PAYMASTER (1836) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-26 (in 10mo)
Last made up 2026-03-12
Watchouts
None on the register
Cash
£100K
0% vs 2023
Net assets
£173M
-2.4% vs 2023
Employees
229
-16.4% vs 2023
Profit before tax
-£9M
+20.6% vs 2023
Name history
Renamed 1 time since incorporation
- PAYMASTER (1836) LIMITED 1997-04-14 → present
- BIRSABRE LIMITED 1996-09-13 → 1997-04-14
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £87,200,000 | £80,600,000 | |
| Operating profit | -£4,100,000 | -£10,700,000 | |
| Profit before tax | -£10,700,000 | -£8,500,000 | |
| Net profit | -£10,200,000 | -£5,700,000 | |
| Cash | £100,000 | £100,000 | |
| Total assets less current liabilities | £195,400,000 | £185,800,000 | |
| Net assets | £177,100,000 | £172,800,000 | |
| Equity | £177,100,000 | £172,800,000 | |
| Average employees | 274 | 229 | |
| Wages | £11,900,000 | £10,900,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -4.7% | -13.3% | |
| Net margin | -11.7% | -7.1% | |
| Return on capital employed | -2.1% | -5.8% | |
| Gearing (liabilities / total assets) | 21.2% | 22.0% | |
| Current ratio | 4.87x | 4.01x | |
| Interest cover | -4.10x | -17.83x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have received assurance from Orbit Private Holdings I Ltd, that funding will be made available to the Company if necessary, and as such they are satisfied that the Company will continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing these financial statements.”
Group structure
- PAYMASTER (1836) LIMITED · parent
- Claybrook Computing Limited 100%
- Equiniti Pension Trustee Limited 100%
- Equiniti PMS Limited 100%
- Equiniti Solutions India Private Limited 99%
- MyCSP Limited 75%
- MyCSP Trustee Company Limited 75%
Significant events
- “In 2024, the Company saw a decline of 7.6% in revenue to £80.6m (2023 - £87.2m). During 2024 the Company continued to invest in its operating model.”
- “The Company has also now exited two clients that were lost in 2023.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 49 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PRISM COSEC LIMITED | Corporate Secretary | 2023-05-31 | — | — |
| BOWEN, Susannah Elizabeth | Director | 2021-10-28 | Feb 1974 | British |
| WATSON, Duncan Stuart | Director | 2019-02-01 | Feb 1970 | British |
Show 49 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ATHERTON, Sharon Anne | Secretary | 2007-02-23 | 2013-07-31 |
| BELL, Nigel | Secretary | 1999-12-08 | 2000-01-31 |
| BURGESS, Keith John | Secretary | 2000-01-31 | 2005-07-08 |
| CROSLAND, Sharon Jane | Secretary | 2019-05-15 | 2023-05-31 |
| DAWE, Anthony Peter | Secretary | 1998-08-27 | 1999-01-27 |
| HOWELL, Peter Graham | Secretary | 1999-01-27 | 1999-12-08 |
| PALMER, Lee | Secretary | 1996-12-16 | 1997-04-01 |
| PALMER, Neil Richard | Secretary | 1996-09-25 | 1996-12-16 |
| ROY, David Maitland | Secretary | 1997-04-01 | 1998-08-27 |
| SALTER, James Anthony | Secretary | 2005-07-08 | 2006-02-08 |
| STAHELIN, Peter Charles | Secretary | 2006-02-08 | 2007-02-23 |
| SWABEY, Peter Kenneth | Secretary | 2013-08-01 | 2013-09-20 |
| THOMAS, Howard | Nominee Secretary | 1996-09-13 | 1996-09-25 |
| YOUNG, Ceri Joanne Charles | Secretary | 2016-11-09 | 2019-05-15 |
| DAVID VENUS & COMPANY LLP | Corporate Secretary | 2013-09-20 | 2016-11-09 |
| BINGHAM, Paul Brian | Director | 2005-07-08 | 2014-01-31 |
| BONIFACE, Richard Colin | Director | 2001-10-24 | 2004-03-31 |
| COURTLEY, David John | Director | 1997-04-09 | 1998-08-27 |
| COX, Charles Edward Frederick | Director | 1997-07-17 | 1998-08-27 |
| DEAR, Anthony James | Director | 2017-08-14 | 2020-03-01 |
| DOWNS, Gavin Dalziel | Director | 2014-03-31 | 2015-06-05 |
| ENGELBERT, Steven Mark | Director | 2020-05-18 | 2021-07-31 |
| FORREST, Martin David | Director | 1997-04-01 | 1997-04-09 |
| FRY, Christopher Pearson | Director | 1997-04-29 | 2005-07-08 |
| GARSIDE, Christopher Howard | Director | 1997-04-01 | 1997-04-09 |
| GRAY, Paul Richard Charles | Director | 1996-12-16 | 1997-04-01 |
| GREEN, Adam Charles | Director | 2021-06-30 | 2025-11-05 |
| HANSFORD, Martin | Director | 1996-12-16 | 1997-04-01 |
| HINDLEY, Martyn John | Director | 2012-12-03 | 2015-02-20 |
| HUTCHISON, Michael John | Director | 1997-04-09 | 2001-07-19 |
| JENKINS, Vaughan | Director | 1996-09-29 | 1998-08-27 |
| JONES, Frank Stevenson | Director | 2004-02-03 | 2007-04-23 |
| KELLY, James | Director | 1998-08-27 | 2001-03-31 |
| MARNOCH, Alasdair | Director | 2006-06-02 | 2012-05-31 |
| MEADES, Derek Leslie | Director | 2005-07-22 | 2006-05-31 |
| PALMER, Lee | Director | 1997-03-27 | 1997-04-01 |
| POWNALL, Steven Ellis | Director | 1997-09-08 | 1998-08-27 |
| RADCLIFFE, David John Chegwidden | Director | 1998-08-27 | 2005-07-08 |
| ROBINSON, Timothy Michael | Director | 2006-02-01 | 2010-04-19 |
| RUDZITIS, Susan Brigitta | Director | 2014-05-19 | 2015-01-31 |
| SHELTON, Robin Turner | Director | 1997-04-09 | 1998-08-27 |
| SIMMS, Graeme Nicholas | Director | 1996-09-29 | 1998-09-03 |
| STEVENS, Alan Charles | Director | 1997-04-09 | 1998-08-27 |
| STORY, Wayne Andrew | Director | 2012-06-01 | 2013-10-31 |
| TAYLOR, Nigel Mark | Director | 1996-09-25 | 1996-12-16 |
| TESTER, William Andrew Joseph | Nominee Director | 1996-09-13 | 1996-09-25 |
| WAKELEY, Guy Richard | Director | 2015-05-12 | 2021-01-04 |
| WESTWOOD, Roger Malcolm | Director | 1997-04-09 | 2005-07-08 |
| WILLIAMS, Richard Mark | Director | 2014-10-30 | 2019-02-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Equiniti Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 227 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2025-03-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-03-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-28 | AA | accounts | Accounts with accounts type full | |
| 2023-05-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-05-31 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2023-05-18 | CH01 | officers | Change person director company with change date | |
| 2023-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-06 | AA | accounts | Accounts with accounts type full | |
| 2022-03-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2021-08-17 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-17 | AA | accounts | Accounts with accounts type full | |
| 2021-06-30 | AP01 | officers | Appoint person director company with name date | |
| 2021-06-08 | AD02 | address | Change sail address company with old address new address | |
| 2021-06-02 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-7.6%
£87,200,000 £80,600,000
-
Cash
0%
£100,000 £100,000
-
Net assets
-2.4%
£177,100,000 £172,800,000
-
Employees
-16.4%
274 229
-
Operating profit
-161%
-£4,100,000 -£10,700,000
-
Profit before tax
+20.6%
-£10,700,000 -£8,500,000
-
Wages
-8.4%
£11,900,000 £10,900,000
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