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Paystream accounting services ltd
Registration Number
07598955Incorporation Date
11/04/2011Last Annual Return
Not availableAddress
Mansion House, Manchester Road, Altrincham, Cheshire. WA14 4RW
Website
www.paystream.co.ukAudit Fees
£32,000Secretary
Not available
Directors
Active
Mr Andrew Cleal (45 yrs)
Active
Ms Jayne Louise Stirrup (44 yrs)
Active
Mr Tony Hodkinson (38 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 13442 | 19094 | 24693 | 27468 | 31172 |
| Directors Fees | 0 | 1979 | 2872 | 2878 | 3454 |
| Gross Profits | 12877 | 18359 | 23738 | 26235 | 29773 |
| Value Added | 10296 | 13844 | 18842 | 20654 | 23074 |
| Trading Profit | 1309 | 1657 | 2455 | 2947 | 4806 |
| Depreciation | 181 | 124 | 157 | 198 | |
| Non-Trading Income | 0 | 0 | 16 | 183 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 1128 | 1533 | 2314 | 2932 | 4568 |
| Retained Profit (Shareholders Funds) | -2438 | 766 | 1334 | 2123 | 1759 |
| Fixed Assets | 275 | 321 | 474 | 507 | 608 |
| Intangibles | 1011 | 868 | 865 | 983 | 1180 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 349 | 355 | 364 | 510 | 579 |
| Cash or Equivalent | 2244 | 4690 | 7292 | 7613 | 9980 |
| Total Current Assets | 2593 | 5045 | 7656 | 8123 | 10559 |
| Creditors | 268 | 402 | 983 | 662 | 864 |
| Short Term Borrowing | 4 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1990 | 3644 | 4660 | 3530 | 4236 |
| Total Current Liabilities | 2262 | 4046 | 5643 | 4192 | 5100 |
| Net Current Assets | 331 | 999 | 2013 | 3931 | 5459 |
| Shareholders Funds | 861 | 1627 | 2961 | 5084 | 6843 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 755 | 561 | 391 | 337 | 404 |
| Total Capital Employed | 1616 | 2188 | 3352 | 5421 | 7247 |
| Pretax Profit Margin % | 8.39 | 8.03 | 9.37 | 10.67 | 14.65 |
| Sales Growth % | -16 | 42 | 29 | 11 | 13 |
| Pretax Profit Growth % | -53 | 36 | 51 | 27 | 55.80 |
| Debtor Ratio Days | 9 | 7 | 5 | 7 | 6.7584097859327 |
| Creditor Ratio Days | 7 | 8 | 14 | 9 | 10.0885830784913 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 57 | 74 | 74 | 76 | 83.6975069252078 |
| Value Added £000/Empl. | 44 | 54 | 57 | 57 | 61.9537503176803 |
| Av. Remun. £000 / Empl. | 38 | 47 | 49 | 49 | 49.0498614958449 |
| Total Empl. Remu. £000 | 8987 | 12187 | 16387 | 17707 | 18268.0870544836 |
| Employees | 234 | 258 | 332 | 361 | 372.439115980606 |
| Pretax Profit/Total Assets % | 29 | 25 | 26 | 31 | 37 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
- Total Sales have increased by 11.2% in the latest year, well above the industry average of 3.1%.
- Gross Profit Margin is 95.5% in the latest year, well above the industry average of 3.3%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently improved pretax profits over the last 4 years.Only 17 other companies achieved this.
- Pretax Profit Margin is 10.7% in the latest year, well above the industry average of 0.7%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 18 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 31 in terms of Trading Profits.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 46 Leaders in Efficiency.
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 14 Cash Rich companies.
- The company is among the Top 149 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £27.5m sales and made £2.9m, by following the proposal plan, sales would rise to £31.2m and profits would rise to £4.6m.
Key Attractiveness Features
- ADD £27.5m TO SALES
- ATTRACTIVE RATING
- ATTRACTIVE PRICE
- FEW DIRECTORS
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Total Sales (£000) | 13442 | 19094 | 24693 | 27468 | 31172 |
| Pre-tax Profit (£000) | 1128 | 1533 | 2314 | 2932 | 4568 |
| Total Value (£000) | 7275 | 19104 | 27553 | 30135 | 42477 |
| Asset Value (£000) | 1635 | 1544 | 1703 | 2000 | 2367 |
| Goodwill (£000) | 5640 | 17560 | 25850 | 28135 | 40110 |
| Liabilities (£000) | -773 | 83 | 1258 | 3084 | 4476 |
| Equity Value (£000) | 6502 | 19187 | 28811 | 33219 | 46953 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
PAYSTREAM MY MAX HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 14 years.
The number of shareholders is low (1)
1 director is under 40 years of age.
The value of the company has risen in each of the last 2 years.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £30.1m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 37% return on total assets.
The company's value would increase by 41% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 12%.
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