Mi-Pay Limited
04937836
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 21/11/2011
ACCOUNTANT
BRITISH · ENGLAND · Age 51
Also on 21 other boards
director · Since 25/03/2020
CEO, ALPHACOMM B.V.
DUTCH · NETHERLANDS · Age 56
Also on 1 other board
Persons with Significant Control
Hubertus Franciscus Sparnaaij
Dutch · Netherlands · Age 56
30, Crown Place, London, EC2A 4ES
Notified 27/01/2020
Former PSCs
Mi-Pay Group Plc
Ceased 27/01/2020
Charges0 outstanding
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CompanyRankvs 174+ SIC 62090 peers90
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/12/2024
Net Worth
£2.0M
Balance sheet strength
Cash
£1.3M
Cash in the bank
Net Current Assets
£2.0M
Working capital
Current Assets
£2.8M
Current Liabilities
£805k
Fixed Assets
£86k
Debtors
£663k
Profit After Tax
£714k
Tax at Year End
People Costs(2022)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 3.44 | +£286k |
| 2023 | 2.40 | -£786k |
| 2022 | 1.63 | +£1.2M |
| 2021 | 1.35 | — |
Derived from filed accounts. Not audited figures.