payroll software & services group topco limited
payroll software & services group topco limited Company Information
Company Number
12341491
Next Accounts
Dec 2025
Shareholders
tenzing pe i gp llp
eric dunmore
View AllGroup Structure
View All
Industry
Activities of financial services holding companies
Registered Address
maling exchange, hoults yard, walker road, newcastle upon tyne, NE6 2HL
Website
-payroll software & services group topco limited Estimated Valuation
Pomanda estimates the enterprise value of PAYROLL SOFTWARE & SERVICES GROUP TOPCO LIMITED at £28.4m based on a Turnover of £18.5m and 1.53x industry multiple (adjusted for size and gross margin).
payroll software & services group topco limited Estimated Valuation
Pomanda estimates the enterprise value of PAYROLL SOFTWARE & SERVICES GROUP TOPCO LIMITED at £0 based on an EBITDA of £-1m and a 5.68x industry multiple (adjusted for size and gross margin).
payroll software & services group topco limited Estimated Valuation
Pomanda estimates the enterprise value of PAYROLL SOFTWARE & SERVICES GROUP TOPCO LIMITED at £0 based on Net Assets of £-16.5m and 1.67x industry multiple (adjusted for liquidity).
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Payroll Software & Services Group Topco Limited Overview
Payroll Software & Services Group Topco Limited is a live company located in newcastle upon tyne, NE6 2HL with a Companies House number of 12341491. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in November 2019, it's largest shareholder is tenzing pe i gp llp with a 82.4% stake. Payroll Software & Services Group Topco Limited is a young, mid sized company, Pomanda has estimated its turnover at £18.5m with healthy growth in recent years.
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Payroll Software & Services Group Topco Limited Health Check
Pomanda's financial health check has awarded Payroll Software & Services Group Topco Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £18.5m, make it larger than the average company (£11.5m)
£18.5m - Payroll Software & Services Group Topco Limited
£11.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (9.3%)
11% - Payroll Software & Services Group Topco Limited
9.3% - Industry AVG
Production
with a gross margin of 58.5%, this company has a higher cost of product (76.7%)
58.5% - Payroll Software & Services Group Topco Limited
76.7% - Industry AVG
Profitability
an operating margin of -21.2% make it less profitable than the average company (7.1%)
-21.2% - Payroll Software & Services Group Topco Limited
7.1% - Industry AVG
Employees
with 213 employees, this is above the industry average (64)
213 - Payroll Software & Services Group Topco Limited
64 - Industry AVG
Pay Structure
on an average salary of £49.6k, the company has a lower pay structure (£78.9k)
£49.6k - Payroll Software & Services Group Topco Limited
£78.9k - Industry AVG
Efficiency
resulting in sales per employee of £86.8k, this is less efficient (£202.2k)
£86.8k - Payroll Software & Services Group Topco Limited
£202.2k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is near the average (43 days)
44 days - Payroll Software & Services Group Topco Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is quicker than average (47 days)
41 days - Payroll Software & Services Group Topco Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Payroll Software & Services Group Topco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (28 weeks)
7 weeks - Payroll Software & Services Group Topco Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 176.3%, this is a higher level of debt than the average (56.7%)
176.3% - Payroll Software & Services Group Topco Limited
56.7% - Industry AVG
PAYROLL SOFTWARE & SERVICES GROUP TOPCO LIMITED financials
Payroll Software & Services Group Topco Limited's latest turnover from March 2024 is £18.5 million and the company has net assets of -£16.5 million. According to their latest financial statements, Payroll Software & Services Group Topco Limited has 213 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| Turnover | 18,478,059 | 16,447,975 | 13,282,509 | 13,545,168 |
| Other Income Or Grants | ||||
| Cost Of Sales | 7,664,798 | 5,835,413 | 5,337,716 | 7,041,428 |
| Gross Profit | 10,813,261 | 10,612,562 | 7,944,793 | 6,503,740 |
| Admin Expenses | 14,724,532 | 11,920,877 | 9,989,624 | 8,621,073 |
| Operating Profit | -3,911,271 | -1,308,315 | -2,044,831 | -2,117,333 |
| Interest Payable | 2,297,408 | 1,913,526 | 1,341,355 | 1,450,747 |
| Interest Receivable | 3,249 | 24 | 3,127 | |
| Pre-Tax Profit | -6,208,679 | -3,218,592 | -3,386,162 | -3,564,953 |
| Tax | -75,512 | -146,177 | 39,415 | 48,610 |
| Profit After Tax | -6,284,191 | -3,364,769 | -3,346,747 | -3,516,343 |
| Dividends Paid | ||||
| Retained Profit | -6,284,056 | -3,470,742 | -3,406,003 | -3,516,343 |
| Employee Costs | 10,563,009 | 10,608,482 | 8,413,566 | 8,871,218 |
| Number Of Employees | 213 | 230 | 206 | 200 |
| EBITDA* | -1,031,391 | 1,376,672 | -301 | 412,225 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| Tangible Assets | 386,731 | 687,282 | 645,192 | 531,432 |
| Intangible Assets | 16,142,664 | 16,201,318 | 13,875,574 | 11,010,933 |
| Investments & Other | ||||
| Debtors (Due After 1 year) | 285,860 | |||
| Total Fixed Assets | 16,529,395 | 16,888,600 | 14,520,766 | 11,828,225 |
| Stock & work in progress | ||||
| Trade Debtors | 2,236,231 | 3,689,462 | 1,912,334 | 1,557,161 |
| Group Debtors | ||||
| Misc Debtors | 1,650,754 | 1,141,033 | 1,349,136 | 223,552 |
| Cash | 1,025,794 | 1,557,118 | 2,058,764 | 2,014,289 |
| misc current assets | ||||
| total current assets | 4,912,779 | 6,387,613 | 5,320,234 | 3,795,002 |
| total assets | 21,442,174 | 23,276,213 | 19,841,000 | 15,623,227 |
| Bank overdraft | ||||
| Bank loan | 2,000,000 | |||
| Trade Creditors | 867,694 | 441,390 | 494,727 | 467,145 |
| Group/Directors Accounts | ||||
| other short term finances | 17,811 | |||
| hp & lease commitments | ||||
| other current liabilities | 4,289,897 | 3,800,592 | 3,587,244 | 1,859,030 |
| total current liabilities | 7,157,591 | 4,241,982 | 4,081,971 | 2,343,986 |
| loans | 28,591,575 | 27,632,426 | 20,581,900 | 15,208,910 |
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | 2,062,719 | 1,487,325 | 1,947,719 | 1,494,174 |
| total long term liabilities | 30,654,294 | 29,119,751 | 22,529,619 | 16,703,084 |
| total liabilities | 37,811,885 | 33,361,733 | 26,611,590 | 19,047,070 |
| net assets | -16,534,805 | -10,250,749 | -6,829,846 | -3,423,843 |
| total shareholders funds | -16,534,805 | -10,250,749 | -6,829,846 | -3,423,843 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -3,911,271 | -1,308,315 | -2,044,831 | -2,117,333 |
| Depreciation | 296,519 | 219,546 | 181,800 | 232,637 |
| Amortisation | 2,583,361 | 2,465,441 | 1,862,730 | 2,296,921 |
| Tax | -75,512 | -146,177 | 39,415 | 48,610 |
| Stock | ||||
| Debtors | -943,510 | 1,569,025 | 1,194,897 | 2,066,573 |
| Creditors | 426,304 | -53,337 | 27,582 | 467,145 |
| Accruals and Deferred Income | 489,305 | 213,348 | 1,728,214 | 1,859,030 |
| Deferred Taxes & Provisions | 575,394 | -460,394 | 453,545 | 1,494,174 |
| Cash flow from operations | 1,327,610 | -638,913 | 1,053,558 | 2,214,611 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 2,000,000 | |||
| Group/Directors Accounts | ||||
| Other Short Term Loans | -17,811 | 17,811 | ||
| Long term loans | 959,149 | 7,050,526 | 5,372,990 | 15,208,910 |
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | -2,297,408 | -1,910,277 | -1,341,331 | -1,447,620 |
| cash flow from financing | 661,741 | 5,190,088 | 4,013,848 | 13,871,601 |
| cash and cash equivalents | ||||
| cash | -531,324 | -501,646 | 44,475 | 2,014,289 |
| overdraft | ||||
| change in cash | -531,324 | -501,646 | 44,475 | 2,014,289 |
payroll software & services group topco limited Credit Report and Business Information
Payroll Software & Services Group Topco Limited Competitor Analysis
Perform a competitor analysis for payroll software & services group topco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in NE6 area or any other competitors across 12 key performance metrics.
payroll software & services group topco limited Ownership
PAYROLL SOFTWARE & SERVICES GROUP TOPCO LIMITED group structure
Payroll Software & Services Group Topco Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
PAYROLL SOFTWARE & SERVICES GROUP TOPCO LIMITED
12341491
2 subsidiaries
payroll software & services group topco limited directors
Payroll Software & Services Group Topco Limited currently has 10 directors. The longest serving directors include Mr Eric Dunmore (Dec 2019) and Mr Eric Dunmore (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Eric Dunmore | England | 62 years | Dec 2019 | - | Director |
| Mr Eric Dunmore | England | 62 years | Dec 2019 | - | Director |
| Mr Milan Kellner | United Kingdom | 36 years | Apr 2020 | - | Director |
| Mr Daniel Brooker | United Kingdom | 42 years | Dec 2020 | - | Director |
| Mr Daniel Brooker | United Kingdom | 42 years | Dec 2020 | - | Director |
| Mr Sebastian Aspland | England | 40 years | Dec 2020 | - | Director |
| Mrs Michelle Marinos | England | 53 years | Mar 2021 | - | Director |
| Mrs Lisa Stone | United Kingdom | 63 years | May 2022 | - | Director |
| Ms Sophie Glanfield | England | 28 years | Mar 2024 | - | Director |
| Mr Robert Jones | England | 46 years | Mar 2024 | - | Director |
P&L
March 2024turnover
18.5m
+12%
operating profit
-3.9m
+199%
gross margin
58.6%
-9.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-16.5m
+0.61%
total assets
21.4m
-0.08%
cash
1m
-0.34%
net assets
Total assets minus all liabilities
payroll software & services group topco limited company details
company number
12341491
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
November 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
hilary topco limited (June 2020)
accountant
-
auditor
HAYSMACINTYRE LLP
address
maling exchange, hoults yard, walker road, newcastle upon tyne, NE6 2HL
Bank
-
Legal Advisor
-
payroll software & services group topco 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 5 charges/mortgages relating to payroll software & services group topco limited. Currently there are 4 open charges and 1 have been satisfied in the past.
payroll software & services group topco 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 PAYROLL SOFTWARE & SERVICES GROUP TOPCO LIMITED. This can take several minutes, an email will notify you when this has completed.
payroll software & services group topco limited Companies House Filings - See Documents
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