Company Overview
Payless Group Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 14 August 1996, so this is a well established company. Payless Group Limited has been in business for 29 years and 7 months. The accounts status is total exemption full and the accounts are next due on Friday 31 July 2026.
Registered Address

Unit Tg41-43, 1 The Grange Central Road, Morden, SM4 5PQ
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Companies House Data
Company NamePAYLESS GROUP LIMITED
Company Number03237853
Registered Office AddressUnit Tg41-43, 1 The Grange Central Road
 SM4 5PQ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date14/08/1996
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2026
Accounts Last Made Up Date31/10/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date01/12/2016
Returns Last Made Up Date03/11/2015
Previous Company NameChanged Date
PAYLESS SUPERMARKETS LIMITED11 Sep 2008
Directors & Members
Show Resigned
Iftikhar Ahmed - Director
(British, 59 years old, born November 1967)
Appointed 14 August 1998
 Active
Secretaries
Show Resigned
Parveen Ahmed - Secretary
(British)
Appointed 15 August 1998
 Active
Other Company Directorships
Iftikhar Ahmed
BARKING HEIGHTS LTD
BENSON HEIGHTS LTD
BLACK STONE CAPITAL LTD
CHL CAPITAL LTD
E Z HOMEWARE LIMITED
ETERNITY PARTNERSHIP LTD
FERRYTON BUILDERS LTD
HIGHBROW PROPERTIES LIMITED
LONDON CITY ASSETS LTD
LOW PRICE LIMITED
MARINA HEIGHTS LTD
MIDDLESEX ASSETS LTD
NEW HOLMES ESTATE LTD
PAYLESS SUPERMARKETS LIMITED
PTS FOUNDATION LTD
ROLLAST LIMITED
ROLLAST PROPERTIES LIMITED
SEVEN 11 EXPRESS LTD
SUPERWAY EXPRESS LTD
SUPERWAY SUPERMARKET LTD
Balance Sheet Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Balance Sheet
Fixed Assets 14,594,501 14,594,501 10,622,396
Current Assets 12,037,724 12,037,724 11,155,287
Creditors Due Within One Year 6,446,350 6,446,350 5,605,251
Working Cap 5,591,374 5,591,374 5,550,036
Total Assets Less Current Liabilities 20,185,875 20,185,875 16,172,432
Long-term Liabilities 20,185,873 20,185,873 16,172,430
Net Assets 2 2 2
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 2 2 2
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Tangible Fixed Assets - - -
Fixed Assets 54.8% 54.8% 48.8%
Stocks Inventory - - -
Debtors 38.7% 38.7% 45.9%
Cash Bank In Hand 6.5% 6.5% 5.3%
Current Assets 45.2% 45.2% 51.2%
Creditors Due Within One Year 24.2% 24.2% 25.7%
Net Current Assets Liabilities 21.0% 21.0% 25.5%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 0.0% 0.0% 0.0%
Capital Employed - - -
Total Assets Less Current Liabilities 75.8% 75.8% 74.3%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Liquidity Ratio 1.9 1.9 2.0
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 12
Mortgages Outstanding 7
Mortgages Part Satisfied 0
Mortgages Satisfied 5
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Assets 26,632,225 26,632,225 21,777,683
Debt 26,632,223 26,632,223 21,777,681
Net Assets/Debt 2 2 2

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around SM4 5PQ
No other companies found in the same location
Document Filings
Termination of appointment of Mahomed Erfan Abdul Gaffar as a secretary on 21 September 2025
Registered office address changed from 258-260 Clapham Road London SW9 9AE England to Unit Tg41-43, 1 the Grange Central Road Morden SM4 5PQ on 18 March 2026
Confirmation statement made on 21 September 2025 with no updates
Registered office address changed from C/O Danmirr Consultants 170 Church Road Mitcham Surrey CR4 3BW to 258-260 Clapham Road London SW9 9AE on 30 June 2025
Confirmation statement made on 21 September 2024 with no updates
Confirmation statement made on 21 September 2023 with no updates
Confirmation statement made on 21 September 2022 with no updates
Satisfaction of charge 9 in full
Satisfaction of charge 032378530011 in full
Confirmation statement made on 21 September 2021 with no updates
Registration of charge 032378530012, created on 1 October 2021
Confirmation statement made on 21 September 2020 with no updates
Registration of charge 032378530011, created on 21 November 2019
Confirmation statement made on 21 September 2019 with no updates
Confirmation statement made on 21 September 2018 with no updates
Confirmation statement made on 21 September 2017 with no updates
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