Pax2pay Ltd
11747127
Healthy
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 23/02/2026
Due 09/03/2027
Industry
Officers
director · Since 02/01/2019
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 63
Also on 2 other boards
director · Since 05/12/2022
DIRECTOR
SWEDISH · SWEDEN · Age 62
Also on 1 other board
Persons with Significant Control
Mr Anthony Ian Barker
Swedish · Sweden · Age 64
C/O Paxport Group Ab, Box 55954, Stockholm, 10216
Notified 24/11/2023
Mr Lars Gunnar Osterberg
Swedish · Sweden · Age 55
C/O Paxport Group Ab, Box 55954, Stockholm, 10216
Notified 24/11/2023
Mr Sven Anders Steen
Swedish · Sweden · Age 55
C/O Paxport Group Ab, Box 55954, Stockholm, 10216
Notified 24/11/2023
Former PSCs
Paxport Group Uk Ltd
Ceased 24/11/2023
Pax2pay Ab
Ceased 24/11/2023
CompanyRankvs 57340+ SIC 62012 peers62
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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 co
Key FinancialsYear ending 31/12/2024
Turnover
£19.1M
Annual revenue
Net Worth
£844k
Balance sheet strength
Cash
£390k
Cash in the bank
Profit Before Tax
£2.8M
Bottom line earnings
Net Current Assets
£807k
Working capital
Current Assets
£6.0M
Current Liabilities
£5.2M
Debtors
£5.6M
Cost of Sales
£14.2M
Gross Profit
£4.9M
Admin Expenses
£2.1M
Operating Profit
£2.8M
Profit After Tax
£2.1M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.16 | +£88k |
| 2023 | 1.14 | +£229k |
| 2022 | 1.09 | -£537k |
| 2021 | 1.82 | +£1.0M |
| 2020 | 1.07 | +£230k |
| 2019 | 0.40 | — |
Derived from filed accounts. Not audited figures.