Company Overview
Simbapay Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 18 February 2013, so this is a well established company. Simbapay Ltd has been in business for 11 years and 3 months. The accounts status is total exemption full and the accounts are next due on Sunday 31 December 2023.
Registered Address

9Th Floor, 107 Cheapside, London, EC2V 6DN
Credit Reports Available

These credit rating reports are available now:


Credit Analysts Report
Get Report >>

Standard Credit Report
Get Report >>

Basic Credit Report
Get Report >>

24/7 credit rating data feed - no UK company credit reports are updated faster

Companies House Data
Company NameSIMBAPAY LTD
Company Number08407331
Registered Office Address9th Floor
 107 Cheapside
 EC2V 6DN
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date18/02/2013
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date31/12/2023
Accounts Last Made Up Date30/04/2022
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date18/03/2017
Returns Last Made Up Date18/02/2016
Directors & Members
Show Resigned
Nika Naghavi - Director
(British, 40 years old, born June 1984)
Director - Appointed 04 September 2023
 Active
Enoch Onyancha - Director
(Kenyan, 40 years old, born May 1984)
Banker - Appointed 20 August 2013
 Active
Sagini Onyancha - Director
(Kenyan, 47 years old, born April 1977)
Director - Appointed 24 August 2021
 Active
Frances Tyner - Director
(American, 32 years old, born February 1992)
Director - Appointed 04 September 2023
 Active
Secretaries
Show Resigned
Other Company Directorships
Nika Naghavi
No companies found
Enoch Onyancha
AFRICASIMBA PROOF SERVICES LIMITED
Sagini Onyancha
No companies found
Frances Tyner
No companies found
Balance Sheet Unlock full report
Accounts Date 30-Apr-2022 30-Apr-2021 30-Apr-2020
Balance Sheet
Fixed Assets 8,057 8,057 0
Current Assets 399,572 399,572 396,580
Creditors Due Within One Year 289,439 289,439 169,849
Working Cap 110,133 110,133 226,731
Total Assets Less Current Liabilities 118,190 118,190 226,731
Long-term Liabilities 0 0 0
Net Assets 118,190 118,190 226,731
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 118,190 118,190 226,731
Common Size Financial Analysis Unlock full report
Accounts Date 30-Apr-2022 30-Apr-2021 30-Apr-2020
Tangible Fixed Assets - - -
Fixed Assets 2.0% 2.0% 0.0%
Stocks Inventory - - -
Debtors 67.2% 67.2% 99.9%
Cash Bank In Hand 30.8% 30.8% 0.1%
Current Assets 98.0% 98.0% 100.0%
Creditors Due Within One Year 71.0% 71.0% 42.8%
Net Current Assets Liabilities 27.0% 27.0% 57.2%
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 29.0% 29.0% 57.2%
Capital Employed - - -
Total Assets Less Current Liabilities 29.0% 29.0% 57.2%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Apr-2022 30-Apr-2021 30-Apr-2020
Liquidity Ratio 1.4 1.4 2.3
Solvency Ratio 1.4 1.4 2.3
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-Apr-2022 30-Apr-2021 30-Apr-2020
Assets 407,629 407,629 396,580
Debt 289,439 289,439 169,849
Net Assets/Debt 118,190 118,190 226,731

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. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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.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. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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.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. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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
Other Business around EC2V 6DN
BEAR INSURANCE BROKERS LTD.
SUITE 17, 107 CHEAPSIDE, LONDON, EC2V 6DN
NORTHERN STAR (HAMPTON GOLD MINING AREAS) LIMITED
Suite 31 Second Floor, 107 Cheapside, London, EC2V 6DN
ECHOBOX LTD
9TH FLOOR, 107 CHEAPSIDE, LONDON, EC2V 6DN
IMPORT.IO LIMITED
9th Floor 107 Cheapside, London, EC2V 6DN
SPEAKEASY TECH UK LIMITED
9th Floor 107 Cheapside, London, EC2V 6DN
REQUESTEC SAYPAGE LIMITED
9th Floor 107 Cheapside, London, EC2V 6DN
ENTERNSHIPS LIMITED
MAZARS, 30 OLD BAILEY, LONDON, EC2V 6DN
KINDLEWORTH LLP
90 BARTHOLOMEW CLOSE, LONDON, EC2V 6DN
APPSUMER LTD
9th Floor 107 Cheapside, London, EC2V 6DN
SIA GROUP (UK) LIMITED
107 Cheapside, London, EC2V 6DN
Document Filings
Second filing of a statement of capital following an allotment of shares on 9 December 2022
Confirmation statement made on 28 February 2024 with updates
Statement of capital following an allotment of shares on 9 December 2022
Resolutions
Notification of Onafriq Uk Limited as a person with significant control on 21 February 2024
Cessation of Onafriq Uk Holdings Limited as a person with significant control on 21 February 2024
Change of details for Mfs Africa Uk Holdings Limited as a person with significant control on 1 November 2023
Notice of agreement to exemption from audit of accounts for period ending 31/12/22
Audit exemption statement of guarantee by parent company for period ending 31/12/22
Previous accounting period shortened from 30 April 2023 to 31 December 2022
Appointment of Frances Tyner as a director on 4 September 2023
Appointment of Nika Naghavi as a director on 4 September 2023
Confirmation statement made on 1 August 2023 with updates
Resolutions
Statement of capital following an allotment of shares on 1 May 2020
Termination of appointment of Yesse Oenga as a director on 28 April 2023
Termination of appointment of Ngozi Pascal Dozie as a director on 28 April 2023
Termination of appointment of Gabriel Negatu as a director on 28 April 2023
Confirmation statement made on 18 February 2023 with no updates
Notification of Mfs Africa Uk Holdings Limited as a person with significant control on 9 December 2022
Cessation of Sagini Onyancha as a person with significant control on 9 December 2022
Confirmation statement made on 18 February 2022 with updates
Director's details changed for Mr Ngozi Pascal Dozie on 23 March 2021
Terms and Conditions Cancellations Contact Us

In using this service you agree to the Terms and Conditions

© 2024 Check Free