PAYEN LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +7.4%

  £28,183,729 → £30,263,299

• Cash

  +35.3%

  £84,778,960 → £114,734,321

  highest in 4 filed years

• Net assets

  +7.2%

  £7,047,427 → £7,553,157

  highest in 4 filed years

• Employees

  +6.7%

  30 → 32

  highest in 4 filed years

• Operating profit

  +22.3%

  £4,194,449 → £5,130,023

• Profit before tax

  +33.3%

  £4,273,906 → £5,698,399

• Wages

  -18.1%

  £2,483,202 → £2,034,177

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. PAYEN LIMITED 2019-05-07 → present
2. TRUSTPAY GLOBAL LIMITED 2010-11-03 → 2019-05-07

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Buzzacott Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Group structure

1. PAYEN LIMITED · parent
   1. Ilixium US Limited 100% · USA · Online payment services
   2. Ilixium Mexico Limited 99.9% · Mexico · Online payment services
   3. Ilixium Chile SoA 100% · Republic of Chile · Online payment services
   4. Ilixium Peru Limited 99.9% · Peru · Online payment services
   5. Ilixium Limited 100% · UK · Online payment services
   6. Ilixium Canada Limited 100% · Canada · Online payment services
   7. Ilixium Australia PTY Limited 100% · Australia · Online payment services
   8. Ilixium Spain Sl 100% · Spain · Online payment services

Significant events

• “FY2024-25 saw annual revenue increase by £2.08m (7.4%) to £30.3m. The increase was driven by steady growth in card processing in core markets and increases in related FX, treasury and payment services activity.”
• “The gross profit margin increased during the year due to increased volumes and renegotiated rates with merchants and key providers, which helped to drive an increase in overall group profit margins.”
• “Indirect costs increased by £0.8m (10.3%) to £8.2m due to business growth and increased spending on technology maintenance and compliance.”
• “Indirect costs also included the cost of legal and professional services related to the expansion into additional strategic markets.”
• “The group continues to work directly with Visa and Mastercard to support innovation and technological advancements, with a continued focus on security, governance, privacy and data protection, risk management, regulatory alignment, and the integrity of payment systems. In addition, the group continues to expand its strategic partnerships to support ongoing capability enhancements and strengthen its network.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.