I-PAYE LIMITED
Get an alert when I-PAYE LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-03-24 (in 10mo)
Last made up 2026-03-10
Watchouts
None on the register
Cash
£2M
-37.4% vs 2024
Net assets
£2M
-9.3% vs 2024
Employees
264
-20.5% vs 2024
Profit before tax
£115K
+8.6% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £48,977,131 | £42,010,527 | |
| Operating profit | £78,167 | £91,139 | |
| Profit before tax | £105,727 | £114,867 | |
| Net profit | £80,255 | £84,059 | |
| Cash | £2,640,003 | £1,651,970 | |
| Total assets less current liabilities | £1,996,501 | £1,814,565 | |
| Net assets | £1,996,501 | £1,810,560 | |
| Equity | £1,996,501 | £1,810,560 | |
| Average employees | 332 | 264 | |
| Wages | £22,615,667 | £21,384,749 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 0.2% | 0.2% | |
| Net margin | 0.2% | 0.2% | |
| Return on capital employed | 3.9% | 5.0% | |
| Current ratio | 1.32x | 1.34x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are satisfied that the group has adequate resources to continue in business to 31 March 2027. To reach this conclusion the directors have taken into account budgets prepared and the medium-term strategic plan which include current and anticipated contracts with reasonable judgement and estimates. 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. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- I-PAYE LIMITED · parent
- I-PAYE Managed Services Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUGHES, Paul Colin | Secretary | 2010-01-20 | — | — |
| HUGHES, Paul Colin | Director | 2006-10-18 | Sep 1970 | British |
| MCGRAIL, Shaun | Director | 2006-10-18 | Feb 1969 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUGHES, Paula | Secretary | 2005-10-01 | 2010-01-20 |
| HUGHES, Paula | Secretary | 2005-03-10 | 2005-04-01 |
| HUGHES, Paula | Director | 2005-10-01 | 2010-01-20 |
| MCGRAIL, Gaynor Louise | Director | 2005-03-10 | 2012-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Paul Colin Hughes | Individual | Significant influence | 2016-04-06 | Active |
| Mr Shaun Mcgrail | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 75 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-22 | AA | accounts | Accounts with accounts type group | |
| 2025-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-03 | AA | accounts | Accounts with accounts type group | |
| 2024-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-10 | AA | accounts | Accounts with accounts type group | |
| 2023-04-05 | CH01 | officers | Change person director company with change date | |
| 2023-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-13 | AA | accounts | Accounts with accounts type group | |
| 2022-03-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-01 | AA | accounts | Accounts with accounts type group | |
| 2021-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-17 | AA | accounts | Accounts with accounts type group | |
| 2020-10-05 | SH03 | capital | Capital return purchase own shares | |
| 2020-08-14 | SH06 | capital | Capital cancellation shares | |
| 2020-05-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-10-30 | AA | accounts | Accounts with accounts type full | |
| 2019-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-08-14 | AA | accounts | Accounts with accounts type full | |
| 2018-03-16 | CS01 | confirmation-statement | Confirmation statement with updates |
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.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-14.2%
£48,977,131 £42,010,527
-
Cash
-37.4%
£2,640,003 £1,651,970
-
Net assets
-9.3%
£1,996,501 £1,810,560
-
Employees
-20.5%
332 264
-
Operating profit
+16.6%
£78,167 £91,139
-
Profit before tax
+8.6%
£105,727 £114,867
-
Wages
-5.4%
£22,615,667 £21,384,749
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