsidiary companies.
qixpay limited directors
Qixpay Limited currently has 1 director, Mr William Thomson serving since Apr 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Thomson | 61 years | Apr 2017 | - | Director |
P&L
March 2023turnover
562k
0%
operating profit
454.9k
0%
gross margin
46.7%
+5.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.2m
+0.45%
total assets
1.3m
-0.2%
cash
356.1k
+1.39%
net assets
Total assets minus all liabilities
qixpay limited company details
company number
07373435
Type
Private limited with Share Capital
industry
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
incorporation date
September 2010
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
cornerstone merchant services (south) limited (December 2010)
accountant
PIERCE C A LIMITED
auditor
-
address
1 westleigh office park, scirocco close, northampton, NN3 6BW
Bank
-
Legal Advisor
-
qixpay 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 3 charges/mortgages relating to qixpay limited. Currently there are 1 open charges and 2 have been satisfied in the past.
qixpay limited Companies House Filings - See Documents
| date | description | view/download |
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