first payment merchant services limited

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first payment merchant services limited Company Information

Share FIRST PAYMENT MERCHANT SERVICES LIMITED

Company Number

07795635

Directors

Arif Babayev

Shareholders

dna payments limited

Group Structure

View All

Industry

Other personal service activities n.e.c.

 

Registered Address

10 lower grosvenor place, london, SW1W 0EN

first payment merchant services limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of FIRST PAYMENT MERCHANT SERVICES LIMITED at £3.2m based on a Turnover of £4m and 0.79x industry multiple (adjusted for size and gross margin).

first payment merchant services limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FIRST PAYMENT MERCHANT SERVICES LIMITED at £0 based on an EBITDA of £-1m and a 4.65x industry multiple (adjusted for size and gross margin).

first payment merchant services limited Estimated Valuation

£6.7m

Pomanda estimates the enterprise value of FIRST PAYMENT MERCHANT SERVICES LIMITED at £6.7m based on Net Assets of £2.9m and 2.27x industry multiple (adjusted for liquidity).

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First Payment Merchant Services Limited Overview

First Payment Merchant Services Limited is a live company located in london, SW1W 0EN with a Companies House number of 07795635. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in October 2011, it's largest shareholder is dna payments limited with a 100% stake. First Payment Merchant Services Limited is a established, small sized company, Pomanda has estimated its turnover at £4m with declining growth in recent years.

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First Payment Merchant Services Limited Health Check

Pomanda's financial health check has awarded First Payment Merchant Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £4m, make it larger than the average company (£1.2m)

£4m - First Payment Merchant Services Limited

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (7.9%)

-18% - First Payment Merchant Services Limited

7.9% - Industry AVG

production

Production

with a gross margin of 41.6%, this company has a comparable cost of product (41.6%)

41.6% - First Payment Merchant Services Limited

41.6% - Industry AVG

profitability

Profitability

an operating margin of -25.3% make it less profitable than the average company (6.4%)

-25.3% - First Payment Merchant Services Limited

6.4% - Industry AVG

employees

Employees

with 56 employees, this is above the industry average (15)

56 - First Payment Merchant Services Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.5k, the company has an equivalent pay structure (£34.5k)

£34.5k - First Payment Merchant Services Limited

£34.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £71.7k, this is less efficient (£104.1k)

£71.7k - First Payment Merchant Services Limited

£104.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 33 days, this is near the average (31 days)

33 days - First Payment Merchant Services Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 20 days, this is quicker than average (40 days)

20 days - First Payment Merchant Services Limited

40 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - First Payment Merchant Services Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (38 weeks)

7 weeks - First Payment Merchant Services Limited

38 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 20.6%, this is a lower level of debt than the average (48%)

20.6% - First Payment Merchant Services Limited

48% - Industry AVG

FIRST PAYMENT MERCHANT SERVICES LIMITED financials

EXPORTms excel logo

First Payment Merchant Services Limited's latest turnover from December 2023 is estimated at £4 million and the company has net assets of £2.9 million. According to their latest financial statements, First Payment Merchant Services Limited has 56 employees and maintains cash reserves of £114.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013
Turnover4,015,2583,014,0784,080,1354,712,2467,257,4642,198,3982,256,8891,676,8884,048,1941,782,704800,137776,323
Other Income Or Grants000000000000
Cost Of Sales2,346,7561,766,0231,433,0931,606,8213,442,4521,317,1191,370,080989,5442,364,3961,056,356473,812443,189
Gross Profit1,668,5021,248,0552,647,0423,105,4253,815,012881,279886,810687,3441,683,799726,348326,325333,135
Admin Expenses2,682,917-352,4401,814,0722,471,0493,031,746-300,486630,330-128,4271,611,438573,838322,294506,074
Operating Profit-1,014,4151,600,495832,970634,376783,2661,181,765256,480815,77172,361152,5104,031-172,939
Interest Payable030,47932,25351,524586,723184,308102,07400000
Interest Receivable17,26039,1610005,9572,91070619410912575
Pre-Tax Profit-997,1551,609,177800,717582,85296,5431,003,414157,315816,47872,555152,6194,156-172,864
Tax0-305,744-214,626-179,364-104,978-190,649-29,890-163,295-14,511-32,050-9560
Profit After Tax-997,1551,303,433586,091403,488-8,435812,765127,425653,18258,044120,5693,200-172,864
Dividends Paid000000000000
Retained Profit-997,1551,303,433586,091403,488-8,435812,765127,425653,18258,044120,5693,200-172,864
Employee Costs1,930,069951,2581,061,8071,066,7581,416,9291,116,6861,055,497909,7731,650,896744,099370,581346,000
Number Of Employees562934425745443866301514
EBITDA*-1,014,4151,600,4951,107,6791,003,7941,150,3371,897,421263,867822,95077,687158,37110,475-165,138

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013
Tangible Assets03,29684,82495,658100,82991,63922,16021,45417,17417,58523,44623,403
Intangible Assets1,114,0811,461,9451,798,4222,055,3332,397,8892,740,444000000
Investments & Other0027,50027,50027,500127,5003,595,55500000
Debtors (Due After 1 year)000000000000
Total Fixed Assets1,114,0811,465,2411,910,7462,178,4912,526,2182,959,5833,617,71521,45417,17417,58523,44623,403
Stock & work in progress00192,018117,516173,30599,79396,55700000
Trade Debtors365,830412,432233,180257,478417,047206,211206,690155,197473,498174,46346,30243,363
Group Debtors1,865,7092,136,813000090,33300000
Misc Debtors242,011229,739353,134333,321389,456479,061310,881348,22617,070000
Cash114,140543,3971,694,3591,329,786662,501935,547652,942510,85654,10623,60920,04130,053
misc current assets000000000000
total current assets2,587,6903,322,3812,472,6912,038,1011,642,3091,720,6121,357,4031,014,279544,674198,07266,34373,416
total assets3,701,7714,787,6224,383,4374,216,5924,168,5274,680,1954,975,1181,035,733561,848215,65789,78996,819
Bank overdraft000525,000525,0001,027,840820,51500000
Bank loan00641,666000000000
Trade Creditors 134,684112,268134,776110,765355,283190,278263,23232,533108,539211,165209,383219,613
Group/Directors Accounts000000000000
other short term finances000000000000
hp & lease commitments000000000000
other current liabilities625,911725,596307,878333,958181,381499,879727,299286,708390,855000
total current liabilities760,595837,8641,084,320969,7231,061,6641,717,9971,811,046319,241499,394211,165209,383219,613
loans0001,181,2501,443,7501,292,3962,320,23600000
hp & lease commitments00641,667000000000
Accruals and Deferred Income000000000000
other liabilities000000000000
provisions1,36312,79023,91518,17519,15717,4114,2104,2913,4353,51700
total long term liabilities1,36312,790665,5821,199,4251,462,9071,309,8072,324,4464,2913,4353,51700
total liabilities761,958850,6541,749,9022,169,1482,524,5713,027,8044,135,492323,532502,829214,682209,383219,613
net assets2,939,8133,936,9682,633,5352,047,4441,643,9561,652,391839,626712,20159,019975-119,594-122,794
total shareholders funds2,939,8133,936,9682,633,5352,047,4441,643,9561,652,391839,626712,20159,019975-119,594-122,794
Dec 2023Dec 2022Dec 2021Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013
Operating Activities
Operating Profit-1,014,4151,600,495832,970634,376783,2661,181,765256,480815,77172,361152,5104,031-172,939
Depreciation0017,79926,86324,51630,5457,3877,1795,3265,8616,4447,801
Amortisation00256,910342,555342,555685,111000000
Tax0-305,744-214,626-179,364-104,978-190,649-29,890-163,295-14,511-32,050-9560
Stock0-192,01818,713-55,78973,5123,23696,55700000
Debtors-305,4342,192,670-220,189-215,704121,23177,368104,48112,855316,105128,1612,93943,363
Creditors22,416-22,508-220,507-244,518165,005-72,954230,699-76,006-102,6261,782-10,230219,613
Accruals and Deferred Income-99,685417,718126,497152,577-318,498-227,420440,591-104,147390,855000
Deferred Taxes & Provisions-11,427-11,1254,758-9821,74613,201-81856-823,51700
Cash flow from operations-797,677-321,8161,005,2771,003,000698,8691,338,995704,148467,50335,2183,459-3,65011,112
Investing Activities
capital expenditure351,160418,005340,763-21,691-33,706-3,525,579-8,093-11,459-4,9150-6,487-31,204
Change in Investments0-27,50000-100,000-3,468,0553,595,55500000
cash flow from investments351,160445,505340,763-21,69166,294-57,524-3,603,648-11,459-4,9150-6,487-31,204
Financing Activities
Bank loans0-641,666641,666000000000
Group/Directors Accounts000000000000
Other Short Term Loans 000000000000
Long term loans00-1,443,750-262,500151,354-1,027,8402,320,23600000
Hire Purchase and Lease Commitments0-641,667641,667000000000
other long term liabilities000000000000
share issue00403,4880000000050,070
interest17,2608,682-32,253-51,524-586,723-178,351-99,16470619410912575
cash flow from financing17,260-1,274,651210,818-314,024-435,369-1,206,1912,221,07270619410912550,145
cash and cash equivalents
cash-429,257-1,150,9621,031,858667,285-273,046282,605142,086456,75030,4973,568-10,01230,053
overdraft00-525,0000-502,840207,325820,51500000
change in cash-429,257-1,150,9621,556,858667,285229,79475,280-678,429456,75030,4973,568-10,01230,053

first payment merchant services limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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First Payment Merchant Services Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for first payment merchant services limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in SW1W area or any other competitors across 12 key performance metrics.

first payment merchant services limited Ownership

FIRST PAYMENT MERCHANT SERVICES LIMITED group structure

First Payment Merchant Services Limited has 1 subsidiary company.

Ultimate parent company

ASO VICTORIA 4 SARL

#0138130

2 parents

FIRST PAYMENT MERCHANT SERVICES LIMITED

07795635

1 subsidiary

FIRST PAYMENT MERCHANT SERVICES LIMITED Shareholders

dna payments limited 100%

first payment merchant services limited directors

First Payment Merchant Services Limited currently has 1 director, Mr Arif Babayev serving since Nov 2022.

officercountryagestartendrole
Mr Arif BabayevUnited Kingdom41 years Nov 2022- Director

P&L

December 2023

turnover

4m

+33%

operating profit

-1m

0%

gross margin

41.6%

+0.35%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

2.9m

-0.25%

total assets

3.7m

-0.23%

cash

114.1k

-0.79%

net assets

Total assets minus all liabilities

first payment merchant services limited company details

company number

07795635

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

October 2011

age

14

incorporated

UK

ultimate parent company

ASO VICTORIA 4 SARL

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

10 lower grosvenor place, london, SW1W 0EN

Bank

-

Legal Advisor

-

first payment merchant services 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 6 charges/mortgages relating to first payment merchant services limited. Currently there are 0 open charges and 6 have been satisfied in the past.

first payment merchant services 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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first payment merchant services limited Companies House Filings - See Documents

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