flywire payments limited
flywire payments limited Company Information
Company Number
07677601
Next Accounts
Sep 2025
Shareholders
flywire corporation
Group Structure
View All
Industry
Other activities auxiliary to financial services, except insurance and pension funding
Registered Address
6th floor 9 appold street, london, EC2A 2AP
Website
http://peertransfer.comflywire payments limited Estimated Valuation
Pomanda estimates the enterprise value of FLYWIRE PAYMENTS LIMITED at £94.5m based on a Turnover of £76.9m and 1.23x industry multiple (adjusted for size and gross margin).
flywire payments limited Estimated Valuation
Pomanda estimates the enterprise value of FLYWIRE PAYMENTS LIMITED at £23.6m based on an EBITDA of £4.2m and a 5.61x industry multiple (adjusted for size and gross margin).
flywire payments limited Estimated Valuation
Pomanda estimates the enterprise value of FLYWIRE PAYMENTS LIMITED at £30.1m based on Net Assets of £13.5m and 2.22x industry multiple (adjusted for liquidity).
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Flywire Payments Limited Overview
Flywire Payments Limited is a live company located in london, EC2A 2AP with a Companies House number of 07677601. It operates in the activities auxiliary to financial intermediation n.e.c. sector, SIC Code 66190. Founded in June 2011, it's largest shareholder is flywire corporation with a 100% stake. Flywire Payments Limited is a established, large sized company, Pomanda has estimated its turnover at £76.9m with rapid growth in recent years.
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Flywire Payments Limited Health Check
Pomanda's financial health check has awarded Flywire Payments Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £76.9m, make it larger than the average company (£4.1m)
£76.9m - Flywire Payments Limited
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 65%, show it is growing at a faster rate (9.4%)
65% - Flywire Payments Limited
9.4% - Industry AVG
Production
with a gross margin of 24.3%, this company has a higher cost of product (70%)
24.3% - Flywire Payments Limited
70% - Industry AVG
Profitability
an operating margin of 5.2% make it less profitable than the average company (8.8%)
5.2% - Flywire Payments Limited
8.8% - Industry AVG
Employees
with 64 employees, this is above the industry average (9)
64 - Flywire Payments Limited
9 - Industry AVG
Pay Structure
on an average salary of £172.1k, the company has a higher pay structure (£73.4k)
£172.1k - Flywire Payments Limited
£73.4k - Industry AVG
Efficiency
resulting in sales per employee of £1.2m, this is more efficient (£182.4k)
£1.2m - Flywire Payments Limited
£182.4k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (34 days)
4 days - Flywire Payments Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (37 days)
10 days - Flywire Payments Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Flywire Payments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is average cash available to meet short term requirements (28 weeks)
26 weeks - Flywire Payments Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.3%, this is a higher level of debt than the average (73.9%)
84.3% - Flywire Payments Limited
73.9% - Industry AVG
FLYWIRE PAYMENTS LIMITED financials
Flywire Payments Limited's latest turnover from December 2023 is £76.9 million and the company has net assets of £13.5 million. According to their latest financial statements, Flywire Payments Limited has 64 employees and maintains cash reserves of £16.4 million 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 76,929,751 | 41,630,912 | 22,019,504 | 16,996,626 | 14,490,744 | 9,404,403 | 2,483,213 | 574,198 | 76,630 | ||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 58,232,969 | 31,061,799 | 15,387,062 | 11,052,593 | 8,978,016 | 1,274,324 | 315,289 | 222 | |||||
| Gross Profit | 18,696,782 | 10,569,113 | 6,632,442 | 5,944,033 | 5,512,728 | 1,208,889 | 258,909 | 76,408 | |||||
| Admin Expenses | 14,698,879 | 11,585,151 | 4,951,587 | 5,152,552 | 466,060 | 236,161 | |||||||
| Operating Profit | 3,997,903 | -1,016,038 | 992,446 | 360,176 | -207,151 | -159,753 | |||||||
| Interest Payable | 904,571 | 1,989 | 9 | ||||||||||
| Interest Receivable | 303,763 | 698 | |||||||||||
| Pre-Tax Profit | 3,414,095 | 1,312,660 | 760,967 | 992,446 | 358,187 | -375,773 | -207,151 | -159,762 | |||||
| Tax | -211,138 | 1,683,172 | 1,155,832 | -268,893 | -161,735 | ||||||||
| Profit After Tax | 3,202,957 | 2,995,832 | 1,916,799 | 723,553 | 196,452 | -375,773 | -207,151 | -159,762 | |||||
| Dividends Paid | |||||||||||||
| Retained Profit | 3,202,957 | 2,995,832 | 1,916,799 | 723,553 | 196,452 | -375,773 | -207,151 | -159,762 | |||||
| Employee Costs | 11,012,896 | 8,530,101 | 4,946,475 | 3,416,085 | 3,147,017 | ||||||||
| Number Of Employees | 64 | 45 | 33 | 36 | 31 | 26 | 14 | 9 | 4 | ||||
| EBITDA* | 4,209,987 | -788,073 | 1,342,478 | 739,230 | -206,338 | -159,753 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 51,479 | 126,115 | 133,397 | 156,547 | 201,210 | 274,632 | 22,314 | 7,808 | 2,647 | ||||
| Intangible Assets | 101,004 | 230,397 | 382,401 | 535,894 | 795,742 | 1,090,984 | 1,405,603 | 1,074,329 | |||||
| Investments & Other | 47,882,968 | 47,582,964 | 47,582,964 | 539,100 | 533,453 | 875,694 | 1,490,123 | ||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 48,035,451 | 47,939,476 | 48,098,762 | 1,231,541 | 1,530,405 | 1,365,616 | 1,427,917 | 1,957,831 | 1,492,770 | ||||
| Stock & work in progress | |||||||||||||
| Trade Debtors | 968,826 | 274,098 | 127,179 | 343,178 | 41,809 | 44,288 | 86,675 | 66,810 | 11,931 | ||||
| Group Debtors | 9,675,172 | 2,636,371 | 17,526,038 | 20,413,146 | 14,651,812 | 11,817,334 | 6,507,040 | 1,411,381 | 68,554 | 17,322 | |||
| Misc Debtors | 11,104,327 | 8,845,021 | 2,534,488 | 2,170,107 | 794,998 | 426,446 | 76,924 | 19,064 | 46,214 | 2,640 | |||
| Cash | 16,396,975 | 10,391,145 | 6,841,868 | 3,930,725 | 2,923,751 | 3,286,092 | 720,543 | 1,201,811 | 314,129 | 189,859 | |||
| misc current assets | |||||||||||||
| total current assets | 38,145,300 | 22,146,635 | 27,029,573 | 26,857,156 | 18,412,370 | 15,574,160 | 7,391,182 | 2,699,066 | 440,828 | 209,821 | |||
| total assets | 86,180,751 | 70,086,111 | 75,128,335 | 28,088,697 | 19,942,775 | 16,939,776 | 8,819,099 | 4,656,897 | 1,933,598 | 209,821 | |||
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 1,683,373 | 2,691,640 | 901,276 | 526,626 | 555,968 | 72,444 | 39,439 | 5,379 | 1,165 | ||||
| Group/Directors Accounts | 16,307,863 | 10,491,343 | 20,233,385 | 19,819,315 | 12,581,859 | 14,363,373 | 7,950,084 | 4,294,437 | 1,467,023 | ||||
| other short term finances | 488,000 | ||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 14,643,616 | 7,641,752 | 5,649,311 | 4,195,201 | 4,093,489 | 1,094,959 | 663,568 | 583,424 | 315,980 | 10,244 | |||
| total current liabilities | 32,634,852 | 20,824,735 | 27,271,972 | 24,541,142 | 17,231,316 | 15,530,776 | 8,653,091 | 4,883,240 | 1,784,168 | 10,244 | |||
| loans | 40,000,000 | 40,000,000 | 2,157,000 | ||||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 2,490 | 2,490 | |||||||||||
| provisions | |||||||||||||
| total long term liabilities | 40,002,490 | 40,002,490 | 2,157,000 | ||||||||||
| total liabilities | 72,637,342 | 60,827,225 | 29,428,972 | 24,541,142 | 17,231,316 | 15,530,776 | 8,653,091 | 4,883,240 | 1,784,168 | 10,244 | |||
| net assets | 13,543,409 | 9,258,886 | 45,699,363 | 3,547,555 | 2,711,459 | 1,409,000 | 166,008 | -226,343 | 149,430 | 199,577 | |||
| total shareholders funds | 13,543,409 | 9,258,886 | 45,699,363 | 3,547,555 | 2,711,459 | 1,409,000 | 166,008 | -226,343 | 149,430 | 199,577 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 3,997,903 | -1,016,038 | 992,446 | 360,176 | -207,151 | -159,753 | |||||||
| Depreciation | 79,292 | 75,961 | 65,068 | 90,184 | 83,812 | 51,505 | 7,533 | 1,339 | 813 | ||||
| Amortisation | 132,792 | 152,004 | 153,493 | 259,848 | 295,242 | 335,544 | 220,888 | 147,258 | |||||
| Tax | -211,138 | 1,683,172 | 1,155,832 | -268,893 | -161,735 | ||||||||
| Stock | |||||||||||||
| Debtors | 9,992,835 | -8,432,215 | -2,738,726 | 7,437,812 | 3,200,551 | 5,617,429 | 5,173,384 | 1,370,556 | 106,737 | 19,962 | |||
| Creditors | -1,008,267 | 1,790,364 | 374,650 | -29,342 | 483,524 | 33,005 | 34,060 | 4,214 | 1,165 | ||||
| Accruals and Deferred Income | 7,001,864 | 1,992,441 | 1,454,110 | 101,712 | 2,998,530 | 431,391 | 80,144 | 267,444 | 305,736 | 10,244 | |||
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | -389 | 13,110,119 | -6,291,857 | 858,998 | -6,174 | -169,471 | |||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 300,004 | 47,043,864 | 5,647 | 533,453 | -875,694 | -614,429 | 1,490,123 | ||||||
| cash flow from investments | -5,647 | -533,453 | |||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | 5,816,520 | -9,742,042 | 414,070 | 7,237,456 | -1,781,514 | 6,413,289 | 3,655,647 | 2,827,414 | 1,467,023 | ||||
| Other Short Term Loans | -488,000 | 488,000 | |||||||||||
| Long term loans | 37,843,000 | 2,157,000 | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | 2,490 | ||||||||||||
| share issue | |||||||||||||
| interest | -600,808 | 698 | -1,989 | -9 | |||||||||
| cash flow from financing | 6,297,278 | -11,820,163 | 43,294,079 | 7,349,999 | -677,496 | 2,827,414 | 1,624,027 | 359,330 | |||||
| cash and cash equivalents | |||||||||||||
| cash | 6,005,830 | 3,549,277 | 2,911,143 | 1,006,974 | -362,341 | 2,565,549 | -481,268 | 887,682 | 124,270 | 189,859 | |||
| overdraft | |||||||||||||
| change in cash | 6,005,830 | 3,549,277 | 2,911,143 | 1,006,974 | -362,341 | 2,565,549 | -481,268 | 887,682 | 124,270 | 189,859 |
flywire payments limited Credit Report and Business Information
Flywire Payments Limited Competitor Analysis
Perform a competitor analysis for flywire payments limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC2A area or any other competitors across 12 key performance metrics.
flywire payments limited Ownership
FLYWIRE PAYMENTS LIMITED group structure
Flywire Payments Limited has 3 subsidiary companies.
Ultimate parent company
FLYWIRE CORP
#0074396
1 parent
FLYWIRE PAYMENTS LIMITED
07677601
3 subsidiaries
flywire payments limited directors
Flywire Payments Limited currently has 5 directors. The longest serving directors include Mr Aled Morgan (Nov 2012) and Mr Thomas Marsh (Mar 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Aled Morgan | United Kingdom | 38 years | Nov 2012 | - | Director |
| Mr Thomas Marsh | United Kingdom | 39 years | Mar 2014 | - | Director |
| Mr Peter Butterfield | United States | 60 years | May 2016 | - | Director |
| Mr Robert Orgel | United States | 56 years | Feb 2023 | - | Director |
| Shanaka Jayawardena | United Kingdom | 47 years | Dec 2024 | - | Director |
P&L
December 2023turnover
76.9m
+85%
operating profit
4m
-493%
gross margin
24.4%
-4.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
13.5m
+0.46%
total assets
86.2m
+0.23%
cash
16.4m
+0.58%
net assets
Total assets minus all liabilities
flywire payments limited company details
company number
07677601
Type
Private limited with Share Capital
industry
66190 - Other activities auxiliary to financial services, except insurance and pension funding
incorporation date
June 2011
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
peertransfer limited (December 2016)
peer transfer limited (June 2011)
accountant
-
auditor
MOORE KINGSTON SMITH LLP
address
6th floor 9 appold street, london, EC2A 2AP
Bank
SILICON VALLEY BANK
Legal Advisor
-
flywire payments 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 flywire payments limited.
flywire payments 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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flywire payments limited Companies House Filings - See Documents
| date | description | view/download |
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