PAYMENT SOLUTIONS LTD Credit Check Report

Company Overview

Payment Solutions Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 16 January 1998, so this is a well established company. Payment Solutions Ltd has been in business for 28 years and 2 months. The accounts status is micro entity and the accounts are next due on Tuesday 31 March 2026.

Registered Address

Armstrong Building Oakwood Drive, Loughborough University Science & Enterprise Park, Loughborough, LE11 3QF

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Companies House Data

Company Name	PAYMENT SOLUTIONS LTD
Company Number	03493808
Registered Office Address	Armstrong Building Oakwood Drive
	Loughborough University Science & Enterprise Park
	LE11 3QF
Company Category	Private Limited Company
Company Status	Active
Country of Origin	United Kingdom
Incorporation Date	16/01/1998
Accounting Reference Date Day	30
Accounting Reference Date Month	6
Accounts Next Due Date	31/03/2026
Accounts Last Made Up Date	30/06/2024
Accounts Account Category	MICRO ENTITY
Returns Next Due Date	09/10/2016
Returns Last Made Up Date	11/09/2015

Directors & Members

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	Michael Audis - Director (British, 55 years old, born May 1971) Appointed 09 September 2021, Resigned 05 March 2024	Resigned
	Christopher Bayne - Director (British, 55 years old, born January 1971) Appointed 09 September 2021, Resigned 05 March 2024	Resigned
	Robert Binns - Director (British, 58 years old, born August 1968) Appointed 09 September 2021, Resigned 05 March 2024	Resigned
	Adam Brown - Director (British, 63 years old, born April 1963) Appointed 09 September 2021	Active
	Rhys Daniel - Director (British, 54 years old, born March 1972) Appointed 01 May 2006, Resigned 09 September 2021	Resigned
	Steven Drewett - Director (British, 54 years old, born March 1972) Appointed 14 December 2011, Resigned 14 July 2014	Resigned
	Jonathan Hargrave - Director (British, 56 years old, born March 1970) Appointed 15 September 2014, Resigned 13 November 2015	Resigned
	Malcolm Hughes - Director (British, 72 years old, born July 1954) Appointed 14 December 2011, Resigned 09 September 2021	Resigned
	Terence Jones - Director (British, 67 years old, born October 1959) Appointed 16 January 1998, Resigned 09 September 2021	Resigned
	Paula Jones - Director (British, 56 years old, born November 1970) Appointed 04 August 2014, Resigned 09 September 2021	Resigned
	Sara Jones - Director (British, 61 years old, born December 1965) Appointed 14 December 2011, Resigned 09 September 2021	Resigned
	Gavin Scruby - Director (British, 54 years old, born November 1972) Appointed 13 January 2016, Resigned 09 September 2021	Resigned
	Paul Stephens - Director (British, 52 years old, born October 1974) Appointed 19 January 2021, Resigned 09 September 2021	Resigned
	Cfl Directors Limited - Nominee Director Appointed 16 January 1998, Resigned 16 January 1998	Resigned
	Cfl Secretaries Limited - Nominee Secretary Appointed 16 January 1998, Resigned 16 January 1998	Resigned

Secretaries

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	Rhys Daniel - Secretary (British) Appointed 09 March 2001, Resigned 01 April 2001	Resigned
	Rhys Daniel - Secretary (British) Appointed 01 May 2006, Resigned 06 September 2016	Resigned
	Sara Jones - Secretary (British) Appointed 16 January 1998, Resigned 01 March 2001	Resigned
	Sara Jones - Secretary (British) Appointed 01 April 2001, Resigned 01 May 2006	Resigned
	Paula Jones - Secretary Appointed 06 September 2016, Resigned 09 September 2021	Resigned
	Cfl Secretaries Limited - Nominee Secretary Appointed 16 January 1998, Resigned 16 January 1998	Resigned

Other Company Directorships

Balance Sheet

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Accounts Date	30-Jun-2024	31-May-2014	31-May-2013
Balance Sheet
Fixed Assets	336,452	336,452	146,913
Current Assets	1,468,990	1,468,990	1,404,416
Creditors Due Within One Year	456,681	456,681	368,299
Working Cap	1,012,309	1,012,309	1,036,117
Total Assets Less Current Liabilities	1,348,761	1,348,761	1,183,030
Long-term Liabilities	263,780	263,780	10,300
Net Assets	1,084,981	1,084,981	1,172,730
Share Capital & Reserves
Share Cap	687,100	687,100	687,095
Profit & Loss Reserves	382,141	382,141	469,895
Other Reserves	15,740	15,740	15,740
Shareholders Funds	1,084,981	1,084,981	1,172,730

Common Size Financial Analysis

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Accounts Date	30-Jun-2024	31-May-2014	31-May-2013
Tangible Fixed Assets	-	-	-
Fixed Assets	18.6%	18.6%	9.5%
Stocks Inventory	0.0%	0.0%	0.0%
Debtors	13.8%	13.8%	15.1%
Cash Bank In Hand	67.6%	67.6%	75.4%
Current Assets	81.4%	81.4%	90.5%
Creditors Due Within One Year	25.3%	25.3%	23.7%
Net Current Assets Liabilities	56.1%	56.1%	66.8%
Creditors Due After One Year	14.6%	14.6%	0.7%
Accruals Deferred Income	-	-	-
Provisions For Liabilities Charges	-	-	-
Net Assets Liabilities Including Pension Asset Liability	60.1%	60.1%	75.6%
Called Up Share Capital	38.1%	38.1%	44.3%
Share Capital Allotted Called Up Paid	38.1%	38.1%	44.3%
Profit Loss Account Reserve	21.2%	21.2%	30.3%
Shareholder Funds	60.1%	60.1%	75.6%
Capital Employed	-	-	-
Total Assets Less Current Liabilities	74.7%	74.7%	76.3%

Financial Ratio Analysis

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Accounts Date	30-Jun-2024	31-May-2014	31-May-2013
Liquidity Ratio	3.2	3.2	3.8
Solvency Ratio	2.5	2.5	4.1
Reserves to Assets	0.2	0.2	0.3

Secured Creditors

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Mortgages Charges	0
Mortgages Outstanding	0
Mortgages Part Satisfied	0
Mortgages Satisfied	0

Assets and Debt Analysis

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Accounts Date	30-Jun-2024	31-May-2014	31-May-2013
Assets	1,805,442	1,805,442	1,551,329
Debt	720,461	720,461	378,599
Net Assets/Debt	1,084,981	1,084,981	1,172,730

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The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information

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Exact Court Judgements

Period of Months	Last 12m	13-24m	25-36m	37-48m	49-60m	61-72m
Number of Exact CCJS	X	Y	Y	X	X	Y
Value of Exact CCJS	YXY	YK	S	S	X	KX

Supplier Credit Limits

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Date	Sector	Notified	Amount	Terms
XK-SXY	XKXYXK	SXSKXYXK	£X,000	XS XYSKS
SK-SYY	SKXYXKYKKY	KSXX KKXXYXS	£YY,000	YS XYSKS SK YXXSXS
YK-SXY	XKXYXYYK	SXSXYXK	£SX,000	XS XYSKS

Payment Records

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Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices	Paid Before 30 days due	Paid After 30 days due	Owing Before 30 days due	Owing after 30 days due
XYX	SX	K	YX	X

Company Valuation Analysis

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Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations		Valuation Measures
Estimated High Value	£XSI,000	Retained Profit	£YX,000
Estimated Mid Value	£YY,000	EBIT	£SY,000
Estimated Low Value	£X,000	EBITDA	£SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations		Valuation Measures
Estimated High Value	£XY,000	Total Assets	£XIX,000
Estimated Mid Value	£Y,000	Net Assets	£YX,000
Estimated Low Value	£S,000	Tangible Equity	£SX,000
The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist

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Business Growth	Please purchase a report to see true comments
EBITDA	Purchase a report to see true comments
Dividends	Please purchase a report to see true comments about this company
Retained Profits	Retained Profits for this company
Debt Interest	Debt Interest for this company
Cash Flow	Cash Flow for this company
CCJs	CCJs for this company
Age of Company	Age of Company for this company
Solvency	Solvency for this company
Secured Creditors	Secured Creditors for this company
Ownership	Ownership for this company

First Report Score: (0-10)

Financial Status Guide:

10			Very Strong
9			Strong
8			Very Good
7			Good
6			Above Average
5			Average
4			Below Average
3			Poor
2			Weak
1			Very Weak
0			Critical

Risk Score Trend

Risk Rating

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This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100)	X
Risk Band Description	XXMXMXMX SISX
Risk Assessment	Meeting of Creditors
Credit Rating	XSKX

Altman Z Score Credit Risk Rating

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There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score	X
Risk Band	XY
Risk Band Description	The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1	Low Risk	3.00 and above
2	Caution	2.63 - 2.99
3	Risk of Failure within 2 years	1.24 - 2.62
4	High Probability Failure	Below 1.24

Other Business around LE11 3QF

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	SZABO SOFTWARE AND ENGINEERING. UK. LTD. C/O CHESTERTON HOUSE ACCOUNTING SERVICES LLP, 2-3 RECTORY PLACE, LOUGHBOROUGH, LEICESTERSHIRE, LE11 3QF
	YOUTH SPORT TRUST SPORT PARK, 3, OAKWOOD DRIVE, LOUGHBOROUGH, LEICESTERSHIRE, LE11 3QF
	GLOBALWAVE COMMUNICATIONS LIMITED CASPIAN HOUSE TIMOTHYS BRIDGE ROAD, STRATFORD ENTERPRISE PARK, STRATFORD-UPON-AVON, LE11 3QF
	DES19N LIMITED 81 BURTON ROAD, DERBY, DERBYSHIRE, LE11 3QF
	DIMEC LTD 1 Angel Square, Manchester, LE11 3QF
	AMATEUR SWIMMING FEDERATION OF GREAT BRITAIN LIMITED PAVILION 3, SPORTPARK, 3 OAKWOOD DRIVE LOUGHBOROUGH UNIVERSITY, LOUGHBOROUGH, LEICESTERSHIRE, LE11 3QF
	BLACK AND WHITE HEALTH CARE LIMITED Advanced Technology Innovation Centre, Loughborough University Science And Enterprise, Parks, 5 Oakwood Drive, Loughborough, Leicestershire, LE11 3QF
	TFM NETWORKS LIMITED CASPIAN HOUSE TIMOTHYS BRIDGE ROAD, STRATFORD ENTERPRISE PARK, STRATFORD-UPON-AVON, LE11 3QF
	HIGH PERFORMANCE SWIMMING LIMITED Pavilion 3 Sportpark 3 Oakwood Drive, Loughborough, Leicestershire, LE11 3QF

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