SYTRIX LIMITED

Executive Summary

SYTRIX LIMITED is a newly formed micro-entity showing a solvent financial position with positive net assets and current assets exceeding current liabilities. The company is compliant with filing requirements and exhibits no immediate solvency or liquidity risk. However, its early stage of operations, small asset base, and recent director changes warrant further due diligence on operational viability and governance structure.

SYTRIX LIMITED - Analysis Report

Company Number: 15163449

Analysis Date: 2025-07-29 12:27 UTC

1. Risk Rating: LOW
   The company is newly incorporated (September 2023) and classified as a micro-entity with modest but positive net assets (£6,728) and net current assets (£4,805). No overdue filings or signs of insolvency are present. The balance sheet reflects a small but stable financial position without liabilities exceeding assets.

2. Key Concerns:

• Limited operational history and absence of employees suggest the business is at a very early development stage; operational sustainability is yet unproven.
• Small scale of fixed and current assets may limit the company's ability to absorb shocks or finance growth without external funding.
• Changes in directors and significant control structure involving multiple individuals and a corporate shareholder (Denali Bidco Limited) may require scrutiny to assess governance and potential influence risks.

3. Positive Indicators:

• All statutory filings, including accounts and confirmation statements, are up to date with no overdue returns, indicating compliance with regulatory obligations.
• The company has positive net assets and net current assets, indicating it is solvent as of the latest accounts date.
• Shareholder funds equal to net assets suggest no hidden liabilities or off-balance-sheet concerns at present.

4. Due Diligence Notes:

• Investigate the nature of business activities under SIC 62012 (business and domestic software development) and assess any commercial traction or contracts in place given zero employees reported.
• Clarify the role and influence of Denali Bidco Limited as a majority shareholder and its relationship with other PSCs to understand control dynamics and strategic direction.
• Confirm the reason for director turnover in February 2025 and assess any implications for management stability or governance.