CYANCONNODE LIMITED

• ⚠

  Material uncertainty over going concern

  To assess the ability of the Company to continue as a going concern, the directors have prepared a business plan and cash flow forecast for the period to 31 March 2027 which, together, represent the directors' best estimate of the future development of the Company. The forecast contains certain assumptions, the most significant of which are the level and timing of sales and the timing of customer payments and the level of working capital requirements. Notwithstanding the material uncertainties described above, which may cast significant doubt on the ability of the Group to support the Company, on the basis of sensitivities applied to the cash flow forecast, the directors have a reasonable expectation that the Company can continue to meet its liabilities as they fall due, for a period of at least 12 months from the date of approval of this report.

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

  -46.8%

  £5,638,000 → £2,998,000

• Cash

  +79.4%

  £189,000 → £339,000

• Net assets

  -5.7%

  -£64,286,000 → -£67,980,000

• Employees

  +17.9%

  28 → 33

• Operating profit

  +27.9%

  -£5,286,000 → -£3,812,000

• Profit before tax

  +27.4%

  -£5,300,000 → -£3,847,000

• Wages

  -20%

  £3,543,000 → £2,833,000

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.

1. CYANCONNODE LIMITED 2016-11-17 → present
2. CYAN TECHNOLOGY LIMITED 2003-04-06 → 2016-11-17

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“To assess the ability of the Company to continue as a going concern, the directors have prepared a business plan and cash flow forecast for the period to 31 March 2027 which, together, represent the directors' best estimate of the future development of the Company. The forecast contains certain assumptions, the most significant of which are the level and timing of sales and the timing of customer payments and the level of working capital requirements. Notwithstanding the material uncertainties described above, which may cast significant doubt on the ability of the Group to support the Company, on the basis of sensitivities applied to the cash flow forecast, the directors have a reasonable expectation that the Company can continue to meet its liabilities as they fall due, for a period of at least 12 months from the date of approval of this report.”

Significant events

• “A loan previously granted from one director of £400,000 to assist with working capital was repaid during the year.”
• “The Group also received an advance of £400,000 from two of its directors, secured against the Company's R&D tax credit after 31 March 2025. The advance against the R&D tax credit will be repaid out of the HMRC receipt which is expected to be received by October 2025.”

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.