{"name":"PAYCASSO VERIFY LIMITED","company_number":"08057477","status":"Active","type":"Private Limited Company","incorporated":"2012-05-04","dissolved":null,"registered_office":"Harben House Harben Parade, Finchley Road, London, United Kingdom, NW3 6LH","postcode":"NW3 6LH","sic_codes":[{"code":62090,"description":"Other information technology service activities"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"30 May","last_made_up_to":"2025-05-31","next_due":"2027-02-28"},"employees":{"count":12,"accounts_date":"2025-05-31"},"financials":[{"financial_date":"2025-05-31","net_assets":-571531,"cash":34153,"average_employees":12},{"financial_date":"2024-05-31","net_assets":-1401903,"cash":6,"average_employees":22},{"financial_date":"2023-05-31","net_assets":1762496,"cash":918},{"financial_date":"2022-05-31","net_assets":4935258,"cash":1997276},{"financial_date":"2021-05-31","net_assets":2457372,"cash":5162590}],"officers":{"current":2,"resigned":14,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Paycasso Verify Limited (trading as Xydus) operates in the structurally growing UK RegTech/digital identity verification sector but exhibits severe financial distress that places it well below industry norms — with negative shareholder funds of £11.7M, near-depleted cash reserves, and a balance sheet only salvaged by post-year-end debt-to-equity conversion. Despite favourable market tailwinds from AML regulation, the Online Safety Act, and fraud concerns, the company appears to be a sub-scale, capital-constrained niche player unable to compete effectively with well-funded sector leaders like Onfido, Jumio, or Veriff, and faces existential questions about its path to sustainable scale. The combination of a recent rebrand, CEO/director turnover, and reliance on continuous recapitalization suggests the company is in a critical restructuring phase where its long-term competitive viability remains uncertain.","website":"http://www.paycassoverify.com","links":{"page":"https://www.companiesintheuk.co.uk/ltd/paycasso-verify","people":"https://www.companiesintheuk.co.uk/company/paycasso-verify/people","filing_history":"https://www.companiesintheuk.co.uk/company/paycasso-verify/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/08057477","financials":"https://www.companiesintheuk.co.uk/company/paycasso-verify/financial","control":"https://www.companiesintheuk.co.uk/company/paycasso-verify/control","charges":"https://www.companiesintheuk.co.uk/company/paycasso-verify/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/paycasso-verify/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/paycasso-verify"}