UK Companies House feature
PAYALLY LIMITED
Cash
£36M
+120.2% vs 2021
Net assets
£2M
+135.9% vs 2021
Employees
12
+200% vs 2021
Profit before tax
£1M
+229.8% vs 2021
Profile
- Company number
- 10600055
- Status
- Active
- Incorporation
- 2017-02-03
- Last accounts made up
- 2023-12-31
- Account category
- FULL
- Primary SIC
- 62012
Net assets
3-year trend · vs UK AI & Enterprise SaaS median
Accounts
3-year trend · latest 2021-12-31
| Metric | Trend | 2020-03-01 | 2021-02-28 | 2021-12-31 |
|---|---|---|---|---|
| Turnover | — | £2,248,280 | £4,627,623 | |
| Operating profit | — | £412,731 | £1,426,880 | |
| Profit before tax | — | £432,526 | £1,426,383 | |
| Net profit | — | £359,082 | £1,145,625 | |
| Cash | £10,042,460 | £16,424,930 | £36,163,727 | |
| Total assets less current liabilities | — | £843,239 | £2,002,053 | |
| Net assets | — | £843,239 | £1,988,864 | |
| Equity | £484,157 | £843,239 | £1,988,864 | |
| Average employees | — | 4 | 12 | |
| Wages | — | £128,301 | £386,122 |
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
- Buzzacott Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 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.”
Significant events
- “When, during 2023, a review of our systems suggested that they had not kept up entirely with the relatively rapid expansion of the business, the company decided to stop onboarding new clients until all systems had been adequately upgraded. The company did this with the full approval of the FCA and have now been assured by a third-party audit that the systems are now perfectly adequate for a business of our size.”
- “The anticipated roll out of iOS and Android mobile PayAlly applications was completed in early 2023, as well as our payments ecosystem v1.0 offering to clients.”
- “the overall structure of the business will be reassessed and rather than PayAlly Limited being the lead organisation, it will become an important part of a group”
- “PayAlly Limited now has a sister company, PA West Services Ltd. regulated by the Canadian authorities.”
- “Restructuring, when fully planned, will be submitted for regulatory approval as necessary.”
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
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDZEJEVSKI, Rafal, Mr. | Director | 2017-02-03 | Sep 1988 | Lithuanian |
| FORD, Robert John, Mr. | Director | 2019-05-15 | Jan 1948 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALKUS, Ilja | Secretary | 2022-02-02 | 2022-10-27 |
| ROSENFELD, Hava | Secretary | 2025-02-18 | 2025-05-23 |
| APOCKINAS, Dmitrijus, Mr. | Director | 2017-02-03 | 2020-05-17 |
| IVANCHENKO, Maxim, Mr. | Director | 2017-02-03 | 2019-05-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Advapay Ou | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-02-03 | Ceased 2022-03-11 |
| Mr. Dmitrijus Apockinas | Individual | Shares 25–50%, Voting 25–50% | 2017-02-03 | Ceased 2021-11-27 |
| Andzejevski Holding Ou | Corporate entity | Shares 75–100%, Voting 25–50% | 2017-02-03 | Active |
Filing timeline
Last 20 of 50 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-14 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2026-03-13 | AA | accounts | accounts with accounts type full |
| 2025-05-27 | TM02 | officers | termination secretary company with name termination date |
| 2025-04-03 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-02-18 | AP03 | officers | appoint person secretary company with name date |
| 2024-12-19 | SH03 | capital | capital return purchase own shares treasury capital date |
| 2024-04-03 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-09-22 | AA | accounts | accounts with accounts type full |
| 2023-04-04 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-12-23 | AA | accounts | accounts with accounts type full |
| 2022-10-27 | TM02 | officers | termination secretary company with name termination date |
| 2022-03-22 | CS01 | confirmation-statement | confirmation statement with updates |
| 2022-03-11 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2022-03-11 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2022-02-02 | AP03 | officers | appoint person secretary company with name date |
| 2022-02-02 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2022-02-02 | CS01 | confirmation-statement | confirmation statement with updates |
| 2022-01-18 | CS01 | confirmation-statement | confirmation statement with updates |
| 2022-01-06 | AA | accounts | accounts with accounts type full |
| 2021-12-02 | RESOLUTIONS | resolution | resolution |
Credit score
Altman Z″ (private-firm) · reference 2021-12-31
0.59
DISTRESS
Altman Z″
- Working capital / Total assets 0.041 × 6.56 = +0.27
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.039 × 6.72 = +0.26
- Book equity / Total liabilities 0.057 × 1.05 = +0.06
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Composite activity score · components 0–100 · reference 2026-05-09
46.2
COOL
/ 100
- Filings velocity 25
- Capital events 20
- Officer churn 25
- Headcount trajectory 100
- Accounts trajectory 100
- 3 filing(s) in last 12 months
- 1 capital event(s) in last 24 months
- 0 appointed, 1 resigned (12mo)
- Employees +200% YoY
- Turnover +106% YoY