payescape ltd
payescape ltd Company Information
Company Number
NI625726
Website
www.payescape.comRegistered Address
18-20 church street, ballymoney, BT53 6DL
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
02827641060
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
steven ira sarowitz 99.7%
john borland 0.2%
View Allpayescape ltd Estimated Valuation
Pomanda estimates the enterprise value of PAYESCAPE LTD at £6.6m based on a Turnover of £6.7m and 0.99x industry multiple (adjusted for size and gross margin).
payescape ltd Estimated Valuation
Pomanda estimates the enterprise value of PAYESCAPE LTD at £0 based on an EBITDA of £-980.4k and a 4.08x industry multiple (adjusted for size and gross margin).
payescape ltd Estimated Valuation
Pomanda estimates the enterprise value of PAYESCAPE LTD at £1.6m based on Net Assets of £850.9k and 1.91x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Payescape Ltd AI Business Plan
In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.
Payescape Ltd Overview
Payescape Ltd is a live company located in ballymoney, BT53 6DL with a Companies House number of NI625726. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in July 2014, it's largest shareholder is steven ira sarowitz with a 99.7% stake. Payescape Ltd is a established, mid sized company, Pomanda has estimated its turnover at £6.7m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Payescape Ltd Health Check
Pomanda's financial health check has awarded Payescape Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £6.7m, make it larger than the average company (£4.1m)
- Payescape Ltd
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4%)
- Payescape Ltd
4% - Industry AVG
Production
with a gross margin of 22.2%, this company has a higher cost of product (62.5%)
- Payescape Ltd
62.5% - Industry AVG
Profitability
an operating margin of -15.4% make it less profitable than the average company (11.6%)
- Payescape Ltd
11.6% - Industry AVG
Employees
with 48 employees, this is above the industry average (13)
48 - Payescape Ltd
13 - Industry AVG
Pay Structure
on an average salary of £72.8k, the company has an equivalent pay structure (£72.8k)
- Payescape Ltd
£72.8k - Industry AVG
Efficiency
resulting in sales per employee of £140k, this is less efficient (£209.8k)
- Payescape Ltd
£209.8k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is later than average (30 days)
- Payescape Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 1581 days, this is slower than average (37 days)
- Payescape Ltd
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Payescape Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (39 weeks)
52 weeks - Payescape Ltd
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.7%, this is a higher level of debt than the average (56.7%)
96.7% - Payescape Ltd
56.7% - Industry AVG
payescape ltd Credit Report and Business Information
Payescape Ltd Competitor Analysis
Perform a competitor analysis for payescape ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
payescape ltd Ownership
PAYESCAPE LTD group structure
Payescape Ltd has no subsidiary companies.
Ultimate parent company
PAYESCAPE LTD
NI625726
payescape ltd directors
Payescape Ltd currently has 2 directors. The longest serving directors include Mr Steven Sarowitz (Jul 2014) and Mr John Borland (Jul 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Sarowitz | Northern Ireland | 58 years | Jul 2014 | - | Director |
| Mr John Borland | Northern Ireland | 59 years | Jul 2014 | - | Director |
PAYESCAPE LTD financials
Payescape Ltd's latest turnover from March 2023 is estimated at £6.7 million and the company has net assets of £850.9 thousand. According to their latest financial statements, Payescape Ltd has 48 employees and maintains cash reserves of £22.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 48 | 47 | 45 | 38 | 33 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,221,808 | 1,255,493 | 1,195,118 | 335,037 | 21,804 | 20,725 | 21,659 | 20,016 | 18,824 |
| Intangible Assets | 32,163 | 32,290 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 178,020 | 178,020 | 178,020 | 178,020 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,431,991 | 1,465,803 | 1,373,138 | 513,057 | 21,804 | 20,725 | 21,659 | 20,016 | 18,824 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,060,762 | 982,779 | 847,015 | 770,137 | 201,122 | 131,089 | 64,523 | 41,612 | 33,071 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 22,923,639 | 10,202,618 | 10,420,187 | 10,264,832 | 4,691,512 | 1,151,995 | 470,403 | 24,221 | 19,144 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 23,984,401 | 11,185,397 | 11,267,202 | 11,034,969 | 4,892,634 | 1,283,084 | 534,926 | 65,833 | 52,215 |
| total assets | 25,416,392 | 12,651,200 | 12,640,340 | 11,548,026 | 4,914,438 | 1,303,809 | 556,585 | 85,849 | 71,039 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 22,658,357 | 10,164,690 | 10,151,304 | 10,077,423 | 4,575,306 | 1,178,941 | 440,030 | 35,745 | 23,625 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 22,658,357 | 10,164,690 | 10,151,304 | 10,077,423 | 4,575,306 | 1,178,941 | 440,030 | 35,745 | 23,625 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 1,907,143 | 2,307,143 | 2,007,239 | 2,520,224 | 994,269 | 1,417,348 | 1,048,029 | 450,029 | 141,938 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,907,143 | 2,307,143 | 2,007,239 | 2,520,224 | 994,269 | 1,417,348 | 1,048,029 | 450,029 | 141,938 |
| total liabilities | 24,565,500 | 12,471,833 | 12,158,543 | 12,597,647 | 5,569,575 | 2,596,289 | 1,488,059 | 485,774 | 165,563 |
| net assets | 850,892 | 179,367 | 481,797 | -1,049,621 | -655,137 | -1,292,480 | -931,474 | -399,925 | -94,524 |
| total shareholders funds | 850,892 | 179,367 | 481,797 | -1,049,621 | -655,137 | -1,292,480 | -931,474 | -399,925 | -94,524 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 48,472 | 51,559 | 47,949 | 12,005 | 6,678 | 6,909 | 7,220 | 6,671 | 5,116 |
| Amortisation | 3,574 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 77,983 | 135,764 | 76,878 | 569,015 | 70,033 | 66,566 | 22,911 | 8,541 | 33,071 |
| Creditors | 12,493,667 | 13,386 | 73,881 | 5,502,117 | 3,396,365 | 738,911 | 404,285 | 12,120 | 23,625 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 178,020 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -400,000 | 299,904 | -512,985 | 1,525,955 | -423,079 | 369,319 | 598,000 | 308,091 | 141,938 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 12,721,021 | -217,569 | 155,355 | 5,573,320 | 3,539,517 | 681,592 | 446,182 | 5,077 | 19,144 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 12,721,021 | -217,569 | 155,355 | 5,573,320 | 3,539,517 | 681,592 | 446,182 | 5,077 | 19,144 |
P&L
March 2023turnover
6.7m
+38%
operating profit
-1m
0%
gross margin
22.2%
-9.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
850.9k
+3.74%
total assets
25.4m
+1.01%
cash
22.9m
+1.25%
net assets
Total assets minus all liabilities
payescape ltd company details
company number
NI625726
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
July 2014
age
10
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
18-20 church street, ballymoney, BT53 6DL
last accounts submitted
March 2023
payescape 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 payescape ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
payescape ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
