w.a.g payment solutions plc
w.a.g payment solutions plc Company Information
Company Number
13544823
Next Accounts
Jun 2025
Industry
Activities of head offices
Other transportation support activities
Shareholders
couverina business s.r.o.
Group Structure
View All
Contact
Registered Address
third floor (east), albemarle house, london, W1S 4HA
Website
-w.a.g payment solutions plc Estimated Valuation
Pomanda estimates the enterprise value of W.A.G PAYMENT SOLUTIONS PLC at £1.7b based on a Turnover of £1.8b and 0.94x industry multiple (adjusted for size and gross margin).
w.a.g payment solutions plc Estimated Valuation
Pomanda estimates the enterprise value of W.A.G PAYMENT SOLUTIONS PLC at £430.8m based on an EBITDA of £73.7m and a 5.85x industry multiple (adjusted for size and gross margin).
w.a.g payment solutions plc Estimated Valuation
Pomanda estimates the enterprise value of W.A.G PAYMENT SOLUTIONS PLC at £507.2m based on Net Assets of £218.5m and 2.32x industry multiple (adjusted for liquidity).
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W.a.g Payment Solutions Plc Overview
W.a.g Payment Solutions Plc is a live company located in london, W1S 4HA with a Companies House number of 13544823. It operates in the activities of head offices sector, SIC Code 70100. Founded in August 2021, it's largest shareholder is couverina business s.r.o. with a 100% stake. W.a.g Payment Solutions Plc is a startup, mega sized company, Pomanda has estimated its turnover at £1.8b with high growth in recent years.
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W.a.g Payment Solutions Plc Health Check
Pomanda's financial health check has awarded W.A.G Payment Solutions Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £1.8b, make it larger than the average company (£11.1m)
£1.8b - W.a.g Payment Solutions Plc
£11.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (9%)
19% - W.a.g Payment Solutions Plc
9% - Industry AVG
Production
with a gross margin of 12.3%, this company has a higher cost of product (42.1%)
12.3% - W.a.g Payment Solutions Plc
42.1% - Industry AVG
Profitability
an operating margin of -1.3% make it less profitable than the average company (5.9%)
-1.3% - W.a.g Payment Solutions Plc
5.9% - Industry AVG
Employees
with 1786 employees, this is above the industry average (58)
1786 - W.a.g Payment Solutions Plc
58 - Industry AVG
Pay Structure
on an average salary of £46.2k, the company has an equivalent pay structure (£44.1k)
£46.2k - W.a.g Payment Solutions Plc
£44.1k - Industry AVG
Efficiency
resulting in sales per employee of £996k, this is more efficient (£182k)
£996k - W.a.g Payment Solutions Plc
£182k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is near the average (41 days)
49 days - W.a.g Payment Solutions Plc
41 days - Industry AVG
Creditor Days
its suppliers are paid after 61 days, this is slower than average (36 days)
61 days - W.a.g Payment Solutions Plc
36 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (24 days)
2 days - W.a.g Payment Solutions Plc
24 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (35 weeks)
8 weeks - W.a.g Payment Solutions Plc
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77%, this is a higher level of debt than the average (50.1%)
77% - W.a.g Payment Solutions Plc
50.1% - Industry AVG
W.A.G PAYMENT SOLUTIONS PLC financials
W.A.G Payment Solutions Plc's latest turnover from December 2023 is £1.8 billion and the company has net assets of £218.5 million. According to their latest financial statements, W.A.G Payment Solutions Plc has 1,786 employees and maintains cash reserves of £77 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 1,778,777,579 | 2,061,321,264 | 1,390,641,210 | 1,058,506,378 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,560,249,595 | 1,895,199,756 | 1,261,273,971 | 949,858,917 |
| Gross Profit | 218,527,984 | 166,121,508 | 129,367,238 | 108,647,461 |
| Admin Expenses | 242,116,876 | 137,625,555 | 108,196,333 | 77,233,251 |
| Operating Profit | -23,588,892 | 28,495,953 | 21,170,905 | 31,414,210 |
| Interest Payable | 21,972,911 | 7,661,241 | 7,555,124 | 7,170,736 |
| Interest Receivable | 12,507,027 | 4,134,389 | 1,887,302 | 119,118 |
| Pre-Tax Profit | -33,484,113 | 24,350,248 | 14,926,924 | 24,362,592 |
| Tax | -3,612,744 | -8,947,689 | -6,774,521 | -4,972,544 |
| Profit After Tax | -37,096,857 | 15,402,559 | 8,152,403 | 19,390,048 |
| Dividends Paid | 120,964 | 0 | 1,672,721 | 54,913 |
| Retained Profit | -38,997,359 | 15,402,559 | 6,479,682 | 19,335,136 |
| Employee Costs | 82,454,212 | 58,501,175 | 47,026,274 | 34,980,992 |
| Number Of Employees | 1,786 | 1,223 | 1,016 | 892 |
| EBITDA* | 73,686,855 | 52,016,712 | 37,587,226 | 45,048,576 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 77,904,421 | 46,275,567 | 66,521,923 | 54,727,549 |
| Intangible Assets | 472,467,842 | 233,415,441 | 163,430,768 | 144,769,790 |
| Investments & Other | 9,982,962 | 10,638,872 | 10,958,012 | 217,960 |
| Debtors (Due After 1 year) | 12,274,469 | 27,637,740 | 9,671,369 | 9,674,748 |
| Total Fixed Assets | 542,225,061 | 317,967,621 | 220,281,321 | 189,822,590 |
| Stock & work in progress | 12,695,289 | 17,661,241 | 8,073,836 | 4,468,192 |
| Trade Debtors | 240,523,895 | 209,581,339 | 172,685,647 | 139,384,979 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 97,616,492 | 121,128,035 | 19,869,054 | 19,989,862 |
| Cash | 76,959,706 | 127,080,686 | 189,375,686 | 99,776,125 |
| misc current assets | 2,917,625 | 3,351,902 | 2,275,915 | 444,369 |
| total current assets | 432,591,362 | 478,803,203 | 457,980,063 | 305,452,395 |
| total assets | 974,816,423 | 796,770,824 | 678,261,384 | 495,274,985 |
| Bank overdraft | 96,513,332 | 19,047,785 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 264,192,861 | 293,424,145 | 220,097,998 | 200,322,717 |
| Group/Directors Accounts | 0 | 8,045,087 | 0 | 0 |
| other short term finances | 160,149 | 0 | 16,262,566 | 36,608,093 |
| hp & lease commitments | 4,181,787 | 3,409,348 | 2,197,347 | 1,865,337 |
| other current liabilities | 84,465,455 | 51,934,023 | 50,473,092 | 62,977,948 |
| total current liabilities | 449,513,587 | 375,860,388 | 289,031,004 | 301,774,098 |
| loans | 530,264,927 | 105,554,878 | 253,795,724 | 234,537,465 |
| hp & lease commitments | 14,836,868 | 8,277,482 | 5,046,042 | 6,044,605 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 10,542,635 | 31,542,344 | 17,133,564 | 18,816,423 |
| provisions | 51,455,830 | 0 | 9,284,446 | 6,518,542 |
| total long term liabilities | 301,403,015 | 145,374,706 | 148,673,650 | 139,344,428 |
| total liabilities | 750,916,602 | 521,235,094 | 437,704,654 | 441,118,526 |
| net assets | 218,464,094 | 271,807,816 | 233,047,225 | 25,335,812 |
| total shareholders funds | 218,464,094 | 271,807,816 | 233,047,225 | 25,335,811 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -23,588,892 | 28,495,953 | 21,170,905 | 31,414,210 |
| Depreciation | 7,539,825 | 4,168,335 | 3,488,215 | 3,492,439 |
| Amortisation | 89,735,922 | 19,352,424 | 12,928,106 | 10,141,927 |
| Tax | -3,612,744 | -8,947,689 | -6,774,521 | -4,972,544 |
| Stock | -4,965,952 | 9,587,405 | 3,605,644 | 4,468,192 |
| Debtors | -7,932,259 | 156,121,044 | 33,176,481 | 169,049,589 |
| Creditors | -29,231,283 | 73,326,147 | 19,775,281 | 200,322,717 |
| Accruals and Deferred Income | 32,531,432 | 1,460,931 | -12,504,856 | 62,977,948 |
| Deferred Taxes & Provisions | 51,455,830 | -9,284,446 | 2,765,904 | 6,518,542 |
| Cash flow from operations | 137,728,301 | -57,136,794 | 4,066,909 | 136,377,458 |
| Investing Activities | ||||
| capital expenditure | 0 | |||
| Change in Investments | -655,910 | -319,140 | 10,740,052 | 217,960 |
| cash flow from investments | 319,140 | |||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -8,045,087 | 8,045,087 | 0 | 0 |
| Other Short Term Loans | 160,149 | -16,262,566 | -20,345,527 | 36,608,093 |
| Long term loans | 424,710,049 | -148,240,846 | 19,258,259 | 234,537,465 |
| Hire Purchase and Lease Commitments | 7,331,825 | 4,443,441 | -666,553 | 7,909,942 |
| other long term liabilities | -20,999,709 | 14,408,780 | -1,682,859 | 18,816,423 |
| share issue | ||||
| interest | -9,465,884 | -3,526,852 | -5,667,822 | -7,051,618 |
| cash flow from financing | 379,344,980 | -117,774,924 | 192,127,229 | 296,820,980 |
| cash and cash equivalents | ||||
| cash | -50,120,980 | -62,295,000 | 89,599,561 | 99,776,125 |
| overdraft | 77,465,547 | 19,047,785 | 0 | 0 |
| change in cash | -127,586,527 | -81,342,785 | 89,599,561 | 99,776,125 |
w.a.g payment solutions plc Credit Report and Business Information
W.a.g Payment Solutions Plc Competitor Analysis
Perform a competitor analysis for w.a.g payment solutions plc by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in W1S area or any other competitors across 12 key performance metrics.
w.a.g payment solutions plc Ownership
W.A.G PAYMENT SOLUTIONS PLC group structure
W.A.G Payment Solutions Plc has no subsidiary companies.
Ultimate parent company
W.A.G PAYMENT SOLUTIONS PLC
13544823
w.a.g payment solutions plc directors
W.A.G Payment Solutions Plc currently has 10 directors. The longest serving directors include Mr Martin Vohanka (Aug 2021) and Ms Sharon Baylay-Bell (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Vohanka | United Kingdom | 49 years | Aug 2021 | - | Director |
| Ms Sharon Baylay-Bell | England | 56 years | Sep 2021 | - | Director |
| Mr Joseph Seigler | United Kingdom | 47 years | Sep 2021 | - | Director |
| Mr Joseph Seigler Iii | England | 47 years | Sep 2021 | - | Director |
| Ms Mirjana Blume | England | 49 years | Sep 2021 | - | Director |
| Mr Paul Manduca | 73 years | Sep 2021 | - | Director | |
| Mr Oskar Zahn | England | 60 years | May 2023 | - | Director |
| Mr Stephen Dryden | 56 years | Jun 2023 | - | Director | |
| Ms Sophie Krishnan | 48 years | Mar 2024 | - | Director | |
| Mr Chin Li Ying | Wales | 45 years | Mar 2024 | - | Director |
P&L
December 2023turnover
1.8b
-14%
operating profit
-23.6m
-183%
gross margin
12.3%
+52.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
218.5m
-0.2%
total assets
974.8m
+0.22%
cash
77m
-0.39%
net assets
Total assets minus all liabilities
Similar Companies
w.a.g payment solutions plc company details
company number
13544823
Type
Public limited with Share Capital
industry
63990 - Other information service activities n.e.c.
70100 - Activities of head offices
52290 - Other transportation support activities
incorporation date
August 2021
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
third floor (east), albemarle house, london, W1S 4HA
Bank
-
Legal Advisor
-
w.a.g payment solutions plc 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 w.a.g payment solutions plc. Currently there are 1 open charges and 1 have been satisfied in the past.
w.a.g payment solutions plc 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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w.a.g payment solutions plc Companies House Filings - See Documents
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