SYMATRIX LIMITED
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
140
Average over period
Profit before tax
£1.6m
Period ending 2025-11-30
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
On 1 October 2025 the Company transferred its trade, assets and liabilities to IBM United Kingdom Limited, at which time the Company ceased to trade. It is the intention of the Director to liquidate the Company in due course. Accordingly, a going concern basis of preparation is no longer appropriate and the financial statements have been prepared on a basis other than going concern. No material adjustment arose as a result of the financial statements being prepared on a basis other than going concern.
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-11-30
| Metric | Trend | 2024-02-29 | 2025-02-28 | 2025-11-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £22,600,927 | £25,808,340 | £12,877,304 | — | |
| Operating profit | £3,709,616 | £5,427,927 | £1,453,981 | — | |
| Profit before tax | £3,570,316 | £5,490,962 | £1,585,129 | — | |
| Net profit | £2,625,140 | £6,964,982 | £1,055,070 | — | |
| Cash | £3,524,173 | £3,044,043 | — | — | |
| Total assets less current liabilities | £3,210,258 | £10,029,062 | — | — | |
| Net assets | £3,180,550 | £10,029,062 | — | — | |
| Equity | £3,180,550 | £10,029,062 | — | — | |
| Average employees | 122 | 140 | 140 | — | |
| Wages | £8,877,424 | £10,384,091 | £6,611,429 | — | |
| Directors' remuneration | £735,958 | £778,366 | £350,711 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 9 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-02-29 | 2025-02-28 | 2025-11-30 |
|---|---|---|---|---|
| Operating margin | 16.4% | 21.0% | 11.3% | |
| Net margin | 11.6% | 27.0% | 8.2% | |
| Return on capital employed | 115.6% | 54.1% | — | |
| Current ratio | 1.45x | 3.35x | — | |
| Interest cover | 18.53x | — | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“On 1 October 2025 the Company transferred its trade, assets and liabilities to IBM United Kingdom Limited, at which time the Company ceased to trade. It is the intention of the Director to liquidate the Company in due course. Accordingly, a going concern basis of preparation is no longer appropriate and the financial statements have been prepared on a basis other than going concern. No material adjustment arose as a result of the financial statements being prepared on a basis other than going concern.”
Group structure
- SYMATRIX LIMITED · parent
- Symatrix Global IT Services Private Limited 99.99%
Significant events
- “On 1 October 2025 the Company transferred its trade, assets and liabilities to IBM United Kingdom Limited, at which time the Company ceased to trade.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SULLIVAN, Alison Mary Catherine | Secretary | 2025-10-01 | — | — |
| CHAUDHURI, Anindya | Director | 2025-09-30 | Jan 1977 | Indian |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARR, Lindsey Marian | Secretary | 2008-03-01 | 2016-03-22 |
| GILLOTT, Paul William | Secretary | 2004-02-01 | 2005-02-01 |
| PIKE, Nicholas Simon | Secretary | 2016-03-22 | 2019-02-28 |
| ROSSINGTON, Gareth Sean | Secretary | 2019-03-01 | 2025-09-30 |
| ABACUS CORPORATE SERVICES LIMITED | Corporate Secretary | 2000-02-16 | 2004-02-01 |
| THE B&W PARTNERSHIP LIMITED | Corporate Secretary | 2005-02-01 | 2008-02-29 |
| BEAVER, Marcus | Director | 2000-03-01 | 2000-10-31 |
| BEAVER, Nathan Benjamin | Director | 2000-02-16 | 2000-10-31 |
| BROOKS, Christopher James | Director | 2018-03-01 | 2025-09-30 |
| BROWNHILL, John Edward Charles | Director | 2004-09-01 | 2016-06-16 |
| COURQUIN, Charles | Director | 2021-05-01 | 2025-10-07 |
| GILLOTT, Paul William | Director | 2000-02-16 | 2024-06-11 |
| LYONS, Timothy | Director | 2000-03-01 | 2000-10-31 |
| MANLEY, Andrew Robert | Director | 2009-12-01 | 2024-06-11 |
| PIKE, Nicholas Simon | Director | 2000-12-06 | 2019-02-28 |
| ROSSINGTON, Gareth Sean | Director | 2020-03-01 | 2025-09-30 |
| SPEEDY INCORPORATIONS LIMITED | Corporate Director | 2000-02-16 | 2000-02-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ibm United Kingdom Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-10-01 | Active |
| Ast Uk Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-06-11 | Ceased 2025-10-01 |
| Mr Paul William Gillott | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-06-11 |
| Mr Andrew Robert Manley | Individual | Significant influence | 2016-04-06 | Ceased 2024-06-11 |
| Mr Christopher James Brooks | Individual | Significant influence | 2016-04-06 | Ceased 2024-06-11 |
| Mr Benjamin Luke Crick | Individual | Significant influence | 2016-04-06 | Ceased 2019-05-08 |
| Mr Nicholas Simon Pike | Individual | Significant influence | 2016-04-06 | Ceased 2019-02-28 |
Filing timeline
Last 20 of 158 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-19 RESOLUTIONS Resolution
- 2025-10-14 MA Memorandum articles
- 2025-10-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-11 | AA | accounts | Accounts with accounts type full | |
| 2026-06-19 | SH20 | capital | Legacy | |
| 2026-06-19 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-06-19 | CAP-SS | insolvency | Legacy | |
| 2026-06-19 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-28 | AA | accounts | Accounts with accounts type full | |
| 2025-11-25 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-10-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-14 | MA | incorporation | Memorandum articles | |
| 2025-10-14 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-13 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-10-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-10 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-10 | AD03 | address | Move registers to sail company with new address | |
| 2025-10-10 | AD02 | address | Change sail address company with new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 2
- Officers appointed
- 2
- Officers resigned
- 4
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.