Mypay Limited
Registered name: MYPAY LIMITED
Mypay Limited made £44.2m revenue and £52.9k profit in the year to 30 Nov 2024.
Mypay Limited’s revenue fell 11% to £44.2m in the year to 30 Nov 2024, with £52.9k profit and 756 employees. The company is classified under “other business support service activities” and is based in Cheadle; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Cheadle, North West
- Age
- 18 yrs · since 2007
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Nov 2022 | 30 Nov 2023 | 30 Nov 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £53.4m | £49.7m | £44.2m |
| Cost of sales | £52.2m | £48.6m | £43.2m |
| Gross profit | £1.2m | £1.1m | £1.1m |
| Operating profit | £389k | £281k | £34k |
| Profit before tax | £394k | £306k | £73.5k |
| Profit after tax | £318k | £233k | £52.9k |
| Profit (best available) | £318k | £233k | £52.9k |
| Staff costs | £52.4m | £48.8m | £43.6m |
| Employees (average) | 886 | 830 | 756 |
| Ratios | |||
| Profit margin | 0.6% | 0.5% | 0.1% |
| Gross margin | 2.2% | 2.2% | 2.4% |
| Revenue per employee | £60.3k | £59.9k | £58.5k |
| Profit per employee | £359 | £281 | £70 |
| Cash conversion | 121.4% | −42.4% | −101.7% |
| Growth (year on year) | |||
| Revenue growth | — | ▼6.9% | ▼11.1% |
| Profit growth | — | ▼26.7% | ▼77.3% |
| Headcount growth | — | ▼6.3% | ▼8.9% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £2.9m | £2.3m | £2.2m |
| Net assets | £297k | £139k | £70.5k |
| Fixed assets | £58 | £43 | £33 |
| Current assets | £3.5m | £3.1m | £2.7m |
| Debtors | £515k | £694k | £454k |
| Deferred income | £6.7k | £7.5k | — |
| Cash from operations | £472k | −£119k | −£34.5k |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 | Reports and Financial Statements · bulk data Aug 2025 |
How the business works
- Profit margin
- 0.1%
- Profit ÷ revenue.
- Gross margin
- 2.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £58.5k
- Revenue ÷ average employees.
- Profit per employee
- £70
- Profit ÷ average employees.
- Cash conversion
- −101.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1%
- Money owed by customers. Low = customers pay quickly.
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
- ▼49%
- Now £70.5k
- Cash at bank
- ▼5%
- Now £2.2m
- Headcount
- ▼9%
- Now 756
- Deferred income
- —
- Now —
- Fixed assets
- ▼23%
- Now £33
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Sources
Latest figures from Reports and Financial Statements for the year to 30 Nov 2024 (profit £52.9k), from the Companies House accounts bulk data published Aug 2025. 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.