Payescape Ltd

Payescape Ltd is a small, active company based in Ballymoney, Northern Ireland, established ten years ago in 2014. The company, with 48 employees, holds £23,451,048 in assets and operates from a real address at 18-20 Church Street. It's managed by two directors and has three owners, although the list of owners may not be exhaustive. Payescape Ltd is an irregular importer, primarily dealing in clocks, watches, and their parts, with just one month of import activity recorded as of December 2016. The company operates within the financial intermediation not elsewhere classified industries.

The company's website is currently unavailable, making it difficult to determine the specifics of its online presence or e-commerce activities.

Financially, Payescape Ltd presents a mixed picture. While cash reserves decreased by 2.6% to £22 million, creditors also fell by 5.2% to £1.8 million. Trade debtors remained steady at £1.1 million. However, the most significant shift is the increase in average employees during the period, jumping 52% to 73—a considerable jump. Equity also saw a notable increase of 51%, reaching £1.3 million, which is a positive sign. Despite these improvements, net losses deepened, and bank borrowings surged. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in employees and the deepening losses suggest a need for careful management. No auditor is mentioned, indicating an exemption as a small company.

Registered in Northern Ireland under the registration number NI625726, with a registered address at BT53 6DL, Northern Ireland, Ballymoney, 18-20 Church Street.

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