{"name":"WORKPAYS LIMITED","company_number":"07387325","status":"Active","type":"Private Limited Company","incorporated":"2010-09-24","dissolved":null,"registered_office":"Floors 1 And 2 4 Babington Lane, Derby, Derbyshire, United Kingdom, DE1 1SU","postcode":"DE1 1SU","sic_codes":[{"code":74909,"description":"Other professional, scientific and technical activities not elsewhere classified"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Small","year_end":"31 October","last_made_up_to":"2025-10-31","next_due":"2027-07-31"},"employees":{"count":110,"accounts_date":"2025-10-31"},"financials":[{"financial_date":"2025-10-31","net_assets":1489092,"cash":554115,"average_employees":110},{"financial_date":"2024-10-31","net_assets":608136,"cash":829672,"average_employees":113},{"financial_date":"2023-10-31","net_assets":646390,"cash":574747},{"financial_date":"2022-10-31","net_assets":1390517,"cash":1101879},{"financial_date":"2021-10-31","net_assets":1687469,"cash":1249086}],"officers":{"current":2,"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":[],"insolvency_outcome":null,"ai_summary":"Workpays Limited has demonstrated strong strategic recovery in FY2025, with net assets surging 145% to £1.49M after a challenging period, confirming the underlying viability of its vocational training model. The company's primary strategic imperative is addressing its declining cash position—down 70% over five years to £554k—while capitalising on UK skills demand through geographic expansion, digital delivery investment, and a shift toward employer-funded contracts. Success will depend on accelerating debtor collection to unlock working capital and reducing dependency on government funding cycles.","website":"https://www.workpays.co.uk","links":{"page":"https://www.companiesintheuk.co.uk/ltd/workpays","people":"https://www.companiesintheuk.co.uk/company/workpays/people","filing_history":"https://www.companiesintheuk.co.uk/company/workpays/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/07387325","financials":"https://www.companiesintheuk.co.uk/company/workpays/financial","control":"https://www.companiesintheuk.co.uk/company/workpays/control","charges":"https://www.companiesintheuk.co.uk/company/workpays/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/workpays/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/workpays"}