Pound & Penny Ltd

Pound & Penny Ltd, based in Manchester, UK, is a small, active company founded two years ago. With £764 in assets and a real address, it’s a solo-founder operation led by one director and owner, Khan Waqas. The company operates in the retail sale via mail order houses or via internet industries, offering payroll services to businesses.

The website, Pounds Pennies, clearly positions itself as a payroll specialist. It offers a complete service, from initial setup to RTI submissions and BACS payments, targeting employers seeking to outsource their payroll management. The site emphasizes ease of use, security, and fixed pricing, and even includes testimonials from satisfied clients. It’s definitely an e-commerce business, focused on selling payroll management services rather than physical products.

Financially, Pound & Penny Ltd presents a mixed picture. While the company’s small size (meeting two of three criteria for a small company) allows for agility, the figures suggest it's struggling. Current assets remain low at £760, and net equity sits at a negative -£310. Bank borrowings are minimal, but creditors have remained steady at £1,300. The lack of employees (zero reported) points to a lean operation, but the negative equity raises concerns about its long-term viability. With no auditor mentioned, the figures are unaudited, and it's difficult to determine the full extent of the financial situation. The company’s reliance on retained earnings and accumulated losses is a bit worrying, but it’s possible that this is a common situation for a young business.

Registered in England/Wales under the registration number 14213236, with a registered address at M19 1JL, England, Manchester, 7 Pinner Place.

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