FREEDOMPAY WORLD EUROPE LIMITED
🏛️Establishedactive
10588132 · ltd · incorporated 2017-01-27
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 5.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
£14.30M
year to Dec 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
ALSO REGISTERED FOR
- 80200Security systems service activities
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 5.5y
60/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 5.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
- · Not currently profitable — coverage conversation is a harder sell.
Data confidence
Overall: medium (69/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (5 active, 5 linked, 4 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
38 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Loss-making
Loss before tax £2,290,386
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Turnover | £14.30M | — |
| Gross profit | £5.68M | — |
| Operating profit | £-2.29M | — |
| Profit before tax | £-2.29M | — |
| Average employees | 3700 | 2700 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Last 30 days
1
filing
- • 1 confirmation-statement
Last 90 days
2
filings
- • 1 confirmation-statement
- • 1 officers
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-02-18📄appoint-corporate-secretary-company-with-name-dateofficers · AP04
- 2026-02-05➕CSC CLS (UK) LIMITED appointedcorporate-secretary
- 2025-10-02📄accounts-with-accounts-type-fullaccounts · AA
- 2025-06-16📄capital-allotment-sharescapital · SH01
- 2024-12-20📄accounts-with-accounts-type-smallaccounts · AA
- 2024-01-30📄change-person-director-company-with-change-dateofficers · CH01
- 2023-12-30📄accounts-with-accounts-type-smallaccounts · AA
- 2023-09-07📄capital-allotment-sharescapital · SH01
- 2023-08-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-08-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-08-23🔓Charge satisfied #2
- 2023-08-23🔓Charge satisfied #1
- 2023-08-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-01🔒Charge registered #4Lender: Hsbc Innovation Banking Formerly Known as Silicon Valley Bank UK LTD
- 2023-08-01🔒Charge registered #3Lender: Hsbc Innovation Banking Formerly Known as Silicon Valley Bank UK LTD
- 2023-04-27📄accounts-with-accounts-type-smallaccounts · AA
- 2022-04-14📄accounts-with-accounts-type-smallaccounts · AA
- 2021-03-31📄change-person-director-company-with-change-dateofficers · CH01
- 2021-01-27📄change-person-director-company-with-change-dateofficers · CH01
- 2020-12-29📄accounts-with-accounts-type-smallaccounts · AA
- 2020-11-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-11-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-11-06🔒Charge registered #2Lender: Silicon Valley Bank
- 2020-11-06🔒Charge registered #1Lender: Silicon Valley Bank
- 2018-05-18➕HAMMOND, Anthony Trevor, Mr. appointeddirector
- 2017-01-27🏢Company incorporatedAs FREEDOMPAY WORLD EUROPE LIMITED
- 2017-01-27➕BASKOWSKY, Paul Willis appointeddirector
- 2017-01-27➕DUROVSIK, Thomas Edward appointeddirector
- 2017-01-27➕HALBE, Neal Francis appointeddirector
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 73 — succession pressure is live.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
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| 10X BANKING TECHNOLOGY LIMITED→ 10146101 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
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| 10X BANKING TECHNOLOGY UK LIMITED→ 11738306 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusactive
Typeltd
Incorporated2017-01-27
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development
Registered office
16 Great Queen Street
Covent Garden
London
WC2B 5AH
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-09
Last: 2026-01-26
Officers (5 active · 0 resigned)
CSC CLS (UK) LIMITED→
Activecorporate-secretary · appointed 2026-02-05
View their other companies + combined net worth →
BASKOWSKY, Paul Willis→
Activedirector · ~73y · appointed 2017-01-27
View their other companies + combined net worth →
DUROVSIK, Thomas Edward→
Activedirector · ~70y · appointed 2017-01-27
View their other companies + combined net worth →
HALBE, Neal Francis→
Activedirector · ~51y · appointed 2017-01-27
View their other companies + combined net worth →
HAMMOND, Anthony Trevor, Mr.→
Activedirector · ~65y · appointed 2018-05-18
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Innovation Banking Formerly Known as Silicon Valley Bank UK LTD | A registered charge | — | 01/08/2023 | — | |
| outstanding | HSBC Hsbc Innovation Banking Formerly Known as Silicon Valley Bank UK LTD | A registered charge | — | 01/08/2023 | — | |
| satisfied | Silicon Valley Bank | A registered charge | — | 06/11/2020 | 23/08/2023 | |
| satisfied | Silicon Valley Bank | A registered charge | — | 06/11/2020 | 23/08/2023 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (38 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-09
appoint-corporate-secretary-company-with-name-date
officers · AP04
2026-02-18
accounts-with-accounts-type-full
accounts · AA
2025-10-02
capital-allotment-shares
capital · SH01
2025-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-28
accounts-with-accounts-type-small
accounts · AA
2024-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-30
change-person-director-company-with-change-date
officers · CH01
2024-01-30
accounts-with-accounts-type-small
accounts · AA
2023-12-30
capital-allotment-shares
capital · SH01
2023-09-07
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-23
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-15
accounts-with-accounts-type-small
accounts · AA
2023-04-27