Nexpay Merchant Services Limited in Plymouth, PL4 8JY

Description

Data updated on: 01-11-2023

Nexpay Merchant Services came into being in 2012 as a company enlisted under no 08310633, located at PL4 8JY Plymouth at Abacus House. The firm has been in business for 12 years and its last known status is active. The firm switched its registered name three times. Until 2020 it has been working on providing the services it specializes in as Virtue Group Eea but now it is featured under the business name Nexpay Merchant Services Limited. This company's declared SIC number is 96090 and their NACE code stands for Other service activities not elsewhere classified. Nexpay Merchant Services Ltd released its account information for the financial period up to 2023-03-31. Its most recent annual confirmation statement was submitted on 2023-09-20.

We have a single director currently supervising this particular firm, specifically Sebastian W. who's been doing the director's obligations for 12 years. Since 2020 Steven O., had been supervising this firm until the resignation three years ago. As a follow-up a different director, including Amy W. resigned on 2020/03/31.

Previous company's names
Nexpay Merchant Services Limited 2020-07-13
Virtue Group Eea Limited 2019-11-13
Nexpay Merchant Services Limited 2015-07-13
Payment Nexus Limited 2012-11-28

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	5 749	10 206	9 693	8 803	13 621	105 327	68 606
Current Assets	11 911	31 678	82 518	76 441	79 216	195 068	152 831
Debtors	6 162	21 472	72 825	67 638	64 595	89 454	83 991
Net Assets Liabilities	13 014	56 832	103 670	69 012	124 437	233 866	151 681
Other Debtors	5 438	14 909	29 593	46 514	48 628	68 998	67 012
Property Plant Equipment	109 441	170 435	219 550	264 603	241 328	194 289	140 376

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment	11 061	19 741	41 939	84 726	121 245	171 655	205 619
Administrative Expenses	132 213	139 818	302 680	395 181	357 536	214 076
Average Number Employees During Period		4	7	9	7	3	2
Bank Borrowings	24 598	19 438	43 272	48 331	49 473	16 856	14 847
Bank Borrowings Overdrafts	6 508	11 572	22 746	116 781	118 486	105 153	85 153
Comprehensive Income Expense	-52 976	43 818	46 838	-34 658	55 425	109 429
Cost Sales	7 480	26 812	64 170	91 394	63 723	61 687
Creditors	34 189	51 627	50 874	119 838	118 486	105 153	85 153
Finance Lease Liabilities Present Value Total			2 636	697	1 085
Gross Profit Loss	80 243	191 634	363 558	374 230	295 591	307 122
Increase From Depreciation Charge For Year Property Plant Equipment		8 680	22 198	43 310	43 271	54 999	50 330
Interest Payable Similar Charges Finance Costs	1 006	4 056	9 377	20 994	16 315	3 014
Issue Equity Instruments	250
Net Current Assets Liabilities	-62 238	-61 976	-65 006	-75 753	1 595	144 730	96 458
Number Shares Issued Fully Paid		125 000	125 000	125 000	125 000	125 000
Operating Profit Loss	-51 970	51 816	60 878	-20 951	71 294	126 742
Other Creditors	27 681	40 055	25 492	2 360	16 221	7 103	7 797
Other Taxation Social Security Payable	5 421	7 954	22 369	17 673	6 700	17 155	27 950
Par Value Share		0	0	0	0	0
Profit Loss	-52 976	43 818	46 838	-34 658	55 425	109 429
Profit Loss On Ordinary Activities Before Tax	-52 976	47 760	51 501	-41 945	55 425	123 016
Property Plant Equipment Gross Cost	120 502	190 176	261 489	349 329	362 573	365 944	345 995
Tax Tax Credit On Profit Or Loss On Ordinary Activities		3 942	4 663	-7 287		13 587
Total Additions Including From Business Combinations Property Plant Equipment		69 674	71 313	89 668	24 711	9 652	829
Total Assets Less Current Liabilities	47 203	108 459	154 544	188 850	242 923	339 019	236 834
Trade Creditors Trade Payables	8 825	26 308	26 018	14 636	4 142	9 224	2 720
Trade Debtors Trade Receivables	724	6 563	43 232	18 231	15 967	20 456	16 979
Turnover Revenue	87 723	218 446	427 728	465 624	359 314	368 809
Bank Overdrafts				31 231			3 059
Current Asset Investments					1 000	287	234
Disposals Decrease In Depreciation Impairment Property Plant Equipment				523	6 752	4 589	16 366
Disposals Property Plant Equipment				1 828	11 467	6 281	20 778
Other Interest Receivable Similar Income Finance Income					446
Other Operating Income Format1					133 239	33 696
Total Borrowings			43 272	79 562	49 473	16 856	17 906

People with significant control

Sebastian W. is the individual who controls this firm, owns over 3/4 of company shares and has 3/4 to full of voting rights.

Sebastian W.

Notified on 6 April 2016

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

Accounts Documents

Account next due date	31 December 2024
Account last made up date	31 March 2023
Confirmation statement next due date	04 October 2024
Confirmation statement last made up date	20 September 2023

Annual Accounts
Start Date For Period Covered By Report	01 April 2017
End Date For Period Covered By Report	31 March 2018
Annual Accounts
Start Date For Period Covered By Report	01 April 2018
End Date For Period Covered By Report	31 March 2019
Annual Accounts
Start Date For Period Covered By Report	01 April 2019
End Date For Period Covered By Report	31 March 2020
Annual Accounts
Start Date For Period Covered By Report	01 April 2020
End Date For Period Covered By Report	31 March 2021
Annual Accounts
Start Date For Period Covered By Report	01 April 2021
End Date For Period Covered By Report	31 March 2022
Annual Accounts
Start Date For Period Covered By Report	01 April 2022
End Date For Period Covered By Report	31 March 2023

Nexpay Merchant Services Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Sebastian W.

Steven O.

Amy W.

Robert M.

Luke R.

Sebastian W.

People with significant control

Sebastian W.

Accounts Documents

Company filings

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