PAYALLY LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-09-30.

Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -19.3%

  £5,671,127 → £4,576,721

• Cash

  -24.1%

  £40,379,298 → £30,660,284

• Net assets

  -3.1%

  £2,063,046 → £1,999,456

• Employees

  +40.6%

  32 → 45

  highest in 4 filed years

• Operating profit

  -626.4%

  £326,461 → -£1,718,473

  lowest in 4 filed years

• Profit before tax

  -437.6%

  £398,702 → -£1,345,978

  lowest in 4 filed years

• Wages

  +4.9%

  £1,452,883 → £1,524,780

  highest in 4 filed years

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

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. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “When, during 2023, a review of our systems suggested that they had not kept up entirely with the relatively rapid expansion of the business, the company decided to stop onboarding new clients until all systems had been adequately upgraded. The company did this with the full approval of the FCA and have now been assured by a third-party audit that the systems are now perfectly adequate for a business of our size.”
• “The anticipated roll out of iOS and Android mobile PayAlly applications was completed in early 2023, as well as our payments ecosystem v1.0 offering to clients.”
• “the overall structure of the business will be reassessed and rather than PayAlly Limited being the lead organisation, it will become an important part of a group”
• “PayAlly Limited now has a sister company, PA West Services Ltd. regulated by the Canadian authorities.”
• “Restructuring, when fully planned, will be submitted for regulatory approval as necessary.”

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

Filings

3

last 12 months

Capital events

1

last 24 months

Officers appointed

0

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.