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First Pay Solutions Limited

10641487

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)

Details

36 GYLLYNGDUNE GARDENS, ILFORD, IG3 9HJ
Incorporated 27/02/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Ms Punam Talwar

director · Since 16/03/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 52

Persons with Significant Control

Ms Punam Talwar

75–100% shares
75–100% votes
Appoint directors

British · England · Age 52

36, Gyllyngdune Gardens, Ilford, IG3 9HJ

Notified 01/04/2022

Former PSCs

Mr Ajay Talwar

Ceased 17/03/2022

CompanyRankvs 134853+ SIC 82990 peers
34

Financial strength14th percentile among SIC peers · 4/25
Employees40th percentile among SIC peers · 6/15
LiquidityNo balance sheet data · 0/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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134853First Pay Solutions Limited
34
How is this score calculated?
Financial strength4/25 pts

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

Employees6/15 pts

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

Liquidity0/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity9/15 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 28/02/2025

Net Worth

-£2k

Balance sheet strength

Cash

£50

Cash in the bank

Net Current Assets

-£2k

Working capital

Current Assets

£50

Current Liabilities

—

Debtors

£1k

1avg. employees
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
2025—-£4k
20240.10-£13k
20230.07-£1k
20220.01+£2k
20210.08+£2k
20200.36-£23k

Derived from filed accounts. Not audited figures.