payassist limited
payassist limited Company Information
Company Number
08896393
Website
http://www.pay-assist.co.ukRegistered Address
52 new town, uckfield, east sussex, TN22 5DE
Industry
Accounting, and auditing activities
Telephone
01825746877
Next Accounts Due
August 2025
Group Structure
View All
Shareholders
simmons gainsford professional services limited 100%
payassist limited Estimated Valuation
Pomanda estimates the enterprise value of PAYASSIST LIMITED at £201.7k based on a Turnover of £205.2k and 0.98x industry multiple (adjusted for size and gross margin).
payassist limited Estimated Valuation
Pomanda estimates the enterprise value of PAYASSIST LIMITED at £533.3k based on an EBITDA of £93k and a 5.73x industry multiple (adjusted for size and gross margin).
payassist limited Estimated Valuation
Pomanda estimates the enterprise value of PAYASSIST LIMITED at £1.2m based on Net Assets of £663.9k and 1.85x industry multiple (adjusted for liquidity).
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Payassist Limited Overview
Payassist Limited is a live company located in east sussex, TN22 5DE with a Companies House number of 08896393. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in February 2014, it's largest shareholder is simmons gainsford professional services limited with a 100% stake. Payassist Limited is a established, micro sized company, Pomanda has estimated its turnover at £205.2k with declining growth in recent years.
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Payassist Limited Health Check
Pomanda's financial health check has awarded Payassist Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £322.5k, make it larger than the average company (£138.4k)
- Payassist Limited
£138.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (5.8%)
- Payassist Limited
5.8% - Industry AVG
Production
with a gross margin of 69%, this company has a comparable cost of product (69%)
- Payassist Limited
69% - Industry AVG
Profitability
an operating margin of 6.2% make it less profitable than the average company (15.5%)
- Payassist Limited
15.5% - Industry AVG
Employees
with 7 employees, this is above the industry average (3)
7 - Payassist Limited
3 - Industry AVG
Pay Structure
on an average salary of £20.7k, the company has an equivalent pay structure (£20.7k)
- Payassist Limited
£20.7k - Industry AVG
Efficiency
resulting in sales per employee of £46.1k, this is less efficient (£69.4k)
- Payassist Limited
£69.4k - Industry AVG
Debtor Days
it gets paid by customers after 86 days, this is near the average (97 days)
- Payassist Limited
97 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (26 days)
- Payassist Limited
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Payassist Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is average cash available to meet short term requirements (26 weeks)
25 weeks - Payassist Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.4%, this is a lower level of debt than the average (57.4%)
17.4% - Payassist Limited
57.4% - Industry AVG
PAYASSIST LIMITED financials
Payassist Limited's latest turnover from November 2023 is estimated at £205.2 thousand and the company has net assets of £663.9 thousand. According to their latest financial statements, Payassist Limited has 7 employees and maintains cash reserves of £654.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 7 | 7 | 8 | 9 | 10 | 7 | 10 | 8 | 6 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 20,000 | 40,000 | 60,000 | 80,000 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 20,000 | 40,000 | 60,000 | 80,000 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 22,192 | 76,329 | 36,748 | 13,668 | 111,630 | 36,936 | 45,805 | 41,210 | 29,804 | 0 |
| Group Debtors | 0 | 525,000 | 0 | 0 | 0 | 61,484 | 22,246 | 0 | 0 | 0 |
| Misc Debtors | 73,800 | 60,802 | 71,811 | 123,561 | 21,477 | 72,202 | 96,842 | 74,989 | 51,287 | 0 |
| Cash | 654,122 | 61,689 | 564,619 | 597,271 | 433,266 | 220,281 | 137,734 | 139,419 | 29,525 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 750,114 | 723,820 | 673,178 | 734,500 | 566,373 | 390,903 | 302,627 | 255,618 | 110,616 | 0 |
| total assets | 750,114 | 723,820 | 673,178 | 734,500 | 566,373 | 410,903 | 342,627 | 315,618 | 190,616 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,404 | 3,987 | 1,931 | 1,994 | 3,610 | 2,486 | 2,607 | 3,099 | 2,401 | 0 |
| Group/Directors Accounts | 5,867 | 63,106 | 25,707 | 148,257 | 33,964 | 0 | 0 | 131,797 | 63,071 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 75,907 | 58,559 | 74,229 | 71,741 | 72,298 | 57,960 | 74,447 | 50,490 | 40,470 | 0 |
| total current liabilities | 86,178 | 125,652 | 101,867 | 221,992 | 109,872 | 60,446 | 77,054 | 185,386 | 105,942 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 86,178 | 125,652 | 101,867 | 221,992 | 109,872 | 60,446 | 77,054 | 185,386 | 105,942 | 0 |
| net assets | 663,936 | 598,168 | 571,311 | 512,508 | 456,501 | 350,457 | 265,573 | 130,232 | 84,674 | 0 |
| total shareholders funds | 663,936 | 598,168 | 571,311 | 512,508 | 456,501 | 350,457 | 265,573 | 130,232 | 84,674 | 0 |
| Nov 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 20,000 | 20,000 | 20,000 | 0 | 20,000 | |
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -12,567 | 553,572 | -28,670 | 4,122 | -37,515 | 5,729 | 48,694 | 35,108 | 81,091 | 0 |
| Creditors | 2,473 | 2,056 | -63 | -1,616 | 1,124 | -121 | -492 | 698 | 2,401 | 0 |
| Accruals and Deferred Income | 1,678 | -15,670 | 2,488 | -557 | 14,338 | -16,487 | 23,957 | 10,020 | 40,470 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -19,840 | 37,399 | -122,550 | 114,293 | 33,964 | 0 | -131,797 | 68,726 | 63,071 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 89,503 | -502,930 | -32,652 | 164,005 | 212,985 | 82,547 | -1,685 | 109,894 | 29,525 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 89,503 | -502,930 | -32,652 | 164,005 | 212,985 | 82,547 | -1,685 | 109,894 | 29,525 | 0 |
payassist limited Credit Report and Business Information
Payassist Limited Competitor Analysis
Perform a competitor analysis for payassist limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in TN22 area or any other competitors across 12 key performance metrics.
payassist limited Ownership
PAYASSIST LIMITED group structure
Payassist Limited has no subsidiary companies.
Ultimate parent company
2 parents
PAYASSIST LIMITED
08896393
payassist limited directors
Payassist Limited currently has 3 directors. The longest serving directors include Mr James Duggan (Jun 2016) and Mrs Jane Atherton (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Duggan | United Kingdom | 49 years | Jun 2016 | - | Director |
| Mrs Jane Atherton | United Kingdom | 46 years | Feb 2022 | - | Director |
| Mr David Pumfrey | United Kingdom | 57 years | Feb 2022 | - | Director |
P&L
November 2023turnover
205.2k
-13%
operating profit
93k
0%
gross margin
74.3%
+13.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
663.9k
+0.16%
total assets
750.1k
+0.11%
cash
654.1k
+0.16%
net assets
Total assets minus all liabilities
Similar Companies
payassist limited company details
company number
08896393
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
February 2014
age
10
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
N/A
last accounts submitted
November 2023
address
52 new town, uckfield, east sussex, TN22 5DE
accountant
GMP AUDIT LIMITED
auditor
-
payassist 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 payassist limited.
payassist limited Companies House Filings - See Documents
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