PAY TECHNOLOGIES (UK) LTD

1. PAY TECHNOLOGIES (UK) LTD 2022-03-17 → present
2. MARKETCOM LTD 2020-09-28 → 2022-03-17
3. STUCCOMEDIA LTD 2016-02-16 → 2020-09-28

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries of the executive management team, the Director has formed a judgement, at the time of approving these financial statements, that there is a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the Director has decided that the going concern basis is appropriate in preparing the financial statements.”

Group structure

1. PAY TECHNOLOGIES (UK) LTD · parent
   1. Pay.com US, Inc. 100% · United States of America · Payment solutions provider
   2. Pay Technologies (CY) Ltd 100% · Cyprus · Provision of software technology services
   3. Paycomcy Limited 100% · Cyprus · Payment solutions provider & Merchant acquirer

Significant events

• “On 29 March 2024, the Company, assigned to Globe Invest Limited, a payable of US$1,250,000 (31 December 2023: US$850,000) owed to related party Kape Technologies Plc.”
• “On the same day, the amount assigned and the loan from Globe Invest Limited of a value of US$3,047,534, were capitalised by the issuance of 2,690,661 class A shares to Globe Invest Limited at the nominal value of GBP1 each.”
• “On 29 March 2024, the Company issued additional 2,504,376 class B shares at nominal value of GBP1. Consequently, the share capital of the Company has increased from 34,435,174 shares of nominal value of GBP1 to 39,630,211 shares of the same nominal value.”
• “On 31 December 2024, the Company disposed of its 100% equity interest in Global Underwriting Technology Ltd, comprising 1,000,000 shares of ILS0.01 each, to Fiver London Limited for total consideration of GBP10,000.”
• “The disposal transaction, together with the derecognition of the related party receivable, resulted in a total combined loss of GBP1,517,820, which has been recognised in the statement of profit or loss as loss on disposal of subsidiary.”
• “On 31 December 2024, Pay Technologies (CY) Ltd converted the outstanding debt owed to the Company through the issuance and allotment of 1,300,000 new ordinary shares of EUR1 each.”
• “During the year, a claim was filed against the Company and a number of other parties. The Company is receiving legal advice and considers the case to be without merit.”

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

Filings

3

last 12 months

Capital events

1

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.

• Turnover

  +242.5%

  £449,168 → £1,538,212

• Cash

  +473.4%

  £96,078 → £550,890

• Net assets

  +34.2%

  £14,225,423 → £19,086,450

• Employees

  +16.7%

  6 → 7

• Operating profit

  +93.4%

  -£3,837,318 → -£253,070

• Profit before tax

  +56.7%

  -£3,964,214 → -£1,717,217

• Wages

  +35.6%

  £831,843 → £1,127,981

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