How much does Fair Pay Services Limited make?

Fair Pay Services Limited reported revenue of £32.4m and £144k profit in the year to 29 Jun 2024, according to its accounts filed at Companies House.

How many employees does Fair Pay Services Limited have?

Fair Pay Services Limited reported an average of 2,301 employees in the year to 29 Jun 2024.

Is Fair Pay Services Limited profitable?

Yes — Fair Pay Services Limited reported a profit of £144k in the year to 29 Jun 2024.

Company No. 11754947 · Incorporated 8 Jan 2019

Fair Pay Services Limited

Registered name: FAIR PAY SERVICES LIMITED

Part of Liam Mulligan Limited group

Fair Pay Services Limited made £32.4m revenue and £144k profit in the year to 29 Jun 2024.

Fair Pay Services Limited’s revenue grew 86% to £32.4m in the year to 29 Jun 2024, with £144k profit and 2,301 employees. The company is classified under “other business support service activities” and is based in Buckingham; 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: Liquidation
Location: Buckingham, South East
Age: 7 yrs · since 2019
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.

Latest accounts · year to 29 Jun 2024

Key figures

Capital-lightOperating leverageCash flow filed

Revenue

£32.4m

Growth ▲85.5%

Profit

£144k

Growth ▲4643%

Profit margin

0.4%

Gross 3.9%

Employees

2,301

Change ▲173.6%

Profit / employee

£63

Revenue/employee £14.1k

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 to	30 Jun 2022	30 Jun 2023	29 Jun 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£12.3m	£17.5m	£32.4m
Cost of sales	£12.2m	£17.3m	£31.1m
Gross profit	£113k	£157k	£1.3m
Operating profit	−£1.5k	−£7.2k	£306k
Profit before tax	−£2.6k	£3k	£196k
Profit after tax	£4k	£3k	£144k
Profit (best available)	£4k	£3k	£144k
Staff costs	£11.4m	£16.7m	£29m
Employees (average)	757	841	2,301
Ratios
Profit margin	0%	0%	0.4%
Gross margin	0.9%	0.9%	3.9%
Revenue per employee	£16.2k	£20.8k	£14.1k
Profit per employee	£5	£4	£63
Cash conversion	—	—	687.8%
Growth (year on year)
Revenue growth	—	▲42.2%	▲85.5%
Profit growth	—	▼24.1%	▲4643%
Headcount growth	—	▲11.1%	▲173.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£762k	£342k	£1.7m
Net assets	£7.9k	£10.9k	£316k
Fixed assets	£44.2k	£53k	£562k
Current assets	£763k	£342k	£4.7m
Debtors	−£117k	−£603k	£2.2m
Cash from operations	−£411k	£513k	£2.1m
Source	Accounts · bulk data Jan 2024	Accounts · bulk data Jan 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: 0.4%; Profit ÷ revenue.
Gross margin: 3.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £14.1k; Revenue ÷ average employees.
Profit per employee: £63; Profit ÷ average employees.
Cash conversion: 687.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.9%; 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: ▲2794%; Now £316k
Cash at bank: ▲400%; Now £1.7m
Headcount: ▲174%; Now 2,301
Deferred income: —; Now —
Fixed assets: ▲961%; Now £562k

Corporate ownership

Group structure

Ownership chain

Liam Mulligan Limitedultimate parent75–100%
Fair Pay Services Limitedthis company

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

Subsidiaries (1)

GWPP LtdLiquidationFigures not disclosed

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 29 Jun 2024 (profit £144k), from the Companies House accounts bulk data published Oct 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.