Company Overview
Select Payroll Solutions Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 15 May 2008, so this is a well established company. Select Payroll Solutions Limited has been in business for 17 years and 11 months. The accounts status is audit exemption subsidiary and the accounts are next due on Tuesday 30 December 2025.
Registered Address

71-75 Shelton Street, Covent Garden, London, WC2H 9JQ
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Companies House Data
Company NameSELECT PAYROLL SOLUTIONS LIMITED
Company Number06594724
Registered Office Address71-75 Shelton Street
 Covent Garden
 WC2H 9JQ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date15/05/2008
Accounting Reference Date Day30
Accounting Reference Date Month3
Accounts Next Due Date30/03/2026
Accounts Last Made Up Date30/03/2024
Accounts Account CategoryAUDIT EXEMPTION SUBSIDIARY
Returns Next Due Date12/06/2017
Returns Last Made Up Date15/05/2016
Previous Company NameChanged Date
PAY DAYS UK LIMITED14 Feb 2012
Directors & Members
Show Resigned
Bryan Davies - Director
(British, 63 years old, born August 1963)
Appointed 01 September 2022
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Bryan Davies
COMPANDBEN INTERNATIONAL LTD
EBS HOLDINGS LIMITED
EPSILON BUSINESS SERVICES LIMITED
PRACTICAL PAYROLL SOLUTIONS LIMITED
TOPSOURCE WORLDWIDE (PEO) LTD
TOPSOURCE WORLDWIDE (UK) LTD
TOPSOURCE WORLDWIDE GROUP LIMITED
Balance Sheet Unlock full report
Accounts Date 30-Mar-2024 31-May-2021 31-May-2020
Balance Sheet
Fixed Assets 7,006 7,006 4,591
Current Assets 27,433 27,433 33,860
Creditors Due Within One Year -20,055 -20,055 -25,236
Working Cap 47,488 47,488 59,096
Total Assets Less Current Liabilities 54,494 54,494 63,687
Long-term Liabilities - - -
Net Assets - - -
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds - - -
Common Size Financial Analysis Unlock full report
Accounts Date 30-Mar-2024 31-May-2021 31-May-2020
Tangible Fixed Assets - - -
Fixed Assets 20.3% 20.3% 11.9%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 79.7% 79.7% 88.1%
Creditors Due Within One Year -58.2% -58.2% -65.6%
Net Current Assets Liabilities 137.9% 137.9% 153.7%
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 - - -
Capital Employed - - -
Total Assets Less Current Liabilities 158.2% 158.2% 165.6%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Mar-2024 31-May-2021 31-May-2020
Liquidity Ratio -1.4 -1.4 -1.3
Solvency Ratio - - -
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 30-Mar-2024 31-May-2021 31-May-2020
Assets 34,439 34,439 38,451
Debt - - -
Net Assets/Debt - - -

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.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

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.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   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.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

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
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Document Filings
Notice of agreement to exemption from audit of accounts for period ending 30/03/25
Termination of appointment of Ian David Larkin as a director on 31 March 2026
Audit exemption statement of guarantee by parent company for period ending 30/03/25
Confirmation statement made on 10 November 2025 with no updates
Consolidated accounts of parent company for subsidiary company period ending 30/03/24
Audit exemption statement of guarantee by parent company for period ending 30/03/24
Notice of agreement to exemption from audit of accounts for period ending 30/03/24
Notice of agreement to exemption from audit of accounts for period ending 31/03/24
Previous accounting period shortened from 31 March 2024 to 30 March 2024
Confirmation statement made on 10 November 2024 with no updates
Appointment of Mr. Ian David Larkin as a director on 22 July 2024
Termination of appointment of Nicholas Paul Wain as a director on 22 July 2024
Director's details changed for Mr Nicholas Paul Wain on 23 January 2024
Director's details changed for Mr Bryan Nicholas Davies on 23 January 2024
Consolidated accounts of parent company for subsidiary company period ending 31/03/23
Audit exemption statement of guarantee by parent company for period ending 31/03/23
Notice of agreement to exemption from audit of accounts for period ending 31/03/23
Confirmation statement made on 10 November 2023 with no updates
Registered office address changed from Pinewood Business Park Coleshill Road Marston Green Solihull, Birmingham B37 7HG England to 71-75 Shelton Street Covent Garden London WC2H 9JQ on 20 October 2023
Termination of appointment of Dawn Wade as a director on 5 June 2023
Consolidated accounts of parent company for subsidiary company period ending 31/03/22
Audit exemption statement of guarantee by parent company for period ending 31/03/22
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