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Payless Group Limited

03237853

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • 7 outstanding charges (-10)

Details

UNIT TG41-43, 1 THE GRANGE, MORDEN, SM4 5PQ
Incorporated 14/08/1996

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 21/04/2026

Due 05/05/2027

On track

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating
47250
Retail sale of beverages in specialised stores

Officers

Mr Iftikhar Ahmed

director · Since 14/08/1998

BUSINESSMAN

BRITISH · ENGLAND · Age 58

Also on 8 other boards

Parveen Ahmed

secretary · Since 15/08/1998

BRITISH · Age 57

Persons with Significant Control

Mr Iftikhar Ahmed

25–50% shares

British · England · Age 58

Unit Tg41-43, 1 The Grange, Central Road, Morden, SM4 5PQ

Notified 01/09/2016

Charges7 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 01/10/2021Registered 13/10/2021
Charge
satisfied

LLOYDS BANK PLC

Created 21/11/2019Registered 09/12/2019Satisfied 28/03/2022
charge
outstanding

LLOYDS TSB BANK PLC

Created 20/11/2012Registered 05/12/2012
charge
satisfied

LLOYDS TSB BANK PLC

Created 12/07/2011Registered 13/07/2011Satisfied 28/03/2022
charge
outstanding

LLOYDS TSB BANK PLC

Created 14/04/2008Registered 29/04/2008
charge
outstanding

LLOYDS TSB BANK PLC

Created 09/08/2007Registered 23/08/2007
charge
outstanding

LLOYDS TSB BANK PLC

Created 09/08/2007Registered 23/08/2007
charge
outstanding

LLOYDS TSB BANK PLC

Created 09/08/2007Registered 23/08/2007
charge
outstanding

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 10/03/2006Registered 11/03/2006

CompanyRankvs 1224+ SIC 47110 peers
72

Financial strength100th percentile among SIC peers · 25/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 1.89× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1224Payless Group Limited
78
How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees11/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/10/2025

Net Worth

£11.8M

Balance sheet strength

Cash

£2.2M

Cash in the bank

Net Current Assets

£6.8M

Working capital

Current Assets

£14.5M

Current Liabilities

£7.7M

Fixed Assets

£14.6M

Debtors

£12.3M

5avg. employees-2

Tax at Year End

Corp tax£33k
VAT£22k

Director Loans

Company owes directors£6.9M

Balance Sheet

Assets less current liabilities£21.4M
Signed by Mr Iftikhar Ahmed 31/07/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20251.89+£116k£439k
20241.71+£31k£286k
20231.78—£780k

Derived from filed accounts. Not audited figures.