faster payments scheme limited
faster payments scheme limited Company Information
Group Structure
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Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Registered Address
2 thomas more square, london, E1W 1YN
Website
http://fasterpayments.org.ukfaster payments scheme limited Estimated Valuation
Pomanda estimates the enterprise value of FASTER PAYMENTS SCHEME LIMITED at £2.3k based on a Turnover of £4.7k and 0.48x industry multiple (adjusted for size and gross margin).
faster payments scheme limited Estimated Valuation
Pomanda estimates the enterprise value of FASTER PAYMENTS SCHEME LIMITED at £0 based on an EBITDA of £-48.4k and a 3.19x industry multiple (adjusted for size and gross margin).
faster payments scheme limited Estimated Valuation
Pomanda estimates the enterprise value of FASTER PAYMENTS SCHEME LIMITED at £6m based on Net Assets of £2.5m and 2.35x industry multiple (adjusted for liquidity).
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Faster Payments Scheme Limited Overview
Faster Payments Scheme Limited is a live company located in london, E1W 1YN with a Companies House number of 07751778. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in August 2011, it's largest shareholder is unknown. Faster Payments Scheme Limited is a established, micro sized company, Pomanda has estimated its turnover at £4.7k with unknown growth in recent years.
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Faster Payments Scheme Limited Health Check
Pomanda's financial health check has awarded Faster Payments Scheme Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
5 Weak
Size
annual sales of £4.7k, make it smaller than the average company (£2.9m)
£4.7k - Faster Payments Scheme Limited
£2.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Faster Payments Scheme Limited
- - Industry AVG
Production
with a gross margin of 24%, this company has a higher cost of product (44.9%)
24% - Faster Payments Scheme Limited
44.9% - Industry AVG
Profitability
an operating margin of -1027.3% make it less profitable than the average company (5.6%)
-1027.3% - Faster Payments Scheme Limited
5.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (23)
- Faster Payments Scheme Limited
23 - Industry AVG
Pay Structure
on an average salary of £53.4k, the company has an equivalent pay structure (£53.4k)
- Faster Payments Scheme Limited
£53.4k - Industry AVG
Efficiency
resulting in sales per employee of £4.7k, this is less efficient (£125.2k)
- Faster Payments Scheme Limited
£125.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Faster Payments Scheme Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Faster Payments Scheme Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Faster Payments Scheme Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 761 weeks, this is more cash available to meet short term requirements (25 weeks)
761 weeks - Faster Payments Scheme Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6.8%, this is a lower level of debt than the average (53.3%)
6.8% - Faster Payments Scheme Limited
53.3% - Industry AVG
FASTER PAYMENTS SCHEME LIMITED financials
Faster Payments Scheme Limited's latest turnover from December 2023 is £4.7 thousand and the company has net assets of £2.5 million. According to their latest financial statements, we estimate that Faster Payments Scheme Limited has 1 employee and maintains cash reserves of £2.7 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 | 4,713 | 3,317 | 3,876 | -97,096 | 17,208,814 | 47,099,970 | 44,847,801 | 44,247,236 | 39,984,711 | 34,212,790 | 33,658,191 | 2,404,385 | |
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | -48,415 | -2,454 | -1,057 | -141,377 | -35,021 | 5,520 | -201,232 | -17,325 | -20,048 | -19,392 | -11,464 | -1,982 | |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 48,415 | 2,454 | 994 | 14,379 | 35,249 | 38,602 | 15,777 | 26,012 | 22,866 | 19,392 | 11,484 | 2,007 | |
| Pre-Tax Profit | 0 | 0 | -63 | -126,998 | 228 | 44,122 | -185,455 | 8,687 | 2,818 | 0 | 20 | 25 | |
| Tax | 0 | 0 | 63 | 126,998 | -228 | -44,122 | 29,044 | -8,701 | -2,818 | 0 | -20 | -25 | |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | 0 | -156,411 | -14 | 0 | 0 | 0 | 0 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 0 | 0 | 0 | 0 | 0 | 0 | -156,411 | -14 | 0 | 0 | 0 | 0 | |
| Employee Costs | 0 | 0 | 562,454 | 3,983,734 | 3,904,026 | 2,566,051 | 1,786,040 | 0 | 0 | 0 | |||
| Number Of Employees | 7 | 51 | 48 | 33 | 32 | ||||||||
| EBITDA* | -48,415 | -2,454 | -1,057 | -141,377 | -35,021 | 5,520 | -199,918 | -7,761 | -10,484 | -11,141 | -11,464 | -1,982 |
* 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,314 | 10,878 | 16,501 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1,314 | 10,878 | 16,501 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 5 | 5 | 5 | 636,484 | 264,832 | 112,028 | 227 | 0 | 0 | 133,282 | 0 |
| Group Debtors | 1,612 | 79 | 0 | 711 | 756 | 4,326 | 0 | 0 | 15,018 | 38,126 | 48,785 | 70,294 | 0 |
| Misc Debtors | 2,273 | 0 | 0 | 128,238 | 3,033 | 4,219,475 | 623,289 | 284,859 | 192,611 | 385,831 | 626,496 | 58,423 | 0 |
| Cash | 2,714,899 | 2,670,157 | 2,675,935 | 2,681,553 | 6,486,099 | 6,616,993 | 5,138,791 | 3,467,298 | 2,820,716 | 3,069,228 | 2,239,248 | 635,227 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,718,784 | 2,670,236 | 2,675,940 | 2,810,507 | 6,489,893 | 11,477,278 | 6,026,912 | 3,864,185 | 3,028,572 | 3,493,185 | 2,914,529 | 897,226 | 0 |
| total assets | 2,718,785 | 2,670,237 | 2,675,941 | 2,810,508 | 6,489,894 | 11,477,279 | 6,026,912 | 3,865,499 | 3,039,450 | 3,509,686 | 2,914,529 | 897,226 | 0 |
| Bank overdraft | 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 |
| Trade Creditors | 0 | 0 | 0 | 0 | 1,998 | 499,469 | 329,977 | 75,697 | 242,796 | 12,393 | 16,527 | 0 | 0 |
| Group/Directors Accounts | 180,580 | 132,165 | 139,694 | 271,011 | 3,938,276 | 21,106 | 0 | 0 | 0 | 1,537,101 | 1,004,269 | 800,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,725 | 4,592 | 2,767 | 6,017 | 16,140 | 8,423,224 | 3,319,880 | 1,256,336 | 615,563 | 149,770 | 120,251 | 97,226 | 0 |
| total current liabilities | 185,305 | 136,757 | 142,461 | 277,028 | 3,956,414 | 8,943,799 | 3,649,857 | 1,332,033 | 858,359 | 1,699,264 | 1,141,047 | 897,226 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 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 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 185,305 | 136,757 | 142,461 | 277,028 | 3,956,414 | 8,943,799 | 3,649,857 | 1,332,033 | 858,359 | 1,699,264 | 1,141,047 | 897,226 | 0 |
| net assets | 2,533,480 | 2,533,480 | 2,533,480 | 2,533,480 | 2,533,480 | 2,533,480 | 2,377,055 | 2,533,466 | 2,181,091 | 1,810,422 | 1,773,482 | 0 | 0 |
| total shareholders funds | 2,533,480 | 2,533,480 | 2,533,480 | 2,533,480 | 2,533,480 | 2,533,480 | 2,377,055 | 2,533,466 | 2,181,091 | 1,810,422 | 1,773,482 | 0 | 0 |
| 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 | -48,415 | -2,454 | -1,057 | -141,377 | -35,021 | 5,520 | -201,232 | -17,325 | -20,048 | -19,392 | -11,464 | -1,982 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1,314 | 9,564 | 9,564 | 8,251 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 0 | 0 | 63 | 126,998 | -228 | -44,122 | 29,044 | -8,701 | -2,818 | 0 | -20 | -25 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,806 | 74 | -128,949 | 125,160 | -4,856,491 | 3,972,164 | 491,234 | 189,031 | -216,101 | -251,324 | 413,282 | 261,999 | 0 |
| Creditors | 0 | 0 | 0 | -1,998 | -497,471 | 169,492 | 254,280 | -167,099 | 230,403 | -4,134 | 16,527 | 0 | 0 |
| Accruals and Deferred Income | 133 | 1,825 | -3,250 | -10,123 | -8,407,084 | 5,103,344 | 2,063,544 | 640,773 | 465,793 | 29,519 | 23,025 | 97,226 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -52,088 | -703 | 124,705 | -151,660 | -4,083,313 | 1,262,070 | 1,655,716 | 268,181 | 898,995 | 265,568 | -385,214 | -166,780 | |
| Investing Activities | |||||||||||||
| capital expenditure | 0 | 0 | -3,941 | -24,752 | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | -3,941 | -24,752 | |||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 48,415 | -7,529 | -131,317 | -3,667,265 | 3,917,170 | 21,106 | 0 | 0 | -1,537,101 | 532,832 | 204,269 | 800,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | 48,415 | 2,454 | 994 | 14,379 | 35,249 | 38,602 | 15,777 | 26,012 | 22,866 | 19,392 | 11,484 | 2,007 | |
| cash flow from financing | 96,830 | -5,075 | -130,323 | -3,652,886 | 3,952,419 | 216,133 | 15,777 | 378,401 | -1,143,566 | 589,164 | 1,989,235 | 802,007 | |
| cash and cash equivalents | |||||||||||||
| cash | 44,742 | -5,778 | -5,618 | -3,804,546 | -130,894 | 1,478,202 | 1,671,493 | 646,582 | -248,512 | 829,980 | 1,604,021 | 635,227 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 44,742 | -5,778 | -5,618 | -3,804,546 | -130,894 | 1,478,202 | 1,671,493 | 646,582 | -248,512 | 829,980 | 1,604,021 | 635,227 | 0 |
faster payments scheme limited Credit Report and Business Information
Faster Payments Scheme Limited Competitor Analysis
Perform a competitor analysis for faster payments scheme limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in E1W area or any other competitors across 12 key performance metrics.
faster payments scheme limited Ownership
FASTER PAYMENTS SCHEME LIMITED group structure
Faster Payments Scheme Limited has 1 subsidiary company.
Ultimate parent company
1 parent
FASTER PAYMENTS SCHEME LIMITED
07751778
1 subsidiary
faster payments scheme limited directors
Faster Payments Scheme Limited currently has 3 directors. The longest serving directors include Mr Matthew Hunt (Dec 2020) and Mr David Pitt (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Hunt | England | 51 years | Dec 2020 | - | Director |
| Mr David Pitt | 56 years | Dec 2021 | - | Director | |
| Mr Michael Ellis | 59 years | Aug 2022 | - | Director |
P&L
December 2023turnover
4.7k
+42%
operating profit
-48.4k
+1873%
gross margin
24.1%
+1.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.5m
0%
total assets
2.7m
+0.02%
cash
2.7m
+0.02%
net assets
Total assets minus all liabilities
faster payments scheme limited company details
company number
07751778
Type
Private Ltd By Guarantee w/o Share Cap
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
August 2011
age
14
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
faster payment scheme limited (August 2011)
accountant
-
auditor
-
address
2 thomas more square, london, E1W 1YN
Bank
-
Legal Advisor
-
faster payments scheme 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 faster payments scheme limited.
faster payments scheme limited Capital Raised & Share Issues BETA
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faster payments scheme limited Companies House Filings - See Documents
| date | description | view/download |
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