PAX2PAY LTD
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Cash
£935k
+139.7% vs 2024
Net assets
£525k
-37.8% vs 2024
Employees
16
+23.1% highest in 6 filed years
Profit before tax
£3.2m
+14.1% highest in 5 filed years
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £2,163,041 | £11,196,714 | £17,636,368 | £19,102,579 | £19,984,889 | +4.6% | |
| Operating profit | — | £756,167 | £1,770,933 | £2,629,537 | £2,813,684 | £3,185,601 | +13.2% | |
| Profit before tax | — | £756,167 | £1,755,784 | £2,605,182 | £2,783,360 | £3,174,500 | +14.1% | |
| Net profit | — | £720,183 | £1,392,746 | £1,992,742 | £2,087,518 | £2,380,875 | +14.1% | |
| Cash | £159,552 | £453,982 | £1,909,542 | £493,246 | £390,226 | £935,324 | +139.7% | |
| Total assets less current liabilities | — | £1,064,678 | £552,054 | £775,371 | £856,731 | £531,448 | -38% | |
| Net assets | £24,495 | £1,064,678 | £527,424 | £756,898 | £844,416 | £525,291 | -37.8% | |
| Equity | £24,495 | £1,064,678 | £527,424 | £756,898 | £844,416 | £525,291 | -37.8% | |
| Average employees | 3 | 5 | 6 | 9 | 13 | 16 | +23.1% | |
| Wages | — | £294,204 | £497,325 | £851,830 | £943,063 | £1,033,666 | +9.6% | |
| 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. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | 35.0% | 15.8% | 14.9% | 14.7% | 15.9% | |
| Net margin | — | 33.3% | 12.4% | 11.3% | 10.9% | 11.9% | |
| Return on capital employed | — | 71.0% | 320.8% | 339.1% | 328.4% | 599.4% | |
| Gearing (liabilities / total assets) | — | — | — | 87.2% | 86.0% | 91.7% | |
| Current ratio | — | — | — | 1.14x | 1.16x | 1.09x | |
| Interest cover | — | — | — | — | 91.39x | — |
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
- PAX2PAY LTD 2019-04-05 → present
- PXPAY LTD 2019-01-02 → 2019-04-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- rock tax & accounting
- 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.”
Significant events
- “There have been no material events between the balance sheet date and the date of this report.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROXBURGH MILKINS LIMITED | Corporate Secretary | 2019-01-18 | — | — |
| EEROLA, Paivo | Director | 2021-06-14 | Feb 1967 | Finnish |
| ROBINSON, Ian David | Director | 2019-01-02 | Apr 1963 | British |
| WANDT, Claes Mikael | Director | 2022-12-05 | Mar 1964 | Swedish |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARKER, Anthony Ian | Director | 2019-01-02 | 2021-07-12 |
| OSTERBERG, Lars Gunnar | Director | 2022-12-05 | 2025-03-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pax2pay Ab | Corporate entity | Shares 75–100% | 2023-11-24 | Ceased 2023-11-24 |
| Mr Anthony Ian Barker | Individual | Shares 25–50%, Voting 25–50% | 2023-11-24 | Active |
| Mr Lars Gunnar Osterberg | Individual | Shares 25–50%, Voting 25–50% | 2023-11-24 | Active |
| Mr Sven Anders Steen | Individual | Shares 25–50%, Voting 25–50% | 2023-11-24 | Active |
| Paxport Group Uk Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-02 | Ceased 2023-11-24 |
Filing timeline
Last 20 of 42 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-11 | AA | accounts | Accounts with accounts type full | |
| 2026-06-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-07 | CH01 | officers | Change person director company with change date | |
| 2025-07-07 | CH01 | officers | Change person director company with change date | |
| 2025-07-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-12 | AA | accounts | Accounts with accounts type full | |
| 2025-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-01 | AA | accounts | Accounts with accounts type full | |
| 2024-02-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-04 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-01-04 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-01-04 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-01-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-01-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-12-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-31 | AA | accounts | Accounts with accounts type full | |
| 2022-12-13 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.