Qixpay Limited

Qixpay Ltd, based in Northampton, UK, is a small, active company founded 14 years ago. With five employees and £1,718,914 in assets, it operates from a real address and is managed by one director and owner. Its Google rating is a modest 1.0 based on a single review. The company is an irregular importer of electrical machinery and equipment, with just one month of imports recorded in 2022.

Qixpay's core business revolves around providing multichannel card acceptance solutions. Its website highlights a range of products, including countertop, portable, and mobile card machines, as well as cashless payment solutions for vending machines, EV charging stations, and other sectors. The company offers both standard merchant accounts and the option to bring your own, catering to various business needs. It also provides services like telephone payments and payment buttons for online stores. Qixpay emphasizes its commitment to providing fair and transparent rates, dedicated UK support, and a wide range of payment methods.

Financially, Qixpay Ltd’s recent performance shows some concerning trends. While current assets increased by 47% to £1.7 million, net losses deepened, and cash reserves dropped by 28% to £260,000. Trade debtors surged by 80% to £1.5 million, suggesting potential issues with customer payments. Bank borrowings also increased, reaching £29,000. Creditors, however, decreased by 63% to £19,000, indicating improved debt management. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decline in equity and cash reserves warrants attention. The accounts are unaudited, and no auditor is mentioned.

Overall, Qixpay Ltd appears to be facing financial pressures despite its focus on providing card acceptance solutions. The company’s ability to maintain its growth and profitability will depend on its ability to address these challenges and continue to provide value to its customers.

Registered in England/Wales under the registration number 07373435, with a registered address at NN3 6BW, England, Northampton, 1 Westleigh Office Park, Scirocco Close.

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