Company Overview
Workpays Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 24 September 2010, so this is a well established company. Workpays Limited has been in business for 15 years and 6 months. The accounts status is small and the accounts are next due on Friday 31 July 2026.
Registered Address

Springwell House, Newbold Road, Chesterfield, S41 7PS
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Companies House Data
Company NameWORKPAYS LIMITED
Company Number07387325
Registered Office AddressSpringwell House
 Newbold Road
 S41 7PS
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date24/09/2010
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2026
Accounts Last Made Up Date31/10/2024
Accounts Account CategorySMALL
Returns Next Due Date29/11/2016
Returns Last Made Up Date01/11/2015
Directors & Members
Show Resigned
Alexander Glasner - Director
(British, 38 years old, born May 1988)
Appointed 14 September 2021
 Active
Anne Wright - Director
(British, 64 years old, born January 1962)
Appointed 01 November 2015
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Alexander Glasner
CONISTON PEAK (WP) LIMITED
CONISTON PEAK LIMITED
HIGHBEAM PROPERTIES LIMITED
WP TRAINING LIMITED
Anne Wright
COMMUNITY SPARKLE CIC
EM+ LTD
GORGEOUSU.CO.UK LIMITED
LEICESTERSHIRE TRAINING PROVIDERS LIMITED
WP TRAINING LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Balance Sheet
Fixed Assets 77,981 77,981 102,463
Current Assets 3,005,570 3,005,570 3,104,281
Creditors Due Within One Year 1,359,039 1,359,039 1,499,807
Working Cap 1,646,531 1,646,531 1,604,474
Total Assets Less Current Liabilities 1,724,512 1,724,512 1,706,937
Long-term Liabilities 14,817 14,817 19,468
Net Assets 1,709,695 1,709,695 1,687,469
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 1,709,695 1,709,695 1,687,469
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Tangible Fixed Assets - - -
Fixed Assets 2.5% 2.5% 3.2%
Stocks Inventory - - -
Debtors 61.7% 61.7% 57.9%
Cash Bank In Hand 35.7% 35.7% 39.0%
Current Assets 97.5% 97.5% 96.8%
Creditors Due Within One Year 44.1% 44.1% 46.8%
Net Current Assets Liabilities 53.4% 53.4% 50.0%
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 55.4% 55.4% 52.6%
Capital Employed - - -
Total Assets Less Current Liabilities 55.9% 55.9% 53.2%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Liquidity Ratio 2.2 2.2 2.1
Solvency Ratio 2.2 2.2 2.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 6
Mortgages Outstanding 3
Mortgages Part Satisfied 0
Mortgages Satisfied 3
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Assets 3,083,551 3,083,551 3,206,744
Debt 1,373,856 1,373,856 1,519,275
Net Assets/Debt 1,709,695 1,709,695 1,687,469

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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for 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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for 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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for 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
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Document Filings
Satisfaction of charge 073873250002 in full
Satisfaction of charge 073873250004 in full
Registered office address changed from Springwell House Newbold Road Chesterfield S41 7PS England to Floors 1 and 2 4 Babington Lane Derby Derbyshire DE1 1SU on 23 October 2025
Confirmation statement made on 14 September 2025 with updates
Director's details changed for Mr Alexander James Glasner on 11 September 2025
Director's details changed for Mrs Anne Wright on 11 September 2025
Registration of charge 073873250006, created on 27 August 2025
Registration of charge 073873250005, created on 4 June 2025
Confirmation statement made on 14 September 2024 with updates
Confirmation statement made on 14 September 2023 with no updates
Confirmation statement made on 14 September 2022 with no updates
Registration of charge 073873250004, created on 12 October 2021
Satisfaction of charge 073873250003 in full
Registration of charge 073873250003, created on 14 September 2021
Confirmation statement made on 14 September 2021 with updates
Notification of Coniston Peak (Wp) Limited as a person with significant control on 14 September 2021
Cessation of Helen Kathryn Richardson as a person with significant control on 14 September 2021
Cessation of Andrew Richardson as a person with significant control on 14 September 2021
Termination of appointment of Andrew Richardson as a director on 14 September 2021
Termination of appointment of Helen Kathryn Richardson as a director on 14 September 2021
Appointment of Alexander James Glasner as a director on 14 September 2021
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