# MI-PAY LIMITED (04937836)

> MI-PAY LIMITED is an active private limited company (company number 04937836) incorporated on 20 October 2003, registered in London. Its registered activity is other information technology service activities (SIC 62090). Latest small accounts cover the period ending 31 December 2025, showing net assets of £2.81m and cash of £1.77m, with 31 employees on average. Net assets rose 40% on the prior period (£2.01m). Across the last 3 periods on record the net-asset trend is rising.

- Status: Active
- Incorporated: 2003-10-20
- Registered office: London, EC2A 4ES
- SIC 62090: Other information technology service activities
- SIC 82990: Other business support service activities n.e.c.
- Next accounts due: 2027-09-30
- Confirmation statement due: 2026-11-03
- Accounts type: SMALL

By net assets it sits in the top quarter of 8,890 comparable companies in London (median £1,000, upper quartile £36k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-12-31 | £2.81m | £1.77m | — | £608k | — | — | 31 |
| 2024-12-31 | £2.01m | £1.31m | — | £805k | — | £286k | 40 |
| 2023-12-31 | £1.72m | £889k | — | £1.17m | — | £714k | 47 |
| 2023-01-01 | — | — | — | — | — | — | — |

current ratio 5.62; net assets trend rising; size band small.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £2,810,698 at 31 December 2025
- Net assets up 10% or more on the prior period: +40.1% vs prior period
- Current assets at least 1.5× creditors within one year: Current ratio 5.62
- Cash at bank of £50,000 or more: Cash £1,771,873
- Three or more accounting periods on record: 4 periods on record
- Incorporated five or more years ago: Incorporated 20 October 2003

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Hubertus Franciscus Sparnaaij — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors, since 2020-01-27

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/04937836
HTML: https://firmoscan.com/company/04937836-mi-pay-limited