UK Companies House feature
PAYRNET LIMITED
Cash
£8M
-34.1% vs 2023
Net assets
£9M
-27.6% vs 2023
Employees
0
Average over period
Profit before tax
-£4M
-261.3% vs 2023
Profile
- Company number
- 09883437
- Status
- Active
- Incorporation
- 2015-11-23
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Net assets
5-year trend · vs UK Fintech median
PAYRNET LIMITED
PAYRNET LIMITED
PAYRNET LIMITED
PAYRNET LIMITED
Accounts
5-year trend · latest 2024-12-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £8,865,915 | — | £17,674,966 | £17,103,965 | |
| Operating profit | — | -£1,142,493 | — | £2,010,804 | -£4,502,543 | |
| Profit before tax | — | -£1,147,128 | — | £2,407,262 | -£3,883,304 | |
| Net profit | — | -£1,041,282 | — | £1,991,175 | -£3,468,346 | |
| Cash | £4,440,579 | £12,070,032 | £12,070,032 | £12,137,521 | £7,997,270 | |
| Total assets less current liabilities | — | £6,676,004 | — | £12,575,601 | £12,687,255 | |
| Net assets | — | £6,676,004 | — | £12,575,601 | £9,107,255 | |
| Equity | £2,624,441 | £6,676,004 | £7,084,426 | £12,575,601 | £9,107,255 | |
| Average employees | — | 0 | — | 0 | 0 | |
| Wages | — | — | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BKL Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared using the going concern basis of accounting. The directors are confident that the Company has sufficient resources to meet its debt obligations as they fall due for a period of at least twelve months from the approval of the financial statements.”
Significant events
- “In May 2024, the FCA modified the Voluntary Requirement (VREQ) restrictions previously placed on the Company, allowing PayrNet to resume onboarding new customers in the UK.”
- “On 28 April 2025, subsequent to the year end, Embedded Finance Limited was acquired by Alakazam Holdings Limited, a newly formed entity controlled by a consortium of existing EFL investors, and new investors TowerBrook Capital Partners and JC Flowers & Co. This acquisition coincided with the merger of EFL and Equals Money PLC, creating one of the largest Embedded Finance offerings in Europe.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRAITHWAITE, Wendy Nicole | Secretary | 2024-03-15 | — | — |
| GAGIE, David Ronald | Director | 2025-09-18 | Feb 1955 | British |
| STRAFFORD-TAYLOR, Ian Alexander Irving | Director | 2025-11-27 | Oct 1960 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MARES, Fiona | Secretary | 2019-06-28 | 2023-07-07 |
| MITCHELL, Clive William | Secretary | 2015-11-23 | 2021-02-17 |
| MORRIS, James Dominic | Secretary | 2021-02-19 | 2023-05-25 |
| CHARTERIS, John Nicolas Robert Dunbar | Director | 2021-02-19 | 2021-10-18 |
| COUTTIE, Stephen | Director | 2019-06-28 | 2024-03-15 |
| HAZLETON, Tomas Joseph | Director | 2024-03-15 | 2025-05-15 |
| JORDAN, Iwona Monika | Director | 2024-03-15 | 2025-12-03 |
| KITCHEN, Gerald | Director | 2015-11-23 | 2019-05-24 |
| KNEVITT, David Cecil John | Director | 2015-11-23 | 2019-05-24 |
| MITCHELL, Clive William | Director | 2015-11-23 | 2021-02-17 |
| MOREL, Philippe | Director | 2024-03-15 | 2025-11-07 |
| MURRAY, Louisa Mary | Director | 2021-02-19 | 2024-03-15 |
| VERDON, Nigel George Swinburne | Director | 2015-11-23 | 2023-03-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| D Squared Capital Limited | Corporate entity | Shares 75–100%, ownership-of-shares-75-to-100-percent-as-firm, Voting 75–100%, Appoints directors, significant-influence-or-control-as-firm | 2023-03-09 | Ceased 2023-03-09 |
| Embedded Finance Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-03-09 | Active |
| Railsbank Technology Limited | Corporate entity | Shares 75–100% | 2019-05-24 | Ceased 2023-03-09 |
| Mr Nigel George Swinburne Verdon | Individual | Shares 25–50%, Voting 25–50% | 2016-11-23 | Ceased 2019-05-24 |
| Mr David Cecil John Knevitt | Individual | Shares 25–50%, Voting 25–50% | 2016-11-23 | Ceased 2019-05-24 |
Filing timeline
Last 20 of 85 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-01-08 | MA | incorporation | memorandum articles |
| 2026-01-08 | RESOLUTIONS | resolution | resolution |
| 2025-12-23 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-12-08 | AA | accounts | accounts with accounts type full |
| 2025-12-05 | TM01 | officers | termination director company with name termination date |
| 2025-11-27 | AP01 | officers | appoint person director company with name date |
| 2025-11-12 | TM01 | officers | termination director company with name termination date |
| 2025-09-19 | AP01 | officers | appoint person director company with name date |
| 2025-07-24 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2025-07-22 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-06-17 | TM01 | officers | termination director company with name termination date |
| 2025-05-01 | AD01 | address | change registered office address company with date old address new address |
| 2024-10-03 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-10-03 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2024-08-22 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2024-07-16 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-05-30 | AA | accounts | accounts with accounts type full |
| 2024-03-27 | AP01 | officers | appoint person director company with name date |
| 2024-03-26 | AP03 | officers | appoint person secretary company with name date |
| 2024-03-26 | TM01 | officers | termination director company with name termination date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Credit score requires total assets — not present in the latest extracted accounts.
Activity Score
Composite activity score · components 0–100 · reference 2026-05-10
57.4
COOL
/ 100
- Filings velocity 92
- Capital events 0
- Officer churn 100
- Headcount trajectory 50
- Accounts trajectory 47
- 11 filing(s) in last 12 months
- 2 appointed, 3 resigned (12mo)
- Turnover -3% YoY