etz payments ltd
etz payments ltd Company Information
Company Number
11998304
Website
www.etzpayments.comRegistered Address
glan y gors, glan y gors, village road, mold, denbighshire, CH7 5LR
Industry
Business and domestic software development
Telephone
08003112266
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
etz plc 100%
etz payments ltd Estimated Valuation
Pomanda estimates the enterprise value of ETZ PAYMENTS LTD at £15.1m based on a Turnover of £14.2m and 1.06x industry multiple (adjusted for size and gross margin).
etz payments ltd Estimated Valuation
Pomanda estimates the enterprise value of ETZ PAYMENTS LTD at £0 based on an EBITDA of £-4k and a 6.97x industry multiple (adjusted for size and gross margin).
etz payments ltd Estimated Valuation
Pomanda estimates the enterprise value of ETZ PAYMENTS LTD at £5.7m based on Net Assets of £2.4m and 2.37x industry multiple (adjusted for liquidity).
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Etz Payments Ltd Overview
Etz Payments Ltd is a live company located in mold, CH7 5LR with a Companies House number of 11998304. It operates in the business and domestic software development sector, SIC Code 62012. Founded in May 2019, it's largest shareholder is etz plc with a 100% stake. Etz Payments Ltd is a young, mid sized company, Pomanda has estimated its turnover at £14.2m with rapid growth in recent years.
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Etz Payments Ltd Health Check
Pomanda's financial health check has awarded Etz Payments Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £14.2m, make it larger than the average company (£4.5m)
- Etz Payments Ltd
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 81%, show it is growing at a faster rate (10.1%)
- Etz Payments Ltd
10.1% - Industry AVG
Production
with a gross margin of 72.3%, this company has a comparable cost of product (72.3%)
- Etz Payments Ltd
72.3% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (3.7%)
- Etz Payments Ltd
3.7% - Industry AVG
Employees
with 16 employees, this is below the industry average (40)
16 - Etz Payments Ltd
40 - Industry AVG
Pay Structure
on an average salary of £71.6k, the company has an equivalent pay structure (£71.6k)
- Etz Payments Ltd
£71.6k - Industry AVG
Efficiency
resulting in sales per employee of £890k, this is more efficient (£120.9k)
- Etz Payments Ltd
£120.9k - Industry AVG
Debtor Days
it gets paid by customers after 100 days, this is later than average (58 days)
- Etz Payments Ltd
58 days - Industry AVG
Creditor Days
its suppliers are paid after 287 days, this is slower than average (39 days)
- Etz Payments Ltd
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Etz Payments Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Etz Payments Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.3%, this is a similar level of debt than the average (61.4%)
61.3% - Etz Payments Ltd
61.4% - Industry AVG
ETZ PAYMENTS LTD financials
Etz Payments Ltd's latest turnover from December 2023 is estimated at £14.2 million and the company has net assets of £2.4 million. According to their latest financial statements, Etz Payments Ltd has 16 employees 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 | |
|---|---|---|---|---|---|
| Turnover | 2,395,617 | 1,531,602 | |||
| Other Income Or Grants | 0 | 0 | |||
| Cost Of Sales | 6,250 | 86,413 | |||
| Gross Profit | 2,389,367 | 1,445,189 | |||
| Admin Expenses | 1,430,693 | 1,149,505 | |||
| Operating Profit | 958,674 | 295,684 | |||
| Interest Payable | 691 | 0 | |||
| Interest Receivable | 961 | 23 | |||
| Pre-Tax Profit | -525,264 | 295,707 | |||
| Tax | -183,780 | -12,597 | |||
| Profit After Tax | -709,044 | 283,110 | |||
| Dividends Paid | 215,735 | 0 | |||
| Retained Profit | -924,779 | 283,110 | |||
| Employee Costs | |||||
| Number Of Employees | 16 | 2 | |||
| EBITDA* | 967,445 | 295,684 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 9,505 | 17,777 | 18,468 | 26,311 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,505 | 17,777 | 18,468 | 26,311 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,918,766 | 4,407,227 | 414,746 | 181,776 | 206,912 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 2,499,698 | 69,206 | 557,918 |
| Cash | 0 | 0 | 92,289 | 315,125 | 59,250 |
| misc current assets | 2,298,947 | 48,153 | 5,679 | 0 | 0 |
| total current assets | 6,217,713 | 4,455,380 | 3,012,412 | 566,107 | 824,080 |
| total assets | 6,227,218 | 4,473,157 | 3,030,880 | 592,418 | 824,080 |
| Bank overdraft | 0 | 0 | 189,180 | 5,601 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,110,202 | 1,308,507 | 38,670 | 153,152 | 169,683 |
| Group/Directors Accounts | 0 | 0 | 0 | 217,325 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 1,536,467 | 813,609 | 234,472 |
| total current liabilities | 3,110,202 | 1,308,507 | 1,764,317 | 1,189,687 | 404,155 |
| loans | 0 | 0 | 349,085 | 44,399 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 522,736 | 551,028 | 0 | 0 | 136,814 |
| other liabilities | 182,335 | 184,975 | 0 | 0 | 0 |
| provisions | 2,341 | 2,995 | 3,509 | 0 | 0 |
| total long term liabilities | 707,412 | 738,998 | 352,594 | 44,399 | 136,814 |
| total liabilities | 3,817,614 | 2,047,505 | 2,116,911 | 1,234,086 | 540,969 |
| net assets | 2,409,604 | 2,425,652 | 913,969 | -641,668 | 283,111 |
| total shareholders funds | 2,409,604 | 2,425,652 | 913,969 | -641,668 | 283,111 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 958,674 | 295,684 | |||
| Depreciation | 12,001 | 10,678 | 8,832 | 8,771 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | -183,780 | -12,597 | |||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -488,461 | 1,492,783 | 2,663,462 | -513,848 | 764,830 |
| Creditors | 1,801,695 | 1,269,837 | -114,482 | -16,531 | 169,683 |
| Accruals and Deferred Income | -28,292 | -985,439 | 722,858 | 442,323 | 371,286 |
| Deferred Taxes & Provisions | -654 | -514 | 3,509 | 0 | 0 |
| Cash flow from operations | 1,723,305 | 59,226 | |||
| 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 | -217,325 | 217,325 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -349,085 | 304,686 | 44,399 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -2,640 | 184,975 | 0 | 0 | 0 |
| share issue | |||||
| interest | 270 | 23 | |||
| cash flow from financing | 261,994 | 24 | |||
| cash and cash equivalents | |||||
| cash | 0 | -92,289 | -222,836 | 255,875 | 59,250 |
| overdraft | 0 | -189,180 | 183,579 | 5,601 | 0 |
| change in cash | 0 | 96,891 | -406,415 | 250,274 | 59,250 |
etz payments ltd Credit Report and Business Information
Etz Payments Ltd Competitor Analysis
Perform a competitor analysis for etz payments ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in CH7 area or any other competitors across 12 key performance metrics.
etz payments ltd Ownership
ETZ PAYMENTS LTD group structure
Etz Payments Ltd has no subsidiary companies.
Ultimate parent company
GALESTOCK HOLDINGS LTD
#0151484
2 parents
ETZ PAYMENTS LTD
11998304
etz payments ltd directors
Etz Payments Ltd currently has 4 directors. The longest serving directors include Mr Nicholas Woodward (Nov 2020) and Mr Nicholas Woodward (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Woodward | England | 63 years | Nov 2020 | - | Director |
| Mr Nicholas Woodward | United Kingdom | 63 years | Nov 2020 | - | Director |
| Ms Julie Amos | England | 63 years | Mar 2022 | - | Director |
| Ms Ana Brooks | United Kingdom | 41 years | Jun 2024 | - | Director |
P&L
December 2023turnover
14.2m
0%
operating profit
-16k
0%
gross margin
72.3%
+0.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.4m
-0.01%
total assets
6.2m
+0.39%
cash
0
0%
net assets
Total assets minus all liabilities
etz payments ltd company details
company number
11998304
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
May 2019
age
5
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
HSJ AUDIT LIMITED
auditor
-
address
glan y gors, glan y gors, village road, mold, denbighshire, CH7 5LR
Bank
-
Legal Advisor
-
etz payments 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 found 2 charges/mortgages relating to etz payments ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
etz payments ltd Companies House Filings - See Documents
| date | description | view/download |
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