faster transaction processing limited
faster transaction processing limited Company Information
Company Number
11008533
Next Accounts
Sep 2025
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Directors
Shareholders
michael john ault
Group Structure
View All
Contact
Registered Address
reading bridge house, george street, reading, berks, RG1 8LS
Website
universaltp.comfaster transaction processing limited Estimated Valuation
Pomanda estimates the enterprise value of FASTER TRANSACTION PROCESSING LIMITED at £387.1k based on a Turnover of £463.3k and 0.84x industry multiple (adjusted for size and gross margin).
faster transaction processing limited Estimated Valuation
Pomanda estimates the enterprise value of FASTER TRANSACTION PROCESSING LIMITED at £0 based on an EBITDA of £-25 and a 2.94x industry multiple (adjusted for size and gross margin).
faster transaction processing limited Estimated Valuation
Pomanda estimates the enterprise value of FASTER TRANSACTION PROCESSING LIMITED at £190.5k based on Net Assets of £148k and 1.29x industry multiple (adjusted for liquidity).
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Faster Transaction Processing Limited Overview
Faster Transaction Processing Limited is a live company located in reading, RG1 8LS with a Companies House number of 11008533. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in October 2017, it's largest shareholder is michael john ault with a 100% stake. Faster Transaction Processing Limited is a young, micro sized company, Pomanda has estimated its turnover at £463.3k with rapid growth in recent years.
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Faster Transaction Processing Limited Health Check
Pomanda's financial health check has awarded Faster Transaction Processing Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £463.3k, make it smaller than the average company (£5.5m)
- Faster Transaction Processing Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 116%, show it is growing at a faster rate (5%)
- Faster Transaction Processing Limited
5% - Industry AVG
Production
with a gross margin of 14%, this company has a higher cost of product (54.2%)
- Faster Transaction Processing Limited
54.2% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (9.1%)
- Faster Transaction Processing Limited
9.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (14)
- Faster Transaction Processing Limited
14 - Industry AVG
Pay Structure
on an average salary of £82.7k, the company has an equivalent pay structure (£82.7k)
- Faster Transaction Processing Limited
£82.7k - Industry AVG
Efficiency
resulting in sales per employee of £463.3k, this is more efficient (£224.5k)
- Faster Transaction Processing Limited
£224.5k - Industry AVG
Debtor Days
it gets paid by customers after 115 days, this is later than average (33 days)
- Faster Transaction Processing Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 136 days, this is slower than average (45 days)
- Faster Transaction Processing Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Faster Transaction Processing Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Faster Transaction Processing Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.2%, this is a lower level of debt than the average (70.2%)
50.2% - Faster Transaction Processing Limited
70.2% - Industry AVG
FASTER TRANSACTION PROCESSING LIMITED financials
Faster Transaction Processing Limited's latest turnover from December 2023 is estimated at £463.3 thousand and the company has net assets of £148 thousand. According to their latest financial statements, we estimate that Faster Transaction Processing Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 45,766 | 41,000 | ||||
| Other Income Or Grants | 0 | 0 | ||||
| Cost Of Sales | 0 | 0 | ||||
| Gross Profit | 45,766 | 41,000 | ||||
| Admin Expenses | 0 | 0 | ||||
| Operating Profit | 45,766 | 41,000 | ||||
| Interest Payable | 24,633 | 55,208 | ||||
| Interest Receivable | 0 | 0 | ||||
| Pre-Tax Profit | 21,133 | -14,208 | ||||
| Tax | 0 | 0 | ||||
| Profit After Tax | 21,133 | -14,208 | ||||
| Dividends Paid | 0 | 0 | ||||
| Retained Profit | 21,133 | -14,208 | ||||
| Employee Costs | 0 | 0 | ||||
| Number Of Employees | ||||||
| EBITDA* | 45,766 | 41,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 150,091 | 150,000 | 150,000 | 0 | 0 | 2,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 151,000 | 2,000 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 150,091 | 150,000 | 150,000 | 151,000 | 2,000 | 2,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 146,895 | 147,011 | 200,078 | 0 | 0 | 409,676 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 558,453 | 549,148 | 0 |
| Cash | 0 | 0 | 0 | 2,248 | 7,138 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 146,895 | 147,011 | 200,078 | 560,701 | 556,286 | 409,676 |
| total assets | 296,986 | 297,011 | 350,078 | 711,701 | 558,286 | 411,676 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 149,000 | 149,000 | 201,970 | 0 | 0 | 417,690 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 561,789 | 578,508 | 0 |
| total current liabilities | 149,000 | 149,000 | 201,970 | 561,789 | 578,508 | 417,690 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 149,000 | 149,000 | 201,970 | 561,789 | 578,508 | 417,690 |
| net assets | 147,986 | 148,011 | 148,108 | 149,912 | -20,222 | -6,014 |
| total shareholders funds | 147,986 | 148,011 | 148,108 | 149,912 | -20,222 | -6,014 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 45,766 | 41,000 | ||||
| Depreciation | 0 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | ||
| Tax | 0 | 0 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -116 | -53,067 | -358,375 | 9,305 | 139,472 | 409,676 |
| Creditors | 0 | -52,970 | 201,970 | 0 | -417,690 | 417,690 |
| Accruals and Deferred Income | 0 | 0 | -561,789 | -16,719 | 578,508 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 19,742 | 62,346 | ||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | -151,000 | 149,000 | 2,000 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -24,633 | -55,208 | ||||
| cash flow from financing | 124,368 | -55,208 | ||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | -2,248 | -4,890 | 7,138 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | -2,248 | -4,890 | 7,138 | 0 |
faster transaction processing limited Credit Report and Business Information
Faster Transaction Processing Limited Competitor Analysis
Perform a competitor analysis for faster transaction processing limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in RG1 area or any other competitors across 12 key performance metrics.
faster transaction processing limited Ownership
FASTER TRANSACTION PROCESSING LIMITED group structure
Faster Transaction Processing Limited has 3 subsidiary companies.
Ultimate parent company
FASTER TRANSACTION PROCESSING LIMITED
11008533
3 subsidiaries
faster transaction processing limited directors
Faster Transaction Processing Limited currently has 1 director, Mr Michael Ault serving since Jan 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Ault | England | 51 years | Jan 2018 | - | Director |
P&L
December 2023turnover
463.3k
+9%
operating profit
-25
0%
gross margin
14%
-10.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
148k
0%
total assets
297k
0%
cash
0
0%
net assets
Total assets minus all liabilities
faster transaction processing limited company details
company number
11008533
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
October 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
reading bridge house, george street, reading, berks, RG1 8LS
Bank
-
Legal Advisor
-
faster transaction processing 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 1 charges/mortgages relating to faster transaction processing limited. Currently there are 0 open charges and 1 have been satisfied in the past.
faster transaction processing 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 FASTER TRANSACTION PROCESSING LIMITED. This can take several minutes, an email will notify you when this has completed.
faster transaction processing limited Companies House Filings - See Documents
| date | description | view/download |
|---|
