SOURCE PAY LTD

Active
Company number 11850880Private limited companyIncorporated 2019

Key figures

£24,420+259.5%
Net assets 2024/25
-20 k-10 k010 k20 k30 k2020/212021/222022/232023/242024/25

Like most small UK companies, SOURCE PAY LTD does not publish a profit and loss account in its latest accounts. The figures below come from the balance sheet.

Ratios

2024/25

Sector comparison

SIC 43290

Where the company stands among the 27,659 active companies whose first SIC code is 43290 (Other construction installation).

Net assets£24,420
Higher than 61% · median £11,338
Total assets£182,106
Higher than 75% · median £49,826
Employees4
Higher than 85% · median 1
Company age7.7 years
Older than 65% · median 4.9 years
Largest in this sector by net assets
  1. ENCON INSULATION LIMITED£66.6m
  2. BRAND ENERGY & INFRASTRUCTURE SERVICES UK, LTD.£63.3m
  3. CHAMPION GROUNDWORKS & CONSTRUCTION LTD£30.3m
  4. WETHERBY WALL SYSTEMS LIMITED£26.1m
  5. TGW LIMITED£24.8m
  6. P.I.P. MECHANICAL AND ELECTRICAL HOLDINGS LTD£21.4m
  7. BREHENY CIVIL ENGINEERING LIMITED£20.5m
  8. MODEBEST BUILDERS LIMITED£19.7m
  9. ALPINE FIRE ENGINEERS LIMITED£18.3m
  10. MORRIS & SPOTTISWOOD LIMITED£17.6m

Positions are approximate. Figures come from each company's latest accounts; money and employee figures are compared only with companies that filed accounts in pounds for a period ending in the last two and a half years and are not dormant, so those groups are smaller than 27,659. The line on each bar marks the median.

Summary: SOURCE PAY LTD

What kind of company is it?

SOURCE PAY LTD is a private limited company registered with Companies House under company number 11850880. It was incorporated on 27 Feb 2019. Its status is active. The registered office is in London (EC2M). Its nature of business (SIC 2007) is other construction installation (43290), accounting and auditing activities (69201), bookkeeping activities (69202), other business support service activities n.e.c. (82990).

How is the company doing financially?

The latest accounts in the database are for 2024/25 (period ending 27 Mar 2025); the company files micro-entity accounts. Net assets were £24,420, up 259.5% on the previous year. Total assets were £182,106 and total liabilities £157,686. The company had an average of 4 employees. Figures are available for 5 financial years (2020/21–2024/25).

How does it compare with similar companies?

Compared with 27,659 active companies whose first SIC code is 43290: By net assets it ranks higher than 61% of them (median £11,338). By total assets it ranks higher than 75% of them (median £49,826). By number of employees it ranks higher than 85% of them (median 1). It is older than 65% of them (median age 4.9 years).

Who runs and controls the company?

The company has 1 current director. One person with significant control is registered.

When are its next filings due?

The next accounts are due by 27 Dec 2026. The next confirmation statement is due by 2 Jul 2027.

Filed accounts2020/21–2024/25
2020/212021/222022/232023/242024/25
Turnover31,628————
Profit for the year832————
Total assets3,4641,25517,1371,965182,106
Total liabilities3,9834,3043,13422,012157,686
Net assets / total equity-5193,04914,003-15,31424,420
Average number of employees21334
Average pay (per year)14,538————

A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.

History

24 events
  1. Financial year 2024/25 endedAccounts: net assets £24.4k, 4 employees
  2. Caroline Louise TUGBY-ROSE resignedDirector
  3. Fiona Michelle WATSON-POWELL resignedDirector
  4. Simon Peter POWELL resignedDirector
  5. Sabrina MONACHELLO appointedDirector
  6. Ms Sabrina Monachello registered as a person with significant control
  7. Mrs Caroline Louise Tugby-Rose ceased to be a person with significant control
  8. Mrs Fiona Michelle Watson-Powell ceased to be a person with significant control
Earlier events (16)
  1. Mr Simon Peter Powell ceased to be a person with significant control
  2. Financial year 2023/24 endedAccounts: net assets −£15.3k, 3 employees
  3. Financial year 2022/23 endedAccounts: net assets £14k, 3 employees
  4. Caroline Louise TUGBY-ROSE appointedDirector
  5. Fiona Michelle WATSON-POWELL appointedDirector
  6. Mrs Caroline Louise Tugby-Rose registered as a person with significant control
  7. Mrs Fiona Michelle Watson-Powell registered as a person with significant control
  8. Mr Stephen John Barrasford ceased to be a person with significant control
  9. Mr Simon Peter Powell registered as a person with significant control
  10. Stephen John BARRASFORD resignedDirector
  11. Financial year 2021/22 endedAccounts: net assets £3,049, 1 employee
  12. Financial year 2020/21 endedAccounts: turnover £31.6k, net assets −£519, 2 employees
  13. Simon Peter POWELL appointedDirector
  14. Stephen John BARRASFORD appointedDirector
  15. Mr Stephen John Barrasford registered as a person with significant control
  16. Company incorporatedPrivate limited company

Dates as recorded at Companies House: incorporation, name changes, officer appointments and resignations, current and former persons with significant control, and the end of each financial year with figures in the database.