Premium Payroll Solutions Limited
Registered name: PREMIUM PAYROLL SOLUTIONS LIMITED
Premium Payroll Solutions Limited made £17.9m revenue and £82.5k profit in the year to 31 Aug 2025. read from filing text
Premium Payroll Solutions Limited’s revenue grew 13% to £17.9m in the year to 31 Aug 2025, with £82.5k profit and 158 employees. The company is classified under “other education” and is based in Oldham; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Oldham, North West
- Age
- 11 yrs · since 2015
- 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 | 31 Aug 2022 | 31 Aug 2023 | 31 Aug 2024 | 31 Aug 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £23.4m | £15.5m | £15.9m | £17.9m |
| Cost of sales | £22.8m | £15m | £15.5m | £17.6m |
| Gross profit | £647k | £441k | £441k | £293k |
| Operating profit | £341k | £129k | £181k | £115k |
| Profit before tax | £353k | £126k | £174k | £110k |
| Profit after tax | £284k | £96.2k | £130k | £82.5k |
| Profit (best available) | £284k | £96.2k | £130k | £82.5k |
| Staff costs | £22.8m | £15m | £15.5m | £17.6m |
| Employees (average) | 179 | 149 | 136 | 158 |
| Ratios | ||||
| Profit margin | 1.2% | 0.6% | 0.8% | 0.5% |
| Gross margin | 2.8% | 2.9% | 2.8% | 1.6% |
| Revenue per employee | £131k | £104k | £117k | £113k |
| Profit per employee | £1.6k | £646 | £953 | £522 |
| Cash conversion | −229.2% | 271.6% | −181.2% | −157.8% |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲2.7% | ▲12.7% |
| Profit growth | — | — | ▲34.7% | ▼36.3% |
| Headcount growth | — | — | ▼8.7% | ▲16.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £739k | £188k | £244k | £95.3k |
| Net assets | £499k | £595k | £725k | £807k |
| Current assets | £2.1m | £1.9m | £1.8m | £1.8m |
| Debtors | £1.4m | £1.7m | £1.5m | £1.7m |
| Deferred income | £1.9k | £10.4k | £10.6k | £11.3k |
| Cash from operations | −£782k | £351k | −£328k | −£181k |
| Source | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 0.5%
- Profit ÷ revenue.
- Gross margin
- 1.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £113k
- Revenue ÷ average employees.
- Profit per employee
- £522
- Profit ÷ average employees.
- Cash conversion
- −157.8%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 9.6%
- 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
- ▲11%
- Now £807k
- Cash at bank
- ▼61%
- Now £95.3k
- Headcount
- ▲16%
- Now 158
- Deferred income
- ▲7%
- Now £11.3k
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
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- Profit
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- Staff
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- The Construction Skills People LtdChesterfield · Other education n.e.c.
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- Access Training (Wales) LimitedSwansea · Other education n.e.c.
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- Profit
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- Skillcast Group PLCLondon · Other education n.e.c.
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Sources
Latest figures from FullAccounts for the year to 31 Aug 2025 (profit £82.5k), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.
Updated from Companies House on 13 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.