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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

Accounts

2-year trend · latest reflected 2025-03-31

Metric Trend 2024-03-312025-03-31
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 332264
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 2024-03-312025-03-31
Operating margin 0.2%0.2%
Net margin 0.2%0.2%
Return on capital employed 3.9%5.0%
Current ratio 1.32x1.34x

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

  1. I-PAYE LIMITED · parent
    1. I-PAYE Managed Services Limited 100% · United Kingdom

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 PDF
2025-12-22 AA accounts Accounts with accounts type group
2025-03-10 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-01-03 AA accounts Accounts with accounts type group
2024-03-12 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-01-10 AA accounts Accounts with accounts type group
2023-04-05 CH01 officers Change person director company with change date PDF
2023-03-13 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-01-13 AA accounts Accounts with accounts type group
2022-03-15 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-02-01 AA accounts Accounts with accounts type group
2021-04-21 CS01 confirmation-statement Confirmation statement with no updates PDF
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 PDF
2019-10-30 AA accounts Accounts with accounts type full
2019-03-11 CS01 confirmation-statement Confirmation statement with no updates PDF
2018-08-14 AA accounts Accounts with accounts type full
2018-03-16 CS01 confirmation-statement Confirmation statement with updates PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
2

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

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

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

Official Companies House page