first payment merchant services limited Company Information
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
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
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
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
3 Strong
3 Regular
5 Weak
Size
annual sales of £4m, make it larger than the average company (£1.2m)
- First Payment Merchant Services Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (7.9%)
- First Payment Merchant Services Limited
7.9% - Industry AVG
Production
with a gross margin of 41.6%, this company has a comparable cost of product (41.6%)
- First Payment Merchant Services Limited
41.6% - Industry AVG
Profitability
an operating margin of -25.3% make it less profitable than the average company (6.4%)
- First Payment Merchant Services Limited
6.4% - Industry AVG
Employees
with 56 employees, this is above the industry average (15)
56 - First Payment Merchant Services Limited
15 - Industry AVG
Pay Structure
on an average salary of £34.5k, the company has an equivalent pay structure (£34.5k)
- First Payment Merchant Services Limited
£34.5k - Industry AVG
Efficiency
resulting in sales per employee of £71.7k, this is less efficient (£104.1k)
- First Payment Merchant Services Limited
£104.1k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is near the average (31 days)
- First Payment Merchant Services Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (40 days)
- First Payment Merchant Services Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- First Payment Merchant Services Limited
- - Industry AVG
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
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
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 House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 4,080,135 | 4,712,246 | 7,257,464 | |||||||||
Other Income Or Grants | 0 | 0 | 0 | |||||||||
Cost Of Sales | 1,433,093 | 1,606,821 | 3,442,452 | |||||||||
Gross Profit | 2,647,042 | 3,105,425 | 3,815,012 | |||||||||
Admin Expenses | 1,814,072 | 2,471,049 | 3,031,746 | |||||||||
Operating Profit | 832,970 | 634,376 | 783,266 | |||||||||
Interest Payable | 32,253 | 51,524 | 586,723 | |||||||||
Interest Receivable | 0 | 0 | 0 | |||||||||
Pre-Tax Profit | 800,717 | 582,852 | 96,543 | |||||||||
Tax | -214,626 | -179,364 | -104,978 | |||||||||
Profit After Tax | 586,091 | 403,488 | -8,435 | |||||||||
Dividends Paid | 0 | 0 | 0 | |||||||||
Retained Profit | 586,091 | 403,488 | -8,435 | |||||||||
Employee Costs | ||||||||||||
Number Of Employees | 56 | 29 | 34 | 42 | 57 | 45 | 44 | 38 | ||||
EBITDA* | 1,107,679 | 1,003,794 | 1,150,337 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 3,296 | 84,824 | 95,658 | 100,829 | 91,639 | 22,160 | 21,454 | 17,174 | 17,585 | 23,446 | 23,403 |
Intangible Assets | 1,114,081 | 1,461,945 | 1,798,422 | 2,055,333 | 2,397,889 | 2,740,444 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 27,500 | 27,500 | 27,500 | 127,500 | 3,595,555 | 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 | 1,114,081 | 1,465,241 | 1,910,746 | 2,178,491 | 2,526,218 | 2,959,583 | 3,617,715 | 21,454 | 17,174 | 17,585 | 23,446 | 23,403 |
Stock & work in progress | 0 | 0 | 192,018 | 117,516 | 173,305 | 99,793 | 96,557 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 365,830 | 412,432 | 233,180 | 257,478 | 417,047 | 206,211 | 206,690 | 155,197 | 473,498 | 174,463 | 46,302 | 43,363 |
Group Debtors | 1,865,709 | 2,136,813 | 0 | 0 | 0 | 0 | 90,333 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 242,011 | 229,739 | 353,134 | 333,321 | 389,456 | 479,061 | 310,881 | 348,226 | 17,070 | 0 | 0 | 0 |
Cash | 114,140 | 543,397 | 1,694,359 | 1,329,786 | 662,501 | 935,547 | 652,942 | 510,856 | 54,106 | 23,609 | 20,041 | 30,053 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 2,587,690 | 3,322,381 | 2,472,691 | 2,038,101 | 1,642,309 | 1,720,612 | 1,357,403 | 1,014,279 | 544,674 | 198,072 | 66,343 | 73,416 |
total assets | 3,701,771 | 4,787,622 | 4,383,437 | 4,216,592 | 4,168,527 | 4,680,195 | 4,975,118 | 1,035,733 | 561,848 | 215,657 | 89,789 | 96,819 |
Bank overdraft | 0 | 0 | 0 | 525,000 | 525,000 | 1,027,840 | 820,515 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 641,666 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 134,684 | 112,268 | 134,776 | 110,765 | 355,283 | 190,278 | 263,232 | 32,533 | 108,539 | 211,165 | 209,383 | 219,613 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 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 |
other current liabilities | 625,911 | 725,596 | 307,878 | 333,958 | 181,381 | 499,879 | 727,299 | 286,708 | 390,855 | 0 | 0 | 0 |
total current liabilities | 760,595 | 837,864 | 1,084,320 | 969,723 | 1,061,664 | 1,717,997 | 1,811,046 | 319,241 | 499,394 | 211,165 | 209,383 | 219,613 |
loans | 0 | 0 | 0 | 1,181,250 | 1,443,750 | 1,292,396 | 2,320,236 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 641,667 | 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 | 1,363 | 12,790 | 23,915 | 18,175 | 19,157 | 17,411 | 4,210 | 4,291 | 3,435 | 3,517 | 0 | 0 |
total long term liabilities | 1,363 | 12,790 | 665,582 | 1,199,425 | 1,462,907 | 1,309,807 | 2,324,446 | 4,291 | 3,435 | 3,517 | 0 | 0 |
total liabilities | 761,958 | 850,654 | 1,749,902 | 2,169,148 | 2,524,571 | 3,027,804 | 4,135,492 | 323,532 | 502,829 | 214,682 | 209,383 | 219,613 |
net assets | 2,939,813 | 3,936,968 | 2,633,535 | 2,047,444 | 1,643,956 | 1,652,391 | 839,626 | 712,201 | 59,019 | 975 | -119,594 | -122,794 |
total shareholders funds | 2,939,813 | 3,936,968 | 2,633,535 | 2,047,444 | 1,643,956 | 1,652,391 | 839,626 | 712,201 | 59,019 | 975 | -119,594 | -122,794 |
Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||
Operating Profit | 832,970 | 634,376 | 783,266 | |||||||||
Depreciation | 17,799 | 26,863 | 24,516 | 30,545 | 7,387 | 7,179 | 5,326 | 5,861 | 6,444 | 7,801 | ||
Amortisation | 0 | 0 | 256,910 | 342,555 | 342,555 | 685,111 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -214,626 | -179,364 | -104,978 | |||||||||
Stock | 0 | -192,018 | 18,713 | -55,789 | 73,512 | 3,236 | 96,557 | 0 | 0 | 0 | 0 | 0 |
Debtors | -305,434 | 2,192,670 | -220,189 | -215,704 | 121,231 | 77,368 | 104,481 | 12,855 | 316,105 | 128,161 | 2,939 | 43,363 |
Creditors | 22,416 | -22,508 | -220,507 | -244,518 | 165,005 | -72,954 | 230,699 | -76,006 | -102,626 | 1,782 | -10,230 | 219,613 |
Accruals and Deferred Income | -99,685 | 417,718 | 126,497 | 152,577 | -318,498 | -227,420 | 440,591 | -104,147 | 390,855 | 0 | 0 | 0 |
Deferred Taxes & Provisions | -11,427 | -11,125 | 4,758 | -982 | 1,746 | 13,201 | -81 | 856 | -82 | 3,517 | 0 | 0 |
Cash flow from operations | 1,005,277 | 1,003,000 | 698,869 | |||||||||
Investing Activities | ||||||||||||
capital expenditure | ||||||||||||
Change in Investments | 0 | -27,500 | 0 | 0 | -100,000 | -3,468,055 | 3,595,555 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||
Financing Activities | ||||||||||||
Bank loans | 0 | -641,666 | 641,666 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | -1,443,750 | -262,500 | 151,354 | -1,027,840 | 2,320,236 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | -641,667 | 641,667 | 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 | -32,253 | -51,524 | -586,723 | |||||||||
cash flow from financing | 210,818 | -314,024 | -435,369 | |||||||||
cash and cash equivalents | ||||||||||||
cash | -429,257 | -1,150,962 | 1,031,858 | 667,285 | -273,046 | 282,605 | 142,086 | 456,750 | 30,497 | 3,568 | -10,012 | 30,053 |
overdraft | 0 | 0 | -525,000 | 0 | -502,840 | 207,325 | 820,515 | 0 | 0 | 0 | 0 | 0 |
change in cash | -429,257 | -1,150,962 | 1,556,858 | 667,285 | 229,794 | 75,280 | -678,429 | 456,750 | 30,497 | 3,568 | -10,012 | 30,053 |
first payment merchant services limited Credit Report and Business Information
First Payment Merchant Services Limited Competitor Analysis
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 directors
First Payment Merchant Services Limited currently has 1 director, Mr Arif Babayev serving since Nov 2022.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Arif Babayev | United Kingdom | 41 years | Nov 2022 | - | Director |
P&L
December 2023turnover
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 2023net 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
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
date | description | view/download |
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