DIRECT PAYMENT SERVICES LTD

🌿Early-stageactive
SC730757 · ltd · incorporated 2022-04-27
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
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Turnover
year to Apr 2024
Net worth
£37.0k
book net assets
Opportunity
51/100
Worth a look
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Special-situation opportunity
Distressed trade-services with salvageable qualities — special-situations priority.

Opportunity 51/100 (worth a look), bankability 40/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: strategic trade sale (38/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
8 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
51/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
35
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £37,007

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£37k
↑ 55971% YoY
Current Assets
Current Liabilities
£0£7k£15k£22k£30k£37kApr 2023Apr 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-04-302023-04-30
Total assets£37.0k£57.1k
Current assets£16.0k
Net assets£37.0k£66

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2025-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-03-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2024-03-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2024-03-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-03-01
    MILLAR, Josh Robert, Mr. appointed
    director
  6. 2022-04-27
    🏢
    Company incorporated
    As DIRECT PAYMENT SERVICES LTD
  7. 2022-04-27
    MILLAR, Abbie Veronica appointed
    director
  8. 2022-04-27
    MILLAR, Colin Buchanan appointed
    director
  9. 2022-04-27
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-01-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-22

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr. Josh Robert Millar
Individual · British · DOB 08/2005 · age 21
2550%
25-50% shares01/03/2024
Mr Colin Buchanan Millar
Individual · British · DOB 02/1977 · age 49
2550%
25–50%board control25-50% shares · 25-50% voting · board control27/04/2022
Miss Abbie Veronica Millar
Individual · British · DOB 07/2001 · age 25
2550%
25–50%board control25-50% shares · 25-50% voting · board control27/04/2022

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2022-04-27
Jurisdictionscotland
Primary SIC96090 — Other service activities n.e.c.

Registered office

49 Viewfield
Airdrie
ML6 9DL
Scotland

Filing status

Accounts
Next due: 2026-01-31OVERDUE
Last made up to: 2024-04-30
Confirmation statement
Next due: 2026-04-22OVERDUE
Last: 2025-04-08

Officers (3 active · 0 resigned)

MILLAR, Abbie Veronica
director · ~25y · appointed 2022-04-27
View their other companies + combined net worth →
Active
MILLAR, Colin Buchanan
director · ~49y · appointed 2022-04-27
View their other companies + combined net worth →
Active
MILLAR, Josh Robert, Mr.
director · ~21y · appointed 2024-03-01
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (8 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-08
appoint-person-director-company-with-name-date
officers · AP01
2024-03-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-05
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-27
incorporation-company
incorporation · NEWINC
2022-04-27