SYMATRIX LIMITED

• ⚠

  Material uncertainty over going concern

  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.

• ◆

  4 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  +14.2%

  £22,600,927 → £25,808,340

• Cash

  -13.6%

  £3,524,173 → £3,044,043

• Net assets

  +215.3%

  £3,180,550 → £10,029,062

• Employees

  +14.8%

  122 → 140

• Operating profit

  +46.3%

  £3,709,616 → £5,427,927

• Profit before tax

  +53.8%

  £3,570,316 → £5,490,962

• Wages

  +17%

  £8,877,424 → £10,384,091

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“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

1. SYMATRIX LIMITED · parent
   1. Symatrix Global IT Services Private Limited 99.99% · India · IT Services

Significant events

• “In May 2024 Symatrix was acquired by AST Holding LLC ('AST').”
• “In March 2025 the AST Group proved a very attractive proposition and was acquired by International Business Machines Corporation.”
• “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.”
• “The Company has entered into provisional arrangements to sell its full investment in Symatrix Global IT Services Private Limited to Sterling Commerce Solutions India Private Limited. It is the Director's expectation that this sale will complete by 31 December 2025.”

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

Filings

18

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

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