{"name":"PAYME LTD","company_number":"07768985","status":"In Administration","type":"Private Limited Company","incorporated":"2011-09-09","dissolved":null,"registered_office":"C/O Quantuma Advisory Limited 7th Floor, 20 St Andrew Street, London, EC4A 3AG","postcode":"EC4A 3AG","sic_codes":[{"code":70229,"description":"Management consultancy activities other than financial management"},{"code":78200,"description":"Temporary employment agency activities"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Full","year_end":"31 March","last_made_up_to":"2024-03-31","next_due":"2025-12-31"},"employees":null,"financials":[{"financial_date":"2021-03-31","net_assets":421405,"cash":663705},{"financial_date":"2020-03-31","net_assets":128919,"cash":429217},{"financial_date":"2014-02-28","cash":936502},{"financial_date":"2013-02-28","cash":281237}],"officers":{"current":4,"resigned":2,"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":[{"date":"2025-07-14","kind":"insolvency"},{"date":"2025-06-27","kind":"insolvency"}],"insolvency_outcome":null,"ai_summary":"PAYME LTD presents a high-risk profile as it is currently undergoing Administration, superseding any historical financial performance. Although the company demonstrated strong revenue growth and achieved key industry accreditations in its 2021 filings, its business model was fundamentally fragile, operating on margins of roughly 2% and relying heavily on parent company support to meet liabilities. The transition to administration indicates that this group support was withdrawn or that operational cash flows collapsed. Any further engagement requires a thorough review of the administrator's proposals to assess the viability of purchasing the business or its assets out of insolvency.","website":"http://payme.co.uk","links":{"page":"https://www.companiesintheuk.co.uk/ltd/payme","people":"https://www.companiesintheuk.co.uk/company/payme/people","filing_history":"https://www.companiesintheuk.co.uk/company/payme/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/07768985","financials":"https://www.companiesintheuk.co.uk/company/payme/financial","gazette":"https://www.companiesintheuk.co.uk/company/payme/gazette","control":"https://www.companiesintheuk.co.uk/company/payme/control","charges":"https://www.companiesintheuk.co.uk/company/payme/charges","pay_gap":"https://www.companiesintheuk.co.uk/company/payme/pay-gap","ai_analysis":"https://www.companiesintheuk.co.uk/company/payme/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/payme"}