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Company No. 02973115 · Incorporated 3 Oct 1994

Paypoint Network Limited

Registered name: PAYPOINT NETWORK LIMITED

Part of Paypoint PLC group

Paypoint Network Limited made £76.4m revenue and £9.3m profit in the year to 31 Mar 2024.

Paypoint Network Limited’s revenue grew 1% to £76.4m in the year to 31 Mar 2024, with £9.3m profit and 533 employees. The company is classified under “other business support service activities” and is based in Welwyn Garden City; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.
Status
Active
Location
Welwyn Garden City, East of England
Age
32 yrs · since 1994
Type
Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “PayPoint plc”

Latest accounts · year to 31 Mar 2024

Key figures

Revenue
£76.4m
Growth ▲1.1%
Profit
£9.3m
Growth ▼5.2%
Profit margin
12.1%
Gross 58.4%
Employees
533
Change ▲13.9%
Profit / employee
£17.4k
Revenue/employee £143k
Profitable streak
3yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202231 Mar 202331 Mar 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£65.4m£75.6m£76.4m
Cost of sales£22.3m£32.8m£31.8m
Gross profit£43.1m£42.8m£44.6m
Operating profit£12.3m£12.3m£12.3m
Profit before tax£11.5m£11.7m£12.3m
Profit after tax£11.4m£9.8m£9.3m
Profit (best available)£11.4m£9.8m£9.3m
Staff costs£23.2m£22.6m£24.5m
Employees (average)450468533
Ratios
Profit margin17.5%12.9%12.1%
Gross margin65.8%56.6%58.4%
Revenue per employee£145k£161k£143k
Profit per employee£25.4k£20.9k£17.4k
Growth (year on year)
Revenue growth—▲15.5%▲1.1%
Profit growth—▼14.5%▼5.2%
Headcount growth—▲4%▲13.9%
Balance sheet — indirect signals, not revenue
Cash at bank£2.2m£232k£0
Net assets£9.8m£19.5m£28.8m
Fixed assets£25.8m£25.5m£24.6m
Current assets£21.3m£21.5m£29.1m
Debtors£5.5m£7.8m£12.8m
Deferred income£5.3m£4.3m£4.7m
SourceFullAccounts · bulk data Feb 2024FullAccounts · bulk data Feb 2024FullAccounts · bulk data Dec 2024
Derived from the latest filing

How the business works

Profit margin
12.1%
Profit ÷ revenue.
Gross margin
58.4%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£143k
Revenue ÷ average employees.
Profit per employee
£17.4k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
32.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
6.1%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
16.7%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
▲47%
Now £28.8m
Cash at bank
▼100%
Now £0
Headcount
▲14%
Now 533
Deferred income
▲10%
Now £4.7m
Fixed assets
▼4%
Now £24.6m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Paypoint PLCultimate parent75–100%
  2. Paypoint Network Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Sister companies (11)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £9.3m), from the Companies House accounts bulk data published Dec 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.