Company Overview
Mi-Pay Group Plc is listed at the official companies registry as Active Public Limited Company. The company was incorporated on Thursday 01 September 2005, so this is a well established company. Mi-Pay Group Plc has been in business for 18 years and 9 months. The accounts status is group and the accounts are next due on Wednesday 30 September 2020.
Registered Address

Seal House, 56 London Road, Bagshot, Surrey, GU19 5HL
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Companies House Data
Company NameMI-PAY GROUP PLC
Company Number05550853
Registered Office AddressSeal House
 56 London Road
 GU19 5HL
Company CategoryPublic Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date01/09/2005
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2020
Accounts Last Made Up Date31/12/2018
Accounts Account CategoryGROUP
Returns Next Due Date29/09/2016
Returns Last Made Up Date01/09/2015
Previous Company NameChanged Date
AIMSHELL ACQUISITIONS PLC28 Apr 2014
AUTOCLENZ HOLDINGS PLC30 Nov 2012
PIMCO 2345 LIMITED27 Oct 2005
Directors & Members
Show Resigned
John Beale - Director
(British, 50 years old, born September 1974)
None - Appointed 29 April 2014
 Active
Michael Dickerson - Director
(Danish, 58 years old, born December 1966)
None - Appointed 29 April 2014
 Active
Hubertus Sparnaaij - Director
(Dutch, 55 years old, born October 1969)
Ceo, Alphacomm B.V. - Appointed 18 December 2018
 Active
Secretaries
Show Resigned
John Beale - Secretary
Appointed 29 April 2014
 Active
Other Company Directorships
John Beale
DIGITAL PAYMENTS LIMITED
DUNCARY 79 LIMITED
DUNCARY 80 LIMITED
EVOLUTION MOBILE LTD
EVOLUTION VOICE & DATA LIMITED
IPITOMI LIMITED
MI-PAY LIMITED
NEWBURN CONSULTING LIMITED
NIU LIMITED
NIU SOLUTIONS LIMITED
R G T LIMITED
Michael Dickerson
No companies found
Hubertus Sparnaaij
MI-PAY LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2014 31-Dec-2013
Balance Sheet
Fixed Assets 310,281 310,281 482,816
Current Assets 3,101,174 3,101,174 2,369,049
Creditors Due Within One Year 2,702,010 2,702,010 3,316,250
Working Cap 399,164 399,164 -947,201
Total Assets Less Current Liabilities 709,445 709,445 -464,385
Long-term Liabilities 165,000 165,000 1,276,247
Net Assets 544,445 544,445 -1,740,632
Share Capital & Reserves
Share Cap 3,398,453 3,398,453 586,523
Profit & Loss Reserves -17,399,582 -17,399,582 -13,306,991
Other Reserves 14,545,574 14,545,574 10,979,836
Shareholders Funds 544,445 544,445 -1,740,632
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2014 31-Dec-2013
Tangible Fixed Assets - - -
Fixed Assets 9.1% 9.1% 16.9%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 0.0% 0.0% 0.0%
Cash Bank In Hand 58.7% 58.7% 33.5%
Current Assets 90.9% 90.9% 83.1%
Creditors Due Within One Year 79.2% 79.2% 116.3%
Net Current Assets Liabilities 11.7% 11.7% -33.2%
Creditors Due After One Year 4.8% 4.8% 44.8%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 16.0% 16.0% -61.0%
Called Up Share Capital 99.6% 99.6% 20.6%
Share Capital Allotted Called Up Paid 99.6% 99.6% 20.6%
Profit Loss Account Reserve -510.0% -510.0% -466.6%
Shareholder Funds 16.0% 16.0% -61.0%
Capital Employed - - -
Total Assets Less Current Liabilities 20.8% 20.8% -16.3%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2014 31-Dec-2013
Liquidity Ratio 1.1 1.1 0.7
Solvency Ratio 1.2 1.2 0.6
Reserves to Assets -5.1 -5.1 -4.7
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2014 31-Dec-2013
Assets 3,411,455 3,411,455 2,851,865
Debt 2,867,010 2,867,010 4,592,497
Net Assets/Debt 544,445 544,445 -1,740,632

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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.

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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.   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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.

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 GU19 5HL
NIU SOLUTIONS LIMITED
Lynton House, Tavistock Square, London, GU19 5HL
MI-PAY LIMITED
Seal House, 56 London Road, Bagshot, Surrey, GU19 5HL
NIU SOLUTIONS HOLDINGS LIMITED
56 London Road, Bagshot, Surrey, GU19 5HL
ARGILITY UK LIMITED
2nd Floor Seal House, 56 London Road, Bagshot, Surrey, GU19 5HL
Document Filings
Final Gazette dissolved following liquidation
Return of final meeting in a Members' voluntary winding up
Liquidators' statement of receipts and payments to 3 February 2021
Termination of appointment of Seamus Declan Keating as a director on 30 March 2020
Termination of appointment of Edward William Anthony Lascelles as a director on 30 March 2020
Registered office address changed from 30 Crown Place Earl Street London EC2A 4ES United Kingdom to 5th Floor Grove House 248a Marylebone Road London NW1 6BB on 13 February 2020
Declaration of solvency
Appointment of a voluntary liquidator
Resolutions
Resolutions
Termination of appointment of Allen William Atwell as a director on 5 December 2019
Confirmation statement made on 1 September 2019 with updates
Resolutions
Appointment of Hubertus Franciscus Sparnaaij as a director on 18 December 2018
Confirmation statement made on 1 September 2018 with updates
Registered office address changed from Seal House 56 London Road Bagshot Surrey GU19 5HL United Kingdom to 30 Crown Place Earl Street London EC2A 4ES on 1 August 2018
Resolutions
Statement of capital following an allotment of shares on 1 March 2018
Termination of appointment of Michael Stone as a director on 15 May 2017
Confirmation statement made on 1 September 2017 with updates
Resolutions
Confirmation statement made on 1 September 2016 with updates
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