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Create Pay Limited

14099583

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)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

57A BROADWAY, LEIGH ON SEA, SS9 1PE
Incorporated 11/05/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Stephen James Wells

director · Since 11/05/2022

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Mr Martin Cruse

director · Since 24/01/2025

DIRECTOR

BRITISH · ENGLAND · Age 44

Mr Roger Justin Bracken

director · Since 19/08/2025

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 4 other boards

Persons with Significant Control

Stephen James Wells

25–50% shares
25–50% votes

British · United Kingdom · Age 48

57a, Broadway, Leigh On Sea, SS9 1PE

Notified 11/05/2022

Topspin Holdco Limited

25–50% shares
25–50% votes

57a, Broadway, Leigh On Sea, SS9 1PE

Reg: 15460705 · Companies House · Private Limited Company

Notified 02/02/2024

Former PSCs

Mr Peter Matassa

Ceased 15/08/2022

CompanyRankvs 127911+ SIC 82990 peers
30

Financial strength1th percentile among SIC peers · 0/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.57× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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127911Create Pay Limited
36
How is this score calculated?
Financial strength0/25 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.

Longevity4/15 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

as lower-than-expected contract uptake or delayed delivery—alongside mitigating actions (e.g., cost reductions and facility drawdowns). As a result, the Directors are satisfied that the going concern basis is appropriate and that no material uncertainties exist that would cast significant doubt on the company's ability to continue for the foreseeable future. 1.3 Turnover Revenue

Key FinancialsYear ending 31/12/2024

Net Worth

-£1.7M

Balance sheet strength

Cash

£1.1M

Cash in the bank

Net Current Assets

-£1.5M

Working capital

Current Assets

£2.0M

Current Liabilities

£3.5M

Fixed Assets

£78k

Debtors

£958k

79avg. employees+57

Balance Sheet

Intangible assets£32k
Assets less current liabilities-£1.4M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.57-£1.2M
20230.44-£449k
20230.06—

Derived from filed accounts. Not audited figures.