Payment Assist Ltd
08752986
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 6 outstanding charges (-10)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 07/11/2025
Due 21/11/2026
Industry
Officers
director · Since 30/03/2023
GROUP FINANCE DIRECTOR
BRITISH · ISLE OF MAN · Age 42
Also on 2 other boards
director · Since 08/04/2024
HEAD OF BROKER DIVISION
BRITISH · ENGLAND · Age 55
Also on 2 other boards
secretary · Since 19/12/2024
Persons with Significant Control
Former PSCs
Mr Colin James Ellard
Ceased 01/06/2022
Mr Neil Barry Jeffery
Ceased 01/06/2022
Manx Ventures Limited
Ceased 01/06/2022
Charges6 outstanding
CONISTER BANK LIMITED
CONISTER BANK LIMITED
CONISTER BANK LIMITED
CONISTER BANK LIMITED
CONISTER BANK LIMITED
CONISTER BANK LIMITED
CompanyRankvs 5049+ SIC 62090 peers59
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
a fall in income during this period. Whilst the pandemic has had an impact on the company's operations it is not anticipated that it will affect the company's long term ability to continue as a going concern. To mitigate costs the company has taken advantage of the Government Job Retention Scheme and reduced overheads. Current indications are that the company will meet its targets for the year end
Key FinancialsYear ending 31/12/2021
Net Worth
£570k
Balance sheet strength
Cash
£428k
Cash in the bank
Net Current Assets
£1.3M
Working capital
Current Assets
£21.7M
Current Liabilities
£20.4M
Fixed Assets
£156k
Debtors
£21.3M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2021 | 1.06 |
Derived from filed accounts. Not audited figures.