Multipay Global Solutions Limited

Multipay Global Solutions Ltd, based in Cambridge, UK, is a small holding company with an active status, having been founded twelve years ago in 2013. The company employs twenty-one people and holds £2,610,177 in assets. It operates from a virtual address, a point of note as 105 companies are registered at the same location, and is managed by two directors and one owner. The company regularly imports electrical machinery and equipment, with five months of import activity recorded, the last operation taking place in March 2024.

Primarily, Multipay Global Solutions Ltd functions as a payment technology company, offering solutions for businesses to accept payments across various channels. Its website details a range of services, including face-to-face, alternative, online, and unified payment solutions. They target retail, hospitality, transportation, and travel industries, developing payment solutions to accelerate business growth. The company highlights its combined experience of over forty years in the payments industry and emphasizes its ability to offer a single API integration, supporting various payment methods and currencies. They even boast a silver award for Best B2B Customer Experience in Europe.

Financially, Multipay Global Solutions Ltd shows some concerning trends. Current assets have decreased by 11% to £2,600,000, while net assets have fallen by a significant 100% to -£980,000. Bank borrowings have increased by 74%, reaching £10,000, and cash reserves have fallen by 40%, sitting at £210,000. Trade debtors have plummeted by 44%, suggesting delayed payments, and creditors have increased by 5.5% to £3,600,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) does allow for agility, but the sharp decline in equity raises questions. As a small company, it’s likely exempt from an audit, so the figures rely on unaudited statements.

In short, Multipay Global Solutions Ltd is facing financial pressures, despite its strong position in the payment technology sector. The company’s focus on innovation and customer service is evident, but it will need to address its financial challenges to ensure long-term sustainability.

Registered in England/Wales under the registration number 08353577, with a registered address at PR1 3JJ, Preston, C/O Frp Advisory Trading Ltd, Derby House, 12, Winckley Square.

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