clear2pay scotland limited
clear2pay scotland limited Company Information
Company Number
SC157659
Website
fisglobal.comRegistered Address
19 rose street, edinburgh, EH2 2PR
Industry
Business and domestic software development
Telephone
01383720118
Next Accounts Due
April 2024
Group Structure
View All
Shareholders
clear2pay bv 100%
clear2pay scotland limited Estimated Valuation
The estimated valuation range for clear2pay scotland limited, derived from financial data as of December 2020 and the most recent industry multiples, is between £0 to £3.8m
clear2pay scotland limited Estimated Valuation
The estimated valuation range for clear2pay scotland limited, derived from financial data as of December 2020 and the most recent industry multiples, is between £0 to £3.8m
clear2pay scotland limited Estimated Valuation
The estimated valuation range for clear2pay scotland limited, derived from financial data as of December 2020 and the most recent industry multiples, is between £0 to £3.8m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Clear2pay Scotland Limited Overview
Clear2pay Scotland Limited is a dissolved company that was located in edinburgh, EH2 2PR with a Companies House number of SC157659. It operated in the business and domestic software development sector, SIC Code 62012. Founded in April 1995, it's largest shareholder was clear2pay bv with a 100% stake. The last turnover for Clear2pay Scotland Limited was estimated at £4.3m.
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Clear2pay Scotland Limited Health Check
Pomanda's financial health check has awarded Clear2Pay Scotland Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
4 Weak
Size
annual sales of £4.3m, make it larger than the average company (£2.5m)
£4.3m - Clear2pay Scotland Limited
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (7.7%)
-3% - Clear2pay Scotland Limited
7.7% - Industry AVG
Production
with a gross margin of 73.3%, this company has a comparable cost of product (73.3%)
73.3% - Clear2pay Scotland Limited
73.3% - Industry AVG
Profitability
an operating margin of -21.3% make it less profitable than the average company (4.5%)
-21.3% - Clear2pay Scotland Limited
4.5% - Industry AVG
Employees
with 37 employees, this is above the industry average (30)
37 - Clear2pay Scotland Limited
30 - Industry AVG
Pay Structure
on an average salary of £67k, the company has an equivalent pay structure (£60.4k)
£67k - Clear2pay Scotland Limited
£60.4k - Industry AVG
Efficiency
resulting in sales per employee of £117.6k, this is equally as efficient (£105.1k)
£117.6k - Clear2pay Scotland Limited
£105.1k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is near the average (63 days)
59 days - Clear2pay Scotland Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (44 days)
0 days - Clear2pay Scotland Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Clear2pay Scotland Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Clear2pay Scotland Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 125.1%, this is a higher level of debt than the average (64.9%)
125.1% - Clear2pay Scotland Limited
64.9% - Industry AVG
clear2pay scotland limited Credit Report and Business Information
Clear2pay Scotland Limited Competitor Analysis
Perform a competitor analysis for clear2pay scotland limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
clear2pay scotland limited Ownership
CLEAR2PAY SCOTLAND LIMITED group structure
Clear2Pay Scotland Limited has no subsidiary companies.
Ultimate parent company
FIDELITY NATIONAL INFORMATION SERVICES.
#0066636
AST SOL GROUP HOLDINGS LP
#0064099
2 parents
CLEAR2PAY SCOTLAND LIMITED
SC157659
clear2pay scotland limited directors
Clear2Pay Scotland Limited currently has 4 directors. The longest serving directors include Mr Martin Boyd (Apr 2017) and Ms Ann Vasileff (Feb 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Boyd | 61 years | Apr 2017 | - | Director | |
| Ms Ann Vasileff | United Kingdom | 56 years | Feb 2018 | - | Director |
| Ms Ann Vasileff | United Kingdom | 56 years | Feb 2018 | - | Director |
| Mr Charles Keller | United Kingdom | 53 years | Aug 2021 | - | Director |
CLEAR2PAY SCOTLAND LIMITED financials
Clear2Pay Scotland Limited's latest turnover from December 2020 is £4.3 million and the company has net assets of -£972.9 thousand. According to their latest financial statements, Clear2Pay Scotland Limited has 37 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,349,779 | 4,887,832 | 4,552,184 | 4,806,679 | 6,541,976 | 4,137,705 | 3,152,527 | 2,789,389 | 3,524,441 | 2,241,015 | 2,675,138 |
| Other Income Or Grants | 0 | 0 | |||||||||
| Cost Of Sales | 1,707,139 | 1,449,331 | |||||||||
| Gross Profit | 533,876 | 1,225,807 | |||||||||
| Admin Expenses | 934,417 | 885,883 | |||||||||
| Operating Profit | -925,606 | 273,828 | -83,828 | 1,420,729 | 1,783,292 | 2,095,535 | 307,603 | 325,652 | -431,790 | -400,541 | 339,924 |
| Interest Payable | 70,417 | 21,860 | 18,347 | 104,414 | 98,626 | 113,672 | 124,711 | 140,213 | 136,953 | 37,732 | 717,835 |
| Interest Receivable | 49,524 | 41,229 | 0 | 0 | 0 | 0 | 10,448 | 10,638 | 267 | 141 | 1,557 |
| Pre-Tax Profit | -946,499 | 293,197 | -95,385 | 1,040,555 | 2,112,202 | 2,066,433 | 237,297 | 156,971 | -591,449 | -1,485,101 | -597,920 |
| Tax | 5,301 | -56,021 | -6,737 | 7,358 | -221,211 | 251,965 | 1,853 | -1,853 | 0 | 0 | 27,980 |
| Profit After Tax | -941,198 | 237,176 | -102,122 | 1,047,913 | 1,890,991 | 2,318,398 | 239,150 | 155,118 | -591,449 | -1,485,101 | -569,940 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -941,198 | 237,176 | -102,122 | 1,047,913 | 1,890,991 | 2,318,398 | 239,150 | 155,118 | -591,449 | -1,485,101 | -569,940 |
| Employee Costs | 2,478,453 | 2,579,098 | 2,088,982 | 1,832,599 | 1,742,806 | 1,370,441 | 1,437,775 | 1,308,784 | 2,143,796 | 1,692,027 | 1,512,558 |
| Number Of Employees | 37 | 34 | 37 | 42 | 40 | 37 | 21 | 21 | 29 | 32 | 31 |
| EBITDA* | -584,188 | 564,562 | 147,810 | 1,602,664 | 1,880,964 | 2,160,707 | 327,538 | 349,553 | -396,723 | -380,967 | 356,179 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 27,964 | 45,940 | 55,718 | 111,513 | 80,466 | 47,122 | 11,294 | 29,546 | 66,438 | 14,458 |
| Intangible Assets | 0 | 1,010,036 | 960,408 | 838,787 | 560,241 | 270,187 | 110,354 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 27,867 | 101,281 | 38,111 | 30,754 | 251,965 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 626,071 | 0 | 0 |
| Total Fixed Assets | 0 | 1,065,867 | 1,107,629 | 932,616 | 702,508 | 602,618 | 157,476 | 11,294 | 655,617 | 66,438 | 14,458 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 705,080 | 584,811 | 494,371 | 532,605 | 608,965 | 79,077 | 340,189 | 315,831 | 1,019,339 | 699,028 | 1,109,598 |
| Group Debtors | 1,995,454 | 769,807 | 148,958 | 1,407,087 | 4,070,361 | 2,603,450 | 958,878 | 1,218,274 | 0 | 0 | 0 |
| Misc Debtors | 275,718 | 199,012 | 535,679 | 77,143 | 163,830 | 186,020 | 230,773 | 71,790 | 268,926 | 80,334 | 132,435 |
| Cash | 0 | 0 | 20,630 | 201,447 | 30,800 | 76,107 | 448,775 | 323,061 | 117,444 | 235,668 | 158,464 |
| misc current assets | 897,412 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,873,664 | 1,553,630 | 1,199,638 | 2,218,282 | 4,873,956 | 2,944,654 | 1,978,615 | 1,928,956 | 1,405,709 | 1,015,030 | 1,400,497 |
| total assets | 3,873,664 | 2,619,497 | 2,307,267 | 3,150,898 | 5,576,464 | 3,547,272 | 2,136,091 | 1,940,250 | 2,061,326 | 1,081,468 | 1,414,955 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 548 | 799 | 14,682 | 713 | 37,288 | 1,027,447 | 29,891 | 28,246 | 50,035 | 137,005 | 164,670 |
| Group/Directors Accounts | 4,066,597 | 1,739,608 | 1,361,688 | 2,340,672 | 221,218 | 0 | 1,144,084 | 1,229,266 | 1,360,640 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 779,424 | 910,797 | 1,199,780 | 976,274 | 907,142 | 0 | 760,689 | 720,461 | 843,492 | 1,091,423 | 904,448 |
| total current liabilities | 4,846,569 | 2,651,204 | 2,576,150 | 3,317,659 | 1,165,648 | 1,027,447 | 1,934,664 | 1,977,973 | 2,254,167 | 1,228,428 | 1,069,118 |
| loans | 0 | 0 | 0 | 0 | 5,625,490 | 5,625,490 | 5,625,490 | 5,625,490 | 5,625,490 | 5,625,489 | 4,651,485 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 5,625,490 | 5,625,490 | 5,625,490 | 5,625,490 | 5,625,490 | 5,625,489 | 4,651,485 |
| total liabilities | 4,846,569 | 2,651,204 | 2,576,150 | 3,317,659 | 6,791,138 | 6,652,937 | 7,560,154 | 7,603,463 | 7,879,657 | 6,853,917 | 5,720,603 |
| net assets | -972,905 | -31,707 | -268,883 | -166,761 | -1,214,674 | -3,105,665 | -5,424,063 | -5,663,213 | -5,818,331 | -5,772,449 | -4,305,648 |
| total shareholders funds | -972,905 | -31,707 | -268,883 | -166,761 | -1,214,674 | -3,105,665 | -5,424,063 | -5,663,213 | -5,818,331 | -5,772,449 | -4,305,648 |
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -925,606 | 273,828 | -83,828 | 1,420,729 | 1,783,292 | 2,095,535 | 307,603 | 325,652 | -431,790 | -400,541 | 339,924 |
| Depreciation | 18,374 | 21,155 | 31,382 | 58,245 | 44,150 | 44,150 | 19,935 | 23,901 | 35,067 | 19,574 | 6,851 |
| Amortisation | 323,044 | 269,579 | 200,256 | 123,690 | 53,522 | 21,022 | 0 | 0 | 0 | 0 | 9,404 |
| Tax | 5,301 | -56,021 | -6,737 | 7,358 | -221,211 | 251,965 | 1,853 | -1,853 | 0 | 0 | 27,980 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,422,622 | 374,622 | -837,827 | -2,826,321 | 1,974,609 | 1,338,707 | -76,055 | -308,441 | 1,134,974 | -462,671 | 1,242,033 |
| Creditors | -251 | -13,883 | 13,969 | -36,575 | -990,159 | 997,556 | 1,645 | -21,789 | -86,970 | -27,665 | 164,670 |
| Accruals and Deferred Income | -131,373 | -288,983 | 223,506 | 69,132 | 907,142 | -760,689 | 40,228 | -123,031 | -247,931 | 186,975 | 904,448 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -2,133,133 | -168,947 | 1,216,375 | 4,468,900 | -397,873 | 1,310,832 | 447,319 | 511,321 | -1,866,598 | 241,014 | 211,244 |
| Investing Activities | |||||||||||
| capital expenditure | -10,123 | ||||||||||
| Change in Investments | -27,867 | -73,414 | 63,170 | 7,357 | -221,211 | 251,965 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -10,123 | ||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,326,989 | 377,920 | -978,984 | 2,119,454 | 221,218 | -1,144,084 | -85,182 | -131,374 | 1,360,640 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -5,625,490 | 0 | 0 | 0 | 0 | 1 | 974,004 | 4,651,485 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -20,893 | 19,369 | -18,347 | -104,414 | -98,626 | -113,672 | -114,263 | -129,575 | -136,686 | -37,591 | -716,278 |
| cash flow from financing | 2,306,096 | 397,289 | -997,331 | -3,610,450 | 122,592 | -1,257,756 | -199,445 | -260,949 | 1,769,522 | 954,713 | 199,499 |
| cash and cash equivalents | |||||||||||
| cash | 0 | -20,630 | -180,817 | 170,647 | -45,307 | -372,668 | 125,714 | 205,617 | -118,224 | 77,204 | 158,464 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -20,630 | -180,817 | 170,647 | -45,307 | -372,668 | 125,714 | 205,617 | -118,224 | 77,204 | 158,464 |
P&L
December 2020turnover
4.3m
-11%
operating profit
-925.6k
-438%
gross margin
73.4%
-0.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
-972.9k
+29.68%
total assets
3.9m
+0.48%
cash
0
0%
net assets
Total assets minus all liabilities
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clear2pay scotland limited company details
company number
SC157659
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
April 1995
age
29
accounts
Full Accounts
ultimate parent company
previous names
level four software limited (April 2012)
incorporated
UK
address
19 rose street, edinburgh, EH2 2PR
last accounts submitted
December 2020
clear2pay scotland 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 4 charges/mortgages relating to clear2pay scotland limited. Currently there are 0 open charges and 4 have been satisfied in the past.
clear2pay scotland limited Companies House Filings - See Documents
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