olympic house 28-42, clements road, ilford, IG1 1BA
Website
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pay express ltdEstimated Valuation
£4.8m
Pomanda estimates the enterprise value of PAY EXPRESS LTD at £4.8m based on a Turnover of £6.1m and 0.78x industry multiple (adjusted for size and gross margin).
pay express ltdEstimated Valuation
£119.5k
Pomanda estimates the enterprise value of PAY EXPRESS LTD at £119.5k based on an EBITDA of £26.4k and a 4.53x industry multiple (adjusted for size and gross margin).
pay express ltdEstimated Valuation
£106.2k
Pomanda estimates the enterprise value of PAY EXPRESS LTD at £106.2k based on Net Assets of £35.3k and 3.01x industry multiple (adjusted for liquidity).
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Pay Express LtdOverview
Pay Express Ltd is a live company located in ilford, IG1 1BA with a Companies House number of 13498343. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in July 2021, it's largest shareholder is
faheem aslam
with a 100% stake. Pay Express Ltd is a startup,
mid sized company, Pomanda has estimated its turnover at
£6.1m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Pay Express Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
3 Strong
2 Regular
5 Weak
Size
annual sales of £6.1m, make it larger than the average company (£1.4m)
£6.1m - Pay Express Ltd
£1.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Pay Express Ltd
- - Industry AVG
Production
with a gross margin of 65.5%, this company has a comparable cost of product (65.5%)
65.5% - Pay Express Ltd
65.5% - Industry AVG
Profitability
an operating margin of 0.4% make it less profitable than the average company (7.5%)
0.4% - Pay Express Ltd
7.5% - Industry AVG
Employees
with 278 employees, this is above the industry average (10)
278 - Pay Express Ltd
10 - Industry AVG
Pay Structure
on an average salary of £36.9k, the company has an equivalent pay structure (£36.9k)
£36.9k - Pay Express Ltd
£36.9k - Industry AVG
Efficiency
resulting in sales per employee of £22k, this is less efficient (£93.8k)
£22k - Pay Express Ltd
£93.8k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (69 days)
2 days - Pay Express Ltd
69 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (31 days)
1 days - Pay Express Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Pay Express Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (29 weeks)
1 weeks - Pay Express Ltd
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.9%, this is a higher level of debt than the average (56.3%)
93.9% - Pay Express Ltd
56.3% - Industry AVG
PAY EXPRESS LTD financials
EXPORT
Pay Express Ltd's latest turnover from June 2023 is estimated at £6.1 million and the company has net assets of £35.3 thousand. According to their latest financial statements, Pay Express Ltd has 278 employees and maintains cash reserves of £4.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2023
Jul 2022
Turnover
6,113,208
7,308,586
Other Income Or Grants
Cost Of Sales
2,111,346
2,412,205
Gross Profit
4,001,862
4,896,381
Admin Expenses
3,976,222
4,876,750
Operating Profit
25,640
19,631
Interest Payable
Interest Receivable
128
3
Pre-Tax Profit
25,768
19,635
Tax
-6,442
-3,731
Profit After Tax
19,326
15,904
Dividends Paid
Retained Profit
19,326
15,904
Employee Costs
10,267,959
4,244,104
Number Of Employees
278
118
EBITDA*
26,353
19,631
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023
Jul 2022
Tangible Assets
1,149
1,862
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
441,285
204,076
Total Fixed Assets
442,434
205,938
Stock & work in progress
Trade Debtors
42,396
Group Debtors
Misc Debtors
87,225
Cash
4,558
548
misc current assets
total current assets
134,179
548
total assets
576,613
206,486
Bank overdraft
Bank loan
Trade Creditors
10,311
3,478
Group/Directors Accounts
11,248
11,248
other short term finances
hp & lease commitments
other current liabilities
133,843
110,844
total current liabilities
155,402
125,570
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
385,881
64,912
provisions
total long term liabilities
385,881
64,912
total liabilities
541,283
190,482
net assets
35,330
16,004
total shareholders funds
35,330
16,004
Jun 2023
Jul 2022
Operating Activities
Operating Profit
25,640
19,631
Depreciation
713
Amortisation
Tax
-6,442
-3,731
Stock
Debtors
366,830
204,076
Creditors
6,833
3,478
Accruals and Deferred Income
22,999
110,844
Deferred Taxes & Provisions
Cash flow from operations
-317,087
-73,854
Investing Activities
capital expenditure
-1,862
Change in Investments
cash flow from investments
-1,862
Financing Activities
Bank loans
Group/Directors Accounts
11,248
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
320,969
64,912
share issue
100
interest
128
3
cash flow from financing
321,097
76,263
cash and cash equivalents
cash
4,010
548
overdraft
change in cash
4,010
548
pay express ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for pay express ltd. Get real-time insights into pay express ltd's credit score, group structure and payment trends.
Perform a competitor analysis for pay express ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in IG1 area or any other competitors across 12 key performance metrics.
pay express ltd Ownership
PAY EXPRESS LTD group structure
Pay Express Ltd has no subsidiary companies.
Ultimate parent company
PAY EXPRESS LTD
13498343
PAY EXPRESS LTD Shareholders
The sole shareholder of Pay Express Ltd is Faheem Aslam.
faheem aslam
100%
pay express ltd directors
Pay Express Ltd currently has 1 director, Mr Faheem Aslam serving since Jul 2023.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023
net assets
35.3k
+1.21%
total assets
576.6k
+1.79%
cash
4.6k
+7.32%
net assets
Total assets minus all liabilities
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pay express ltd company details
company number
13498343
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
69203 - Tax consultancy
69202 - Bookkeeping activities
incorporation date
July 2021
age
4
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
olympic house 28-42, clements road, ilford, IG1 1BA
Bank
-
Legal Advisor
-
pay express 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 pay express ltd.
pay express 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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pay express ltdCompanies House Filings - See Documents
