simplex payment services limited
simplex payment services limited Company Information
Company Number
10647713
Next Accounts
Sep 2025
Shareholders
simplexcc limited
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
5th floor one smart's place, london, WC2B 5LW
Website
-simplex payment services limited Estimated Valuation
Pomanda estimates the enterprise value of SIMPLEX PAYMENT SERVICES LIMITED at £0 based on a Turnover of £44 and -2.41x industry multiple (adjusted for size and gross margin).
simplex payment services limited Estimated Valuation
Pomanda estimates the enterprise value of SIMPLEX PAYMENT SERVICES LIMITED at £265.8k based on an EBITDA of £-32k and a -8.31x industry multiple (adjusted for size and gross margin).
simplex payment services limited Estimated Valuation
Pomanda estimates the enterprise value of SIMPLEX PAYMENT SERVICES LIMITED at £194.6k based on Net Assets of £149.1k and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Simplex Payment Services Limited Overview
Simplex Payment Services Limited is a live company located in london, WC2B 5LW with a Companies House number of 10647713. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in March 2017, it's largest shareholder is simplexcc limited with a 100% stake. Simplex Payment Services Limited is a young, micro sized company, Pomanda has estimated its turnover at £44 with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Simplex Payment Services Limited Health Check
Pomanda's financial health check has awarded Simplex Payment Services Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
7 Weak
Size
annual sales of £44, make it smaller than the average company (£5.6m)
£44 - Simplex Payment Services Limited
£5.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -94%, show it is growing at a slower rate (5%)
- Simplex Payment Services Limited
5% - Industry AVG
Production
with a gross margin of -295.4%, this company has a higher cost of product (54.1%)
-295.4% - Simplex Payment Services Limited
54.1% - Industry AVG
Profitability
an operating margin of -72719% make it less profitable than the average company (9.1%)
-72719% - Simplex Payment Services Limited
9.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (14)
2 - Simplex Payment Services Limited
14 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Simplex Payment Services Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £22, this is less efficient (£223.3k)
£22 - Simplex Payment Services Limited
£223.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Simplex Payment Services Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Simplex Payment Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Simplex Payment Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is less cash available to meet short term requirements (29 weeks)
18 weeks - Simplex Payment Services Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24.3%, this is a lower level of debt than the average (71.4%)
24.3% - Simplex Payment Services Limited
71.4% - Industry AVG
SIMPLEX PAYMENT SERVICES LIMITED financials
Simplex Payment Services Limited's latest turnover from December 2023 is £44 and the company has net assets of £149.1 thousand. According to their latest financial statements, Simplex Payment Services Limited has 2 employees and maintains cash reserves of £16.6 thousand 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 | |
|---|---|---|---|---|---|---|---|
| Turnover | 44 | 680 | 211,995 | ||||
| Other Income Or Grants | |||||||
| Cost Of Sales | 174 | 867 | 99,410 | ||||
| Gross Profit | -130 | -187 | 112,585 | ||||
| Admin Expenses | 109,921 | ||||||
| Operating Profit | 2,664 | ||||||
| Interest Payable | |||||||
| Interest Receivable | 5,492 | ||||||
| Pre-Tax Profit | -32,067 | -40,576 | 2,664 | ||||
| Tax | 506 | -39 | -506 | ||||
| Profit After Tax | -31,561 | -40,615 | 2,158 | ||||
| Dividends Paid | |||||||
| Retained Profit | -31,561 | -40,615 | 2,158 | ||||
| Employee Costs | |||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | ||
| EBITDA* | 2,664 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | |||||||
| Stock & work in progress | |||||||
| Trade Debtors | 133 | 277 | 25,273 | 25,644 | 243,320 | 1,586,991 | |
| Group Debtors | 178,929 | 212,201 | 53,273 | ||||
| Misc Debtors | 1,387 | 881 | 920 | 1,426 | 3,650 | 132 | |
| Cash | 16,586 | 222,838 | 399,349 | 535,063 | 250,558 | 33,291 | |
| misc current assets | |||||||
| total current assets | 196,902 | 213,215 | 224,035 | 426,048 | 564,357 | 547,283 | 1,620,282 |
| total assets | 196,902 | 213,215 | 224,035 | 426,048 | 564,357 | 547,283 | 1,620,282 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 5,160 | 780 | 780 | 1,860 | 1,080 | 9,374 | |
| Group/Directors Accounts | 23,367 | 2,049 | 1,944 | 66,099 | 181,661 | 1,338,001 | |
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 24,400 | 25,310 | 140,016 | 171,166 | 320,974 | 194,570 | |
| total current liabilities | 47,767 | 32,519 | 2,724 | 206,895 | 354,687 | 322,054 | 1,541,945 |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | |||||||
| total liabilities | 47,767 | 32,519 | 2,724 | 206,895 | 354,687 | 322,054 | 1,541,945 |
| net assets | 149,135 | 180,696 | 221,311 | 219,153 | 209,670 | 225,229 | 78,337 |
| total shareholders funds | 149,135 | 180,696 | 221,311 | 219,153 | 209,670 | 225,229 | 78,337 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 2,664 | ||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | 506 | -39 | -506 | ||||
| Stock | |||||||
| Debtors | -32,899 | 212,018 | -25,502 | -2,595 | -267,431 | -1,290,266 | 1,586,991 |
| Creditors | -5,160 | 4,380 | -1,080 | 780 | -8,294 | 9,374 | |
| Accruals and Deferred Income | -910 | 25,310 | -140,016 | -31,150 | -149,808 | 126,404 | 194,570 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | -112,356 | ||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | 21,318 | 105 | -64,155 | -115,562 | 181,661 | -1,338,001 | 1,338,001 |
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | 5,492 | ||||||
| cash flow from financing | 26,810 | 105 | -64,155 | ||||
| cash and cash equivalents | |||||||
| cash | 16,586 | -222,838 | -176,511 | -135,714 | 284,505 | 217,267 | 33,291 |
| overdraft | |||||||
| change in cash | 16,586 | -222,838 | -176,511 | -135,714 | 284,505 | 217,267 | 33,291 |
simplex payment services limited Credit Report and Business Information
Simplex Payment Services Limited Competitor Analysis
Perform a competitor analysis for simplex payment services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in WC2B area or any other competitors across 12 key performance metrics.
simplex payment services limited Ownership
SIMPLEX PAYMENT SERVICES LIMITED group structure
Simplex Payment Services Limited has no subsidiary companies.
Ultimate parent company
SIMPLEXCC LTD
#0109382
1 parent
SIMPLEX PAYMENT SERVICES LIMITED
10647713
simplex payment services limited directors
Simplex Payment Services Limited currently has 3 directors. The longest serving directors include Mr Philip Atherton (Sep 2021) and Shemer Katz (Nov 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Atherton | United Kingdom | 61 years | Sep 2021 | - | Director |
| Shemer Katz | 58 years | Nov 2022 | - | Director | |
| Mr Guy Douek | 44 years | Mar 2023 | - | Director |
P&L
December 2023turnover
44
-94%
operating profit
-32k
0%
gross margin
-295.4%
+974.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
149.1k
-0.17%
total assets
196.9k
-0.08%
cash
16.6k
0%
net assets
Total assets minus all liabilities
simplex payment services limited company details
company number
10647713
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
March 2017
age
8
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
FORVIS MAZARS LLP
address
5th floor one smart's place, london, WC2B 5LW
Bank
-
Legal Advisor
-
simplex payment 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 did not find charges/mortgages relating to simplex payment services limited.
simplex payment 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.
Click to start generating capital raising & share issue transactions for SIMPLEX PAYMENT SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
simplex payment services limited Companies House Filings - See Documents
| date | description | view/download |
|---|
