omega payroll services ltd
omega payroll services ltd Company Information
Company Number
09479876
Next Accounts
19 days late
Industry
Other business support service activities n.e.c.
Shareholders
azim hussain
Group Structure
View All
Contact
Registered Address
suite a, 8th floor st james house, salford, greater manchester, M6 5FW
Website
www.omega-payroll.comomega payroll services ltd Estimated Valuation
Pomanda estimates the enterprise value of OMEGA PAYROLL SERVICES LTD at £47.5k based on a Turnover of £120.9k and 0.39x industry multiple (adjusted for size and gross margin).
omega payroll services ltd Estimated Valuation
Pomanda estimates the enterprise value of OMEGA PAYROLL SERVICES LTD at £7.2k based on an EBITDA of £2.6k and a 2.8x industry multiple (adjusted for size and gross margin).
omega payroll services ltd Estimated Valuation
Pomanda estimates the enterprise value of OMEGA PAYROLL SERVICES LTD at £5.5k based on Net Assets of £2.3k and 2.37x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Omega Payroll Services Ltd Overview
Omega Payroll Services Ltd is a live company located in salford, M6 5FW with a Companies House number of 09479876. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2015, it's largest shareholder is azim hussain with a 100% stake. Omega Payroll Services Ltd is a established, micro sized company, Pomanda has estimated its turnover at £120.9k with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Omega Payroll Services Ltd Health Check
Pomanda's financial health check has awarded Omega Payroll Services Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £120.9k, make it smaller than the average company (£3.1m)
- Omega Payroll Services Ltd
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 101%, show it is growing at a faster rate (4.1%)
- Omega Payroll Services Ltd
4.1% - Industry AVG
Production
with a gross margin of 17.4%, this company has a higher cost of product (38.4%)
- Omega Payroll Services Ltd
38.4% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (6.5%)
- Omega Payroll Services Ltd
6.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (20)
2 - Omega Payroll Services Ltd
20 - Industry AVG
Pay Structure
on an average salary of £44.8k, the company has an equivalent pay structure (£44.8k)
- Omega Payroll Services Ltd
£44.8k - Industry AVG
Efficiency
resulting in sales per employee of £60.5k, this is less efficient (£141.1k)
- Omega Payroll Services Ltd
£141.1k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (40 days)
- Omega Payroll Services Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 101 days, this is slower than average (34 days)
- Omega Payroll Services Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Omega Payroll Services Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Omega Payroll Services Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.5%, this is a higher level of debt than the average (60.6%)
92.5% - Omega Payroll Services Ltd
60.6% - Industry AVG
OMEGA PAYROLL SERVICES LTD financials
Omega Payroll Services Ltd's latest turnover from March 2023 is estimated at £120.9 thousand and the company has net assets of £2.3 thousand. According to their latest financial statements, Omega Payroll Services Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 1 | 3 | 4 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 281 | 984 | 1,687 | 2,110 | 1,811 | 2,416 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 281 | 984 | 1,687 | 2,110 | 1,811 | 2,416 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 31,031 | 29,975 | 0 | 3,215 | 16,997 | 1,457 | 343 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 34,000 | 23,116 | 0 | 0 | 0 | 3,150 |
| Cash | 0 | 0 | 3,358 | 1,758 | 0 | 16,729 | 12,387 | 27,590 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 31,031 | 29,975 | 37,358 | 28,089 | 16,997 | 18,186 | 12,730 | 30,740 |
| total assets | 31,031 | 29,975 | 37,639 | 29,073 | 18,684 | 20,296 | 14,541 | 33,156 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 27,848 | 24,884 | 0 | 0 | 17,039 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 938 | 0 | 0 | 0 | 1,598 | 1,598 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 1,598 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 31,899 | 23,904 | 0 | 9,987 | 5,624 | 12,316 |
| total current liabilities | 27,848 | 24,884 | 32,837 | 23,904 | 17,039 | 11,585 | 7,222 | 13,914 |
| loans | 0 | 0 | 4,000 | 3,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 840 | 840 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 4,000 | 0 | 1,248 | 1,598 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 401 | 0 | 401 | 0 | 0 |
| total long term liabilities | 840 | 4,840 | 4,000 | 4,649 | 1,598 | 401 | 0 | 0 |
| total liabilities | 28,688 | 29,724 | 36,837 | 28,553 | 18,637 | 11,986 | 7,222 | 13,914 |
| net assets | 2,343 | 251 | 802 | 520 | 47 | 8,310 | 7,319 | 19,242 |
| total shareholders funds | 2,343 | 251 | 802 | 520 | 47 | 8,310 | 7,319 | 19,242 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 703 | 703 | 605 | 805 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,056 | -4,025 | 7,669 | 9,334 | 15,540 | 1,114 | -2,807 | 3,150 |
| Creditors | 2,964 | 24,884 | 0 | -17,039 | 17,039 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | -31,059 | 7,995 | 23,904 | -9,987 | 4,363 | -6,692 | 12,316 |
| Deferred Taxes & Provisions | 0 | 0 | -401 | 401 | -401 | 401 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -938 | 938 | 0 | 0 | -1,598 | 0 | 1,598 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -1,598 | 1,598 | 0 | 0 |
| Long term loans | 0 | -4,000 | 1,000 | 3,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -4,000 | 4,000 | -1,248 | -350 | 1,598 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | -3,358 | 1,600 | 1,758 | -16,729 | 4,342 | -15,203 | 27,590 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -3,358 | 1,600 | 1,758 | -16,729 | 4,342 | -15,203 | 27,590 |
omega payroll services ltd Credit Report and Business Information
Omega Payroll Services Ltd Competitor Analysis
Perform a competitor analysis for omega payroll services ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in M 6 area or any other competitors across 12 key performance metrics.
omega payroll services ltd Ownership
OMEGA PAYROLL SERVICES LTD group structure
Omega Payroll Services Ltd has no subsidiary companies.
Ultimate parent company
OMEGA PAYROLL SERVICES LTD
09479876
omega payroll services ltd directors
Omega Payroll Services Ltd currently has 2 directors. The longest serving directors include Mr Azim Hussain (Jul 2018) and Miss Lynne Walker (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Azim Hussain | England | 45 years | Jul 2018 | - | Director |
| Miss Lynne Walker | United Kingdom | 57 years | Oct 2018 | - | Director |
P&L
March 2023turnover
120.9k
+30%
operating profit
2.6k
0%
gross margin
17.5%
+7.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.3k
+8.33%
total assets
31k
+0.04%
cash
0
0%
net assets
Total assets minus all liabilities
omega payroll services ltd company details
company number
09479876
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
March 2015
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
suite a, 8th floor st james house, salford, greater manchester, M6 5FW
Bank
-
Legal Advisor
-
omega payroll services ltd 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 omega payroll services ltd.
omega payroll services ltd 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.
Click to start generating capital raising & share issue transactions for OMEGA PAYROLL SERVICES LTD. This can take several minutes, an email will notify you when this has completed.
omega payroll services ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
