bright payroll solutions limited
bright payroll solutions limited Company Information
Company Number
11273308
Website
brightps.co.ukRegistered Address
unit 7h, waterfall lane trading estate, cradley heath, B64 6PU
Industry
Bookkeeping activities
Telephone
443333554477
Next Accounts Due
December 2024
Group Structure
View All
Directors
Scott Faulkner3 Years
Shareholders
scott faulkner 100%
bright payroll solutions limited Estimated Valuation
Pomanda estimates the enterprise value of BRIGHT PAYROLL SOLUTIONS LIMITED at £553k based on a Turnover of £470.5k and 1.18x industry multiple (adjusted for size and gross margin).
bright payroll solutions limited Estimated Valuation
Pomanda estimates the enterprise value of BRIGHT PAYROLL SOLUTIONS LIMITED at £0 based on an EBITDA of £-5.1k and a 5.92x industry multiple (adjusted for size and gross margin).
bright payroll solutions limited Estimated Valuation
Pomanda estimates the enterprise value of BRIGHT PAYROLL SOLUTIONS LIMITED at £0 based on Net Assets of £-272.3k and 4.05x industry multiple (adjusted for liquidity).
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Bright Payroll Solutions Limited Overview
Bright Payroll Solutions Limited is a live company located in cradley heath, B64 6PU with a Companies House number of 11273308. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in March 2018, it's largest shareholder is scott faulkner with a 100% stake. Bright Payroll Solutions Limited is a young, micro sized company, Pomanda has estimated its turnover at £470.5k with declining growth in recent years.
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Bright Payroll Solutions Limited Health Check
Pomanda's financial health check has awarded Bright Payroll Solutions Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £470.5k, make it larger than the average company (£83.2k)
- Bright Payroll Solutions Limited
£83.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4.8%)
- Bright Payroll Solutions Limited
4.8% - Industry AVG
Production
with a gross margin of 75.3%, this company has a comparable cost of product (75.3%)
- Bright Payroll Solutions Limited
75.3% - Industry AVG
Profitability
an operating margin of -1.6% make it less profitable than the average company (17.2%)
- Bright Payroll Solutions Limited
17.2% - Industry AVG
Employees
with 2 employees, this is similar to the industry average (2)
2 - Bright Payroll Solutions Limited
2 - Industry AVG
Pay Structure
on an average salary of £14.9k, the company has an equivalent pay structure (£14.9k)
- Bright Payroll Solutions Limited
£14.9k - Industry AVG
Efficiency
resulting in sales per employee of £235.2k, this is more efficient (£40k)
- Bright Payroll Solutions Limited
£40k - Industry AVG
Debtor Days
it gets paid by customers after 99 days, this is later than average (72 days)
- Bright Payroll Solutions Limited
72 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (5 days)
- Bright Payroll Solutions Limited
5 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Bright Payroll Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (48 weeks)
11 weeks - Bright Payroll Solutions Limited
48 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 153.1%, this is a higher level of debt than the average (60%)
153.1% - Bright Payroll Solutions Limited
60% - Industry AVG
bright payroll solutions limited Credit Report and Business Information
Bright Payroll Solutions Limited Competitor Analysis
Perform a competitor analysis for bright payroll solutions limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
bright payroll solutions limited Ownership
BRIGHT PAYROLL SOLUTIONS LIMITED group structure
Bright Payroll Solutions Limited has no subsidiary companies.
Ultimate parent company
1 parent
BRIGHT PAYROLL SOLUTIONS LIMITED
11273308
bright payroll solutions limited directors
Bright Payroll Solutions Limited currently has 1 director, Mr Scott Faulkner serving since Sep 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Scott Faulkner | England | 42 years | Sep 2020 | - | Director |
BRIGHT PAYROLL SOLUTIONS LIMITED financials
Bright Payroll Solutions Limited's latest turnover from March 2023 is estimated at £470.5 thousand and the company has net assets of -£272.3 thousand. According to their latest financial statements, Bright Payroll Solutions Limited has 2 employees and maintains cash reserves of £175.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 722 | 1,084 | 0 | 0 | 0 |
| Intangible Assets | 10,000 | 12,000 | 14,000 | 16,000 | 18,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,722 | 13,084 | 14,000 | 16,000 | 18,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 128,508 | 279,924 | 406,769 | 133,964 | 153,372 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 197,667 | 159,947 | 226,710 | 154,115 | 133,685 |
| Cash | 175,650 | 252,482 | 432,430 | 766,856 | 300,047 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 501,825 | 692,353 | 1,065,909 | 1,054,935 | 587,104 |
| total assets | 512,547 | 705,437 | 1,079,909 | 1,070,935 | 605,104 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 535 | 1,048 | 1,877 | 752 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 3,990 | 1,990 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 784,309 | 978,032 | 1,016,376 | 1,031,769 | 463,877 |
| total current liabilities | 784,844 | 979,080 | 1,018,253 | 1,036,511 | 465,867 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 784,844 | 979,080 | 1,018,253 | 1,036,511 | 465,867 |
| net assets | -272,297 | -273,643 | 61,656 | 34,424 | 139,237 |
| total shareholders funds | -272,297 | -273,643 | 61,656 | 34,424 | 139,237 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 362 | 361 | 0 | 0 | 0 |
| Amortisation | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 |
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -113,696 | -193,608 | 345,400 | 1,022 | 287,057 |
| Creditors | -513 | -829 | 1,125 | 752 | 0 |
| Accruals and Deferred Income | -193,723 | -38,344 | -15,393 | 567,892 | 463,877 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -3,990 | 2,000 | 1,990 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -76,832 | -179,948 | -334,426 | 466,809 | 300,047 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -76,832 | -179,948 | -334,426 | 466,809 | 300,047 |
P&L
March 2023turnover
470.5k
-51%
operating profit
-7.4k
0%
gross margin
75.3%
-6.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-272.3k
0%
total assets
512.5k
-0.27%
cash
175.7k
-0.3%
net assets
Total assets minus all liabilities
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bright payroll solutions limited company details
company number
11273308
Type
Private limited with Share Capital
industry
69202 - Bookkeeping activities
incorporation date
March 2018
age
6
accounts
Total Exemption Full
ultimate parent company
previous names
lenvalley limited (May 2018)
incorporated
UK
address
unit 7h, waterfall lane trading estate, cradley heath, B64 6PU
last accounts submitted
March 2023
bright payroll solutions 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 bright payroll solutions limited.
bright payroll solutions limited Companies House Filings - See Documents
| date | description | view/download |
|---|
