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Lateral Payment Solutions Limited

04306951

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

THE OLD CHURCH, LONDON, SW19 1EX
Incorporated 18/10/2001

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64999
Other financial service activities

Officers

Mrs Mandy Jane Froman

director · Since 18/10/2001

CHARTERED ACCOUNTANT

SOUTH AFRICAN · ENGLAND · Age 53

Also on 1 other board

Mr Ian James Vidamour

director · Since 10/04/2003

SECURITY

BRITISH · UNITED KINGDOM · Age 53

Also on 1 other board

Mr Thirlok Shankar Shanmugam

director · Since 01/07/2017

HEAD - IT & SECURITY

INDIAN · ENGLAND · Age 49

Persons with Significant Control

Mrs Mandy Froman

Significant control

South African · Australia · Age 53

The Old Church, Quicks Road, London, SW19 1EX

Notified 18/10/2016

Mr Ian Vidamour

Significant control

British · England · Age 53

The Old Church, Quicks Road, London, SW19 1EX

Notified 18/10/2016

CompanyRankvs 224+ SIC 64999 peers
88

Financial strength96th percentile among SIC peers · 24/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 14.38× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength24/25 pts

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

Employees14/15 pts

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

Liquidity20/20 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.

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

Key FinancialsYear ending 31/10/2024

Net Worth

£1.5M

Balance sheet strength

Cash

£941k

Cash in the bank

Net Current Assets

£1.5M

Working capital

Current Assets

£1.6M

Current Liabilities

£113k

Debtors

£686k

7avg. employees-1

Balance Sheet

Intangible assets£4k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
202414.38+£54k
2023105.87+£11k
202214.75+£320k
20211.96+£420k
20203.31+£126k
20193.61+£45k
20183.59—

Derived from filed accounts. Not audited figures.