Payrnet Limited
09883437
Notable Risks
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 15/03/2024
Persons with Significant Control
Embedded Finance Limited
68, Upper Thames Street, London, London, EC4V 3BJ
Reg: 14698459 · England And Wales · Limited Liability Company
Notified 09/03/2023
Former PSCs
Mr Nigel George Swinburne Verdon
Ceased 24/05/2019
Mr David Cecil John Knevitt
Ceased 24/05/2019
Railsbank Technology Limited
Ceased 09/03/2023
D Squared Capital Limited
Ceased 09/03/2023
Charges3 outstanding
BARCLAYS BANK PLC
NATIONAL WESTMINSTER BANK PLC
MARS GROWTH CAPITAL PRE UNICORN FUND, L.P
MASTERCARD INTERNATIONAL INCORPORATED
CompanyRankvs 4188+ SIC 64999 peers53
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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
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 co
Key FinancialsYear ending 31/12/2024
Turnover
£17.1M
Annual revenue
Net Worth
£9.1M
Balance sheet strength
Cash
£8.0M
Cash in the bank
Profit Before Tax
-£3.9M
Bottom line earnings
Net Current Assets
£12.7M
Working capital
Current Assets
£327.9M
Current Liabilities
£5.7M
Debtors
£15.7M
Cost of Sales
£7.1M
Gross Profit
£10.0M
Admin Expenses
£10.6M
Operating Profit
-£4.5M
Profit After Tax
-£3.5M
Tax at Year End(2023)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 57.67 | -£5.6M |
| 2023 | 24.83 | — |
Derived from filed accounts. Not audited figures.