TYK LIMITED

• ⚠

  Material uncertainty over going concern

  During the current trading year, the company made a loss of £1,217,961 due to significant increase in costs and impairment of fixed assets (2024: Profit of £19,900 due to a significant FX movement). At the balance sheet date, the company's current liabilities exceeded its total assets by £3,299,392 with net liabilities of £3,402,817. These events or conditions, along with other matters, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. The company meets its day to day working capital requirement through its bank facilities and support from its parent company, TYK Corporation, a business registered in Japan... The board of TYK Corporation have agreed to support TYK Limited for the foreseeable future. The directors are taking actions where necessary to protect the company's cash flow. At the date of signing this report, orders are ongoing and cash flows are being managed.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -14%

  £7,143,422 → £6,142,840

• Cash

  -64.2%

  £987,142 → £353,191

  lowest in 5 filed years

• Net assets

  -55.7%

  -£2,184,856 → -£3,402,817

• Employees

  +13.5%

  37 → 42

• Operating profit

  -2,219.2%

  £54,920 → -£1,163,861

• Profit before tax

  -6,220.4%

  £19,900 → -£1,217,961

• Wages

  +11.2%

  £1,288,221 → £1,432,922

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“During the current trading year, the company made a loss of £1,217,961 due to significant increase in costs and impairment of fixed assets (2024: Profit of £19,900 due to a significant FX movement). At the balance sheet date, the company's current liabilities exceeded its total assets by £3,299,392 with net liabilities of £3,402,817. These events or conditions, along with other matters, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. The company meets its day to day working capital requirement through its bank facilities and support from its parent company, TYK Corporation, a business registered in Japan... The board of TYK Corporation have agreed to support TYK Limited for the foreseeable future. The directors are taking actions where necessary to protect the company's cash flow. At the date of signing this report, orders are ongoing and cash flows are being managed.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.