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Fair Pay Services Limited

11754947

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

11754947 - COMPANIES HOUSE DEFAULT ADDRESS, CARDIFF, CF14 8LH
Incorporated 08/01/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Liam Francis Mulligan

director · Since 23/01/2025

DIRECTOR

BRITISH · ENGLAND · Age 43

Also on 5 other boards

Persons with Significant Control

Liam Mulligan Limited

75–100% shares
75–100% votes

Clarendon, Green Lane, Longridge, Preston, England, Green Lane, Preston, PR3 3RA

Reg: 12384102 · England And Wales Company Register · Private Limited Company

Notified 18/02/2024

Former PSCs

Mr Adam James Holby

Ceased 23/01/2025

CompanyRankvs 49835+ SIC 82990 peers
57

Financial strength91th percentile among SIC peers · 23/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.95× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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49835Fair Pay Services Limited
62
How is this score calculated?
Financial strength23/25 pts

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

Employees15/15 pts

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

Liquidity6/20 pts

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

Longevity8/15 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.

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 29/06/2024

Turnover

£32.4M

Annual revenue

Net Worth

£316k

Balance sheet strength

Cash

£1.7M

Cash in the bank

Profit Before Tax

£196k

Bottom line earnings

Net Current Assets

-£237k

Working capital

Current Assets

£4.7M

Current Liabilities

£5.0M

Fixed Assets

£562k

Debtors

£3.0M

Cost of Sales

£31.1M

Gross Profit

£1.3M

Admin Expenses

£1.0M

Operating Profit

£306k

Profit After Tax

£144k

2301avg. employees+1460

Tax at Year End

Corp tax£110k
Dividends paid£90k

Director Loans

Company owes directors£13k

People Costs

Wages & salaries£25.8M
NI contributions£2.6M

Balance Sheet

Intangible assets£523k
Assets less current liabilities£325k
Prepared with Sage Accounts Production 24.0 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20240.95+£305k
20230.94—

Derived from filed accounts. Not audited figures.