paga group ltd
paga group ltd Company Information
Company Number
12357709
Next Accounts
Sep 2025
Shareholders
eyitayo david oviosu revocable trust
adlevo capital africa llc
View AllGroup 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
3 more london riverside, london, SE1 2AQ
Website
-paga group ltd Estimated Valuation
Pomanda estimates the enterprise value of PAGA GROUP LTD at £22.1m based on a Turnover of £13.1m and 1.7x industry multiple (adjusted for size and gross margin).
paga group ltd Estimated Valuation
Pomanda estimates the enterprise value of PAGA GROUP LTD at £0 based on an EBITDA of £-442.5k and a 5.85x industry multiple (adjusted for size and gross margin).
paga group ltd Estimated Valuation
Pomanda estimates the enterprise value of PAGA GROUP LTD at £50.6m based on Net Assets of £37.7m and 1.34x industry multiple (adjusted for liquidity).
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Paga Group Ltd Overview
Paga Group Ltd is a live company located in london, SE1 2AQ with a Companies House number of 12357709. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in December 2019, it's largest shareholder is eyitayo david oviosu revocable trust with a 15.7% stake. Paga Group Ltd is a young, mid sized company, Pomanda has estimated its turnover at £13.1m with rapid growth in recent years.
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Paga Group Ltd Health Check
Pomanda's financial health check has awarded Paga Group Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £13.1m, make it larger than the average company (£5.5m)
- Paga Group Ltd
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 107%, show it is growing at a faster rate (4.9%)
- Paga Group Ltd
4.9% - Industry AVG
Production
with a gross margin of 53.9%, this company has a comparable cost of product (53.9%)
- Paga Group Ltd
53.9% - Industry AVG
Profitability
an operating margin of -3.4% make it less profitable than the average company (9.1%)
- Paga Group Ltd
9.1% - Industry AVG
Employees
with 5 employees, this is below the industry average (14)
5 - Paga Group Ltd
14 - Industry AVG
Pay Structure
on an average salary of £82.9k, the company has an equivalent pay structure (£82.9k)
- Paga Group Ltd
£82.9k - Industry AVG
Efficiency
resulting in sales per employee of £2.6m, this is more efficient (£223.8k)
- Paga Group Ltd
£223.8k - Industry AVG
Debtor Days
it gets paid by customers after 82 days, this is later than average (33 days)
- Paga Group Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (46 days)
- Paga Group Ltd
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Paga Group Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2782 weeks, this is more cash available to meet short term requirements (29 weeks)
2782 weeks - Paga Group Ltd
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.1%, this is a lower level of debt than the average (70.8%)
1.1% - Paga Group Ltd
70.8% - Industry AVG
PAGA GROUP LTD financials
Paga Group Ltd's latest turnover from December 2023 is estimated at £13.1 million and the company has net assets of £37.7 million. According to their latest financial statements, Paga Group Ltd has 5 employees and maintains cash reserves of £757.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| 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 | 5 | 7 | 7 | 9 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 34,457,828 | 36,176,222 | 35,788,668 | 35,788,668 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 34,457,828 | 36,176,222 | 35,788,668 | 35,788,668 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,937,550 | 1,800,102 | 1,735,047 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 757,611 | 35 | 489,046 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 3,695,161 | 1,800,137 | 2,224,093 | 0 |
| total assets | 38,152,989 | 37,976,359 | 38,012,761 | 35,788,668 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 14,158 | 201,855 | 460,154 | 11,298 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 14,158 | 201,855 | 460,154 | 11,298 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 421,995 | 2,286,588 | 2,765,713 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 421,995 | 2,286,588 | 2,765,713 | 0 |
| total liabilities | 436,153 | 2,488,443 | 3,225,867 | 11,298 |
| net assets | 37,716,836 | 35,487,916 | 34,786,894 | 35,777,370 |
| total shareholders funds | 37,716,836 | 35,487,916 | 34,786,894 | 35,777,370 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 1,137,448 | 65,055 | 1,735,047 | 0 |
| Creditors | -187,697 | -258,299 | 448,856 | 11,298 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | -1,718,394 | 387,554 | 0 | 35,788,668 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | -1,864,593 | -479,125 | 2,765,713 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 757,576 | -489,011 | 489,046 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 757,576 | -489,011 | 489,046 | 0 |
paga group ltd Credit Report and Business Information
Paga Group Ltd Competitor Analysis
Perform a competitor analysis for paga group ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in SE1 area or any other competitors across 12 key performance metrics.
paga group ltd Ownership
PAGA GROUP LTD group structure
Paga Group Ltd has no subsidiary companies.
Ultimate parent company
PAGA GROUP LTD
12357709
paga group ltd directors
Paga Group Ltd currently has 5 directors. The longest serving directors include Eyitayo Oviosu (Dec 2019) and Tanimola Fafunwa (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Eyitayo Oviosu | United Kingdom | 47 years | Dec 2019 | - | Director |
| Tanimola Fafunwa | United Kingdom | 60 years | Jul 2020 | - | Director |
| Mr Tokunboh Ishmael | England | 58 years | Jul 2020 | - | Director |
| Tanimola Fafunwa | United Kingdom | 60 years | Jul 2020 | - | Director |
| Mr Folabi Esan | England | 58 years | Dec 2021 | - | Director |
P&L
December 2023turnover
13.1m
+57%
operating profit
-442.5k
0%
gross margin
54%
-3.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
37.7m
+0.06%
total assets
38.2m
0%
cash
757.6k
+21645.03%
net assets
Total assets minus all liabilities
paga group ltd company details
company number
12357709
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
December 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
ZENITH ACCOUNTING & BUSINESS SOLUTIONS LTD
auditor
-
address
3 more london riverside, london, SE1 2AQ
Bank
-
Legal Advisor
-
paga group 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 did not find charges/mortgages relating to paga group ltd.
paga group ltd 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.
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paga group ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
