Paystream My Max Limited

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Paystream My Max Limited - overview

Established

2007

Location

Manchester, -, UK

Primary Industry

Outsourcing

About

Paystream My Max Limited provides a range of financial solutions for contractors, freelancers, and small business owners, including umbrella company services and integrated payroll management to simplify compliance and tax processes. Founded in 2007, Paystream My Max Limited specializes in financial solutions for contractors. The company operates its flagship platform, My Max, which offers umbrella company services that ensure secure employment while allowing flexibility in contracting. The CEO, Andrew Cleal, leads the company as it serves clients primarily across the UK and potentially in international markets.


Paystream My Max Limited provides a comprehensive suite of financial solutions tailored for contractors, freelancers, and small business owners. Their core offerings include umbrella company services through their platform, My Max, which combines the flexibility of contracting with the security of continuous employment. Additionally, the company offers accountancy services, personal tax advice, payroll solutions, and international payroll services. Utilizing cloud-based software and integrated screening solutions, Paystream enhances the onboarding journey and enables efficient management of payroll and compliance processes for clients, which include contractors, small business owners, and recruitment agencies across the UK and beyond.


Paystream generates revenue through various service offerings, with a primary focus on umbrella services, accountancy, and payroll solutions. Clients engage with the company on a contractual basis, paying a fee for umbrella services that include payroll processing and tax management. The company's B2B transactions involve partnerships with recruitment agencies and businesses, ensuring tailored experiences based on specific client needs. Fees are structured around services utilized, such as payroll processing, tax filing, and compliance checks.


Primary Industry

Outsourcing

Sub Industries

Recruitment/Executive Search, Outsourcing

Website

www.paystream.co.uk

Total Amount Raised

Subscriber access only

Paystream My Max Limited - financials

Fiscal Year EndedMar 31, 2018Mar 31, 2019Mar 31, 2020Mar 31, 2021Mar 31, 2022Mar 31, 2023
Revenue (USD)197,299,006256,067,669322,550,014---
% Revenue Growth (YoY)-29.8%26.0%---
EBITDA (USD)1,596,9232,176,0252,652,683---
Operating Income (USD)1,596,7432,175,8452,652,503---
Operating Margin0.8%0.8%0.8%---
% EBITDA Margin0.8%0.8%0.8%---
NET Income (USD)1,297,5931,722,7492,224,749---
% Net Margin0.7%0.7%0.7%---

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