neon payments limited
neon payments limited Company Information
Company Number
11215908
Website
-Registered Address
6th floor 25 farringdon street, london, EC4A 4AB
Industry
Financial management
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
banco bilbao vizcaya argentaria s.a. 22.6%
general atlantic np b.v. 21%
View Allneon payments limited Estimated Valuation
Pomanda estimates the enterprise value of NEON PAYMENTS LIMITED at £169.5m based on a Turnover of £115.5m and 1.47x industry multiple (adjusted for size and gross margin).
neon payments limited Estimated Valuation
Pomanda estimates the enterprise value of NEON PAYMENTS LIMITED at £0 based on an EBITDA of £-88.5m and a 10.16x industry multiple (adjusted for size and gross margin).
neon payments limited Estimated Valuation
Pomanda estimates the enterprise value of NEON PAYMENTS LIMITED at £1.2b based on Net Assets of £301.5m and 4.02x industry multiple (adjusted for liquidity).
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Neon Payments Limited Overview
Neon Payments Limited is a live company located in london, EC4A 4AB with a Companies House number of 11215908. It operates in the financial management sector, SIC Code 70221. Founded in February 2018, it's largest shareholder is banco bilbao vizcaya argentaria s.a. with a 22.6% stake. Neon Payments Limited is a young, mega sized company, Pomanda has estimated its turnover at £115.5m with rapid growth in recent years.
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Neon Payments Limited Health Check
Pomanda's financial health check has awarded Neon Payments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
5 Weak
Size
annual sales of £115.5m, make it larger than the average company (£1m)
£115.5m - Neon Payments Limited
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of 227%, show it is growing at a faster rate (7.5%)
227% - Neon Payments Limited
7.5% - Industry AVG
Production
with a gross margin of 32.7%, this company has a higher cost of product (83.3%)
32.7% - Neon Payments Limited
83.3% - Industry AVG
Profitability
an operating margin of -82% make it less profitable than the average company (9.2%)
-82% - Neon Payments Limited
9.2% - Industry AVG
Employees
with 1925 employees, this is above the industry average (6)
1925 - Neon Payments Limited
6 - Industry AVG
Pay Structure
on an average salary of £39.8k, the company has a lower pay structure (£56.2k)
£39.8k - Neon Payments Limited
£56.2k - Industry AVG
Efficiency
resulting in sales per employee of £60k, this is less efficient (£144.3k)
£60k - Neon Payments Limited
£144.3k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (61 days)
5 days - Neon Payments Limited
61 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Neon Payments Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Neon Payments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (32 weeks)
1 weeks - Neon Payments Limited
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.2%, this is a higher level of debt than the average (51.7%)
64.2% - Neon Payments Limited
51.7% - Industry AVG
neon payments limited Credit Report and Business Information
Neon Payments Limited Competitor Analysis
Perform a competitor analysis for neon payments limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
neon payments limited Ownership
NEON PAYMENTS LIMITED group structure
Neon Payments Limited has no subsidiary companies.
Ultimate parent company
NEON PAYMENTS LIMITED
11215908
neon payments limited directors
Neon Payments Limited currently has 7 directors. The longest serving directors include Mr Pedro Conrade (Feb 2018) and Mr Jay Reinemann (Apr 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Pedro Conrade | United Kingdom | 32 years | Feb 2018 | - | Director |
| Mr Jay Reinemann | United Kingdom | 55 years | Apr 2018 | - | Director |
| Mr Norberto Lanzara Giangrande Jr | United Kingdom | 55 years | Oct 2018 | - | Director |
| Jean Sigrist Jr. | United Kingdom | 58 years | Aug 2019 | - | Director |
| Mr Luiz Ribeiro | United Kingdom | 40 years | Mar 2020 | - | Director |
| Mr Jorge Bledel | Spain | 44 years | Mar 2022 | - | Director |
| Mr Julio Pereira | United Kingdom | 54 years | May 2023 | - | Director |
NEON PAYMENTS LIMITED financials
Neon Payments Limited's latest turnover from December 2022 is £115.5 million and the company has net assets of £301.5 million. According to their latest financial statements, Neon Payments Limited has 1,925 employees and maintains cash reserves of £16.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Turnover | 115,513,790 | 20,298,795 | 9,420,799 | 3,296,036 | 1,051,654 |
| Other Income Or Grants | -77,800,630 | 10,983,936 | 0 | 0 | 0 |
| Cost Of Sales | 0 | 21,802,410 | 13,402,808 | 8,023,987 | 2,521,555 |
| Gross Profit | 37,713,160 | 9,480,321 | -3,982,010 | -4,727,951 | -1,469,901 |
| Admin Expenses | 108,484,337 | 58,938,130 | 35,768,612 | 10,471,650 | |
| Operating Profit | -99,004,016 | -62,920,140 | -40,496,563 | -11,941,551 | |
| Interest Payable | 0 | 6,714,056 | 6,946,760 | 1,211,789 | 194,299 |
| Interest Receivable | 0 | 153,413 | 5,153,576 | 1,502,120 | 293,448 |
| Pre-Tax Profit | -118,742,317 | -105,564,659 | -64,713,325 | -40,206,231 | -12,280,801 |
| Tax | -290,780 | 15,836,948 | 30,737,165 | 0 | 0 |
| Profit After Tax | -119,033,097 | -89,727,711 | -33,976,159 | -40,206,231 | -12,280,801 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -119,031,521 | -89,739,759 | -33,973,965 | -40,206,962 | -12,280,801 |
| Employee Costs | 76,545,311 | 49,333,333 | 29,444,932 | 17,091,561 | 5,794,080 |
| Number Of Employees | 1,925 | 1,251 | 824 | 660 | 182 |
| EBITDA* | -94,640,162 | -59,625,567 | -40,009,508 | -11,725,098 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 102,258,471 | 100,849,799 | 67,956,706 | 7,158,842 | 4,615,654 |
| Intangible Assets | 55,111,899 | 38,749,398 | 11,830,481 | 16,510,897 | 38,034 |
| Investments & Other | 0 | 0 | 0 | 0 | 1,024,536 |
| Debtors (Due After 1 year) | 49,492,513 | 51,514,859 | 34,987,567 | 2,634,196 | 0 |
| Total Fixed Assets | 107,877,856 | 92,432,128 | 49,204,329 | 22,313,880 | 4,653,687 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,716,312 | 560,643 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 11,632,128 | 51,953,342 | 20,583,589 | 789,411 |
| Cash | 16,829,787 | 15,235,341 | 6,744,917 | 9,199,210 | 1,160,341 |
| misc current assets | 715,456,265 | 308,748,594 | 144,942,226 | 43,296,768 | 6,729,310 |
| total current assets | 734,002,364 | 336,176,707 | 203,640,486 | 73,079,567 | 8,679,064 |
| total assets | 841,880,220 | 428,608,835 | 252,844,815 | 95,393,447 | 13,332,751 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 11,591,017 | 11,149,398 | 20,566,769 | 14,115,840 | 597,445 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 493,323,877 | 3,675,502 | 0 | 0 | 0 |
| hp & lease commitments | 585,500 | 0 | 0 | 0 | 0 |
| other current liabilities | 26,363,277 | 214,567,067 | 102,065,233 | 67,596,167 | 8,528,511 |
| total current liabilities | 531,863,672 | 229,391,968 | 122,632,002 | 81,712,008 | 9,125,956 |
| loans | 0 | 26,827,309 | 1,034,079 | 0 | 870,547 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 8,523,246 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 8,523,246 | 26,827,309 | 1,034,079 | 0 | 870,547 |
| total liabilities | 540,386,918 | 256,219,277 | 123,666,081 | 81,712,008 | 9,996,503 |
| net assets | 301,493,302 | 172,080,321 | 129,081,468 | 13,680,708 | 3,336,248 |
| total shareholders funds | 301,493,302 | 172,080,321 | 129,081,468 | 13,680,708 | 3,336,247 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -99,004,016 | -62,920,140 | -40,496,563 | -11,941,551 | |
| Depreciation | 1,094,563 | 832,129 | 677,198 | 450,490 | 216,452 |
| Amortisation | 5,136,327 | 3,531,726 | 2,617,376 | 36,565 | 0 |
| Tax | -290,780 | 15,836,948 | 30,737,165 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -12,498,805 | -23,233,279 | 63,723,124 | 22,428,374 | 789,411 |
| Creditors | 441,619 | -9,417,371 | 6,450,929 | 13,518,396 | 597,445 |
| Accruals and Deferred Income | -188,203,790 | 112,501,834 | 34,469,066 | 59,067,656 | 8,528,511 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 47,514,529 | -51,691,530 | 10,148,170 | -3,388,554 | |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | -1,024,536 | 1,024,536 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 489,648,375 | 3,675,502 | 0 | 0 | 0 |
| Long term loans | -26,827,309 | 25,793,230 | 1,034,079 | -870,547 | 870,547 |
| Hire Purchase and Lease Commitments | 585,500 | 0 | 0 | 0 | 0 |
| other long term liabilities | 8,523,246 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 0 | -6,560,643 | -1,793,184 | 290,331 | 99,149 |
| cash flow from financing | 720,374,314 | 155,646,701 | 148,615,621 | 49,971,207 | 16,586,744 |
| cash and cash equivalents | |||||
| cash | 1,594,446 | 8,490,424 | -2,454,293 | 8,038,869 | 1,160,341 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,594,446 | 8,490,424 | -2,454,293 | 8,038,869 | 1,160,341 |
P&L
December 2022turnover
115.5m
+469%
operating profit
-94.7m
0%
gross margin
32.7%
-30.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
301.5m
+0.75%
total assets
841.9m
+0.96%
cash
16.8m
+0.1%
net assets
Total assets minus all liabilities
Similar Companies
neon payments limited company details
company number
11215908
Type
Private limited with Share Capital
industry
70221 - Financial management
incorporation date
February 2018
age
6
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
6th floor 25 farringdon street, london, EC4A 4AB
last accounts submitted
December 2022
neon payments limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to neon payments limited.
neon payments limited Companies House Filings - See Documents
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