Flywire Payments Limited
07677601
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 04/05/2016
GENERAL COUNSEL & CCO
AMERICAN · UNITED STATES · Age 61
Also on 5 other boards
secretary · Since 02/09/2024
Persons with Significant Control
Flywire Corporation
141, Tremont Street, Boston, 02111
Reg: 4714815 · Delaware Division Of Corporations · Corporate
Notified 26/05/2021
CompanyRankvs 433+ SIC 66190 peers72
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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.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d
Key FinancialsYear ending 31/12/2020
Turnover
£17.0M
Annual revenue
Net Worth
£2.7M
Balance sheet strength
Cash
£3.9M
Cash in the bank
Net Current Assets
£2.3M
Working capital
Current Assets
£26.9M
Current Liabilities
£24.5M
Fixed Assets
£1.2M
Debtors
£22.9M
Cost of Sales
£11.1M
Admin Expenses
£5.3M
Operating Profit
£992k
Profit After Tax
£724k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2020 | 1.09 | +£0 |
| 2019 | 1.07 | +£1.0M |
| 2018 | 1.00 | — |
Derived from filed accounts. Not audited figures.