CLOUDPAY UNITED KINGDOM LIMITED

1. CLOUDPAY UNITED KINGDOM LIMITED 2013-05-13 → present
2. CLOUDPAY LIMITED 2012-10-09 → 2013-05-13
3. PATERSONS HR AND PAYROLL SOLUTIONS LIMITED 2004-12-03 → 2012-10-09
4. PATERSONS PAYROLL SOLUTIONS LIMITED 2001-02-19 → 2004-12-03
5. PATERSONS PAYROLL SERVICES LIMITED 1998-06-11 → 2001-02-19

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

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors review their forecasts prepared at Consolidated CloudPay Inc level with specific reference to the ability of the business to meet its liabilities as they fall due and have a reasonable expectation that the company is able to manage its business risks successfully. The forecasts cover the period beyond the twelve months from the date of signing of these accounts and make allowance for reasonably foreseeable impacts of the current economic environment.”

Group structure

1. CLOUDPAY UNITED KINGDOM LIMITED · parent
   1. CloudPay Software Service (Shanghai) Limited 100% · China · provide payroll processing services
   2. CloudPay Italy srl 100% · Italy · provide payroll processing services

Significant events

• “Headcount reduced to an average of 284 employees in 2024 from 320 employees in 2023 as a result of restructuring activity. Certain roles were relocated to another of the Group's service centres. Restructuring costs incurred in 2024 amounted to £739,000.”
• “In July 2024 the ultimate parent company Cloudpay Inc. secured $120million of debt and equity funding and the $80million debt facility held by Cloudpay Holdings Limited was repaid in full. After the year end on August 8, 2025, Cloudpay Inc closed on a $20 million financing arrangement.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +4.4%

  £47,768,000 → £49,878,000

• Cash

  -80.7%

  £10,550,000 → £2,038,000

• Net assets

  -28.8%

  -£81,012,000 → -£104,378,000

• Employees

  -11.3%

  320 → 284

• Operating profit

  -126.7%

  -£10,430,000 → -£23,650,000

• Profit before tax

  -129.3%

  -£10,308,000 → -£23,633,000

• Wages

  +4.9%

  £16,174,000 → £16,970,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers