Glint Pay Services Ltd
Registered name: GLINT PAY SERVICES LTD
Part of Glint Pay Ltd groupGlint Pay Services Ltd made £125m revenue and £548k profit in the year to 31 Dec 2023. read from filing text
Glint Pay Services Ltd’s revenue grew 50% to £125m in the year to 31 Dec 2023, with £548k profit and 0 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 10 yrs · since 2016
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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: “The Company is a subsidiary undertaking of Glint Pay Ltd. There is no single ultimate controlling party.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £52.3m | £83.1m | £125m |
| Cost of sales | £52.3m | £82.4m | £123m |
| Gross profit | £2.1k | £628k | £1.4m |
| Operating profit | −£1.1m | −£1m | £482k |
| Profit before tax | −£1.1m | −£1m | £548k |
| Profit after tax | −£1.1m | −£1m | £548k |
| Profit (best available) | −£1.1m | −£1m | £548k |
| Employees (average) | — | 0 | 0 |
| Ratios | |||
| Profit margin | −2.1% | −1.3% | 0.4% |
| Gross margin | 0% | 0.8% | 1.1% |
| Growth (year on year) | |||
| Revenue growth | — | ▲58.8% | ▲50.1% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £2.2m | £3.7m | — |
| Net assets | −£505k | −£897k | £701k |
| Current assets | £4.9m | £8.4m | £6.7m |
| Debtors | £2.7m | £4.7m | — |
| Deferred income | £13.4k | £36.1k | £1.2k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 0.4%
- Profit ÷ revenue.
- Gross margin
- 1.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- 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%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now £701k
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 0
- Deferred income
- ▼97%
- Now £1.2k
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Glint Pay Ltdultimate parent75–100%
- Glint Pay Services Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Glint Pay UK LtdRev. £281k · Profit £20.4m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £548k), from the Companies House accounts bulk data published Sep 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.