Back to search

Paymentslake Ltd

14281961

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

DICKENS HOUSE, WITHAM, CM8 1BJ
Incorporated 08/08/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

63110
Data processing, hosting and related activities

Officers

Dr Yogesh Patel

secretary · Since 08/08/2022

Also on 2 other boards

Dr Yogesh Patel

director · Since 08/08/2022

CEO

BRITISH · UNITED KINGDOM · Age 45

Also on 2 other boards

Mr Akshay Patel

director · Since 02/07/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 41

Also on 2 other boards

Persons with Significant Control

Yogesh Patel

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 45

38 Chigwell Grange, High Road, Chigwell, IG7 6BF

Notified 08/08/2022

Mr Akshay Patel

25–50% shares
25–50% votes

British · United Kingdom · Age 41

Dickens House, Guithavon Street, Witham, CM8 1BJ

Notified 02/07/2024

CompanyRankvs 9157+ SIC 63110 peers
36

Financial strength16th percentile among SIC peers · 4/25
Employees48th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.98× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
1Syscomm Ltd.
90
2Market Location Limited
90
3Reference Point Limited
90
4Aeromark Communications Limited
90
5Navisite Europe Limited
90
6Mba Group Limited
90
7Theorem Solutions Limited
90
8The Education Company Limited
90
9Elcom Systems Limited
90
10Unilink Software Limited
90
9157Paymentslake Ltd
31
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.

Employees7/15 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/08/2024

Net Worth

-£2k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£1k

Working capital

Current Assets

£75k

Current Liabilities

£77k

1avg. employees+1

Balance Sheet

Assets less current liabilities-£1k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.98

Derived from filed accounts. Not audited figures.