EPAYMENTS SYSTEMS LIMITED
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Next accounts due
2026-07-27 (in 2mo)
Last filed for 2024-04-30
Confirmation statement due
2026-07-17 (in 2mo)
Last made up 2025-07-03
Watchouts
Cash
£22M
-64.4% vs 2023
Net assets
£183K
-40.1% vs 2023
Employees
114
-34.1% vs 2023
Profit before tax
-£861K
+86.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
These financial statements have therefore not been prepared on a going concern basis. The Director is of the opinion that no adjustments are required to the financial statements as a result of the use of a basis other than going concern.
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2024-04-30
| Metric | Trend | 2022-04-30 | 2023-04-30 | 2024-04-30 |
|---|---|---|---|---|
| Turnover | — | £5,725,012 | £4,695,804 | |
| Operating profit | — | -£6,355,728 | -£938,631 | |
| Profit before tax | — | -£6,341,295 | -£860,779 | |
| Net profit | — | -£6,340,929 | -£860,779 | |
| Cash | — | £62,695,641 | £22,332,523 | |
| Total assets less current liabilities | — | £304,961 | £182,642 | |
| Net assets | — | £304,961 | £182,642 | |
| Equity | -£14,065,599 | £304,961 | £182,642 | |
| Average employees | — | 173 | 114 | |
| Wages | — | £7,191,380 | £3,771,314 | |
| Directors' remuneration | — | £305,105 | £288,200 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-04-30 vs 2023-04-30
-
Turnover
-18%
£5,725,012 £4,695,804
-
Cash
-64.4%
£62,695,641 £22,332,523
-
Net assets
-40.1%
£304,961 £182,642
-
Employees
-34.1%
173 114
-
Operating profit
+85.2%
-£6,355,728 -£938,631
-
Profit before tax
+86.4%
-£6,341,295 -£860,779
-
Wages
-47.6%
£7,191,380 £3,771,314
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-04-30 | 2023-04-30 | 2024-04-30 |
|---|---|---|---|---|
| Operating margin | — | -111.0% | -20.0% | |
| Net margin | — | -110.8% | -18.3% | |
| Return on capital employed | — | -2084.1% | -513.9% | |
| Gearing (liabilities / total assets) | — | 99.5% | 99.2% | |
| Current ratio | — | 1.00x | 1.00x | |
| Interest cover | — | -1986.16x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- MMBA London Ltd
- Audit opinion
- Qualified
- Going concern
- Material uncertainty disclosed
“These financial statements have therefore not been prepared on a going concern basis. The Director is of the opinion that no adjustments are required to the financial statements as a result of the use of a basis other than going concern.”
Group structure
- EPAYMENTS SYSTEMS LIMITED · parent
- Epayments Technology LLC 99%
Significant events
- “On the 5th of August 2022, the Board of Directors made the decision to solvently wind-down the business due to the lack of sufficient progress toward "business as usual".”
- “The Parent Company received confirmation from the FCA on 24 December 2021 that the VREQ was lifted.”
- “In July 2022, the Board of Directors of the Parent Company approved the sale of its 99% shareholding in its subsidiary, which operates in Russia. The transaction was completed on 6 December 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARBUZOVA, Elena | Director | 2019-11-25 | Oct 1984 | Russian |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COURTNEIDGE, Robert Edmund | Director | 2018-07-02 | 2020-02-17 |
| FETIN, Andrei | Director | 2020-09-09 | 2024-11-01 |
| KAHAN, Barbara | Director | 2012-07-09 | 2012-07-09 |
| RYMANOV, Mikhail | Director | 2012-07-09 | 2020-12-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 69 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-07-28 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-07-22 | AA | accounts | Accounts with accounts type group | |
| 2025-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-23 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-11-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-13 | AA | accounts | Accounts with accounts type group | |
| 2023-07-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-05 | SH01 | capital | Capital allotment shares | |
| 2023-05-02 | SH01 | capital | Capital allotment shares | |
| 2023-04-21 | AA | accounts | Accounts with accounts type group | |
| 2023-01-17 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-09-15 | AA | accounts | Accounts with accounts type group | |
| 2022-08-30 | SH01 | capital | Capital allotment shares | |
| 2022-07-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-07 | SH01 | capital | Capital allotment shares | |
| 2022-06-08 | CH01 | officers | Change person director company with change date | |
| 2022-06-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-05-26 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.