PAYMENT SOLUTIONS LTD

Financial Health Score: F (Terminal Condition)

While the balance sheet might initially look like a picture of robust health, this is misleading. The patient is, in fact, in terminal decline. The company's status is officially listed as "Liquidation," which is the corporate equivalent of being pronounced deceased. The business is no longer functioning as a going concern and is undergoing a formal winding-down process to distribute its remaining assets before being struck from the register.

Key Vital Signs

• Corporate Pulse (Trading Status): Flatlined. The company operates under SIC code 74990 (Non-trading company) and has zero employees. There is no operational heartbeat; the business is not generating revenue or serving customers.
• Blood Pressure (Liquidity): Dangerously Deceptive. The accounts show £2,795,333 in net current assets and zero current liabilities. However, this does not indicate a healthy cash flow. Because this is a non-trading entity within a corporate group, this £2.8 million is almost certainly an intercompany loan or intellectual property value sitting on the balance sheet, rather than liquid cash available for daily operations.
• Body Temperature (Financial Momentum): Cold. The financial history shows zero movement between 2023 and 2024. Total assets, net assets, and shareholders' funds remain exactly the same. This stagnation confirms the business is entirely inactive.
• Immune System (Compliance): Compromised. The company's Confirmation Statement is overdue. When a company is in liquidation, administrative duties are often neglected or delayed, leaving it vulnerable to regulatory penalties—much like a weakened immune system unable to fight off minor infections.

Diagnosis

Corporate Hospice (Pre-Dissolution).

The financial data reveals a "wealthy corpse" scenario. Payment Solutions Ltd was once an active business—historically processing recurring payments under names like International Payment Services Ltd—but has since been absorbed and retired by its parent, Access PaySuite Ltd.

The £2.8 million in net assets represents the remaining estate of the company, likely consisting of an intercompany balance that the parent group will extract before the company is officially dissolved. The fact that the company is in liquidation means the directors have already concluded that the business cannot survive in its current form. The overdue confirmation statement is a typical symptom of a company in its final stages, where administrative compliance is no longer a priority for the liquidator or parent entity.

Recommendations

Because the company is in liquidation and classified as non-trading, traditional financial wellness advice (like cutting costs or boosting sales) does not apply. Instead, the focus shifts to end-of-life care and estate management:

1. Settle the Administrative Fever: The overdue Confirmation Statement should be filed immediately to avoid unnecessary fines from Companies House. Even though the company is winding down, these penalties can accrue and complicate the final distribution of the estate.
2. Estate Distribution (The £2.8M Asset): The liquidator and parent company (Access PaySuite Ltd) must ensure the £2.8 million asset is cleanly transferred or written off according to the group's restructuring plan before dissolution. If this asset is an intercompany loan, it must be formally settled.
3. Prepare the Death Certificate: Once the assets are distributed and all liabilities (including any potential tax liabilities on the asset transfer) are settled, the liquidator should finalize the process to have the company formally dissolved, removing it from the active register entirely.