Integrated International Payroll Limited

Integrated International Payroll Ltd, based in Cheltenham, UK, is a sizable company with a 21-year history, currently employing 120 people and holding assets of £22.8 million. It operates as a holding company with an active status, despite using a virtual address shared by 19 other businesses. The company is led by four directors and has one owner, and currently has a 3.0 Google rating based on 15 reviews. It's an irregular exporter, primarily dealing in machinery, boilers, and mechanical appliances, with its last export operation occurring two months ago.

The company’s website paints a picture of a global payroll solutions provider, targeting both small and enterprise clients. It emphasizes a technology-driven approach, offering services like real-time analytics, global payroll compliance, and employee self-service portals. The site highlights partnerships with various businesses, including reward and benefit specialists and companies in the power, renewable energy, and aerospace industries. It’s clear the focus is on streamlining payroll processes for international businesses, offering a single platform for global payroll management.

Financially, Integrated International Payroll Ltd presents a mixed picture. While assets remain substantial, several key metrics have shifted. Accrued liabilities and deferred income have increased by 28%, while deferred expenses decreased by 44%. There was a 33% increase in computer software amortisation, and a 48% increase in capitalised development expenditure. Bank borrowings surged by 100%, reaching £4 million, and cash reserves fell by 13% to £2.1 million. The company’s staff costs increased by 11% to £6.4 million. Despite these changes, the company reported a net loss of £3 million, a 16% increase from the previous year. The company’s auditor, Azets Audit Services, has not reported any issues.

The company’s growth investment strategy, with significant expenses, seems to be impacting its short-term profitability. The shift towards a more global focus, as evidenced by its website and services, suggests a long-term vision. While the virtual address raises some questions about its physical presence, the company’s focus on technology and partnerships indicates a modern, adaptable business model.

Registered in England/Wales under the registration number 04920388, with a registered address at GL50 3SH, England, Cheltenham, Festival House, Jessop Avenue.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.