PAYNETWORX LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-24 (in 2mo)
Last made up 2025-07-10
Watchouts
None on the register
Cash
£5K
+99.2% vs 2023
Net assets
-£667K
-33.6% vs 2023
Employees
0
Average over period
Profit before tax
-£168K
-36.9% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £179,711 | £211,045 | |
| Operating profit | -£12,710 | -£18,426 | |
| Profit before tax | -£122,606 | -£167,845 | |
| Net profit | -£122,606 | -£167,845 | |
| Cash | £2,602 | £5,184 | |
| Total assets less current liabilities | -£415,783 | -£630,101 | |
| Net assets | -£499,625 | -£667,470 | |
| Equity | -£499,625 | -£667,470 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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 2024-12-31 vs 2023-12-31
-
Turnover
+17.4%
£179,711 £211,045
-
Cash
+99.2%
£2,602 £5,184
-
Net assets
-33.6%
-£499,625 -£667,470
-
Employees
—
Not reported
-
Operating profit
-45%
-£12,710 -£18,426
-
Profit before tax
-36.9%
-£122,606 -£167,845
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -7.1% | -8.7% | |
| Net margin | -68.2% | -79.5% | |
| Return on capital employed | 3.1% | 2.9% | |
| Gearing (liabilities / total assets) | 127.2% | 128.7% | |
| Current ratio | 0.76x | 0.76x | |
| Interest cover | -0.12x | -0.12x |
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.
Name history
Renamed 1 time since incorporation
- PAYNETWORX LIMITED 2018-07-16 → present
- PAYNETWORXS LIMITED 2018-07-11 → 2018-07-16
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- C B Heslop And Company Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors, whilst recognising the potential uncertainty over the company's ability to settle liabilities as they fall due, continue to adopt the going concern basis in the preparation of the financial statements. The company has the support of its ultimate controlling party WLES LP and has continued to meet its obligations as they have fallen due.”
Significant events
- “Paynetworx Ltd is now registered with the FCA as an EMD agent number 902745.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MILLS, Reginald Osborn | Director | 2018-07-11 | May 1940 | British |
| VOIGT, Trent Rodney | Director | 2018-07-11 | Nov 1963 | American |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Paynetworx Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-07-11 | Active |
Filing timeline
Last 19 of 19 total filings
Material constitutional events — rename, articles re-file, resolution
- 2018-07-16 RESOLUTIONS Resolution PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-08 | AA | accounts | Accounts with accounts type full | |
| 2025-07-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-20 | AA | accounts | Accounts with accounts type full | |
| 2024-07-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-23 | AA | accounts | Accounts with accounts type full | |
| 2023-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-13 | AA | accounts | Accounts with accounts type full | |
| 2022-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-07-26 | AA | accounts | Accounts with accounts type full | |
| 2021-07-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-09-10 | AA | accounts | Accounts with accounts type full | |
| 2020-07-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-07-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2019-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-07-09 | AA | accounts | Accounts with accounts type dormant | |
| 2019-02-15 | AA01 | accounts | Change account reference date company previous shortened | |
| 2018-07-16 | RESOLUTIONS | resolution | Resolution | |
| 2018-07-11 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.