HICX SOLUTIONS LIMITED
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Cash
£959k
+2.4% vs 2024
Net assets
-£6.9m
-50.5% lowest in 3 filed years
Employees
60
-18.9% lowest in 3 filed years
Profit before tax
-£2.7m
+26.5% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £8,430,612 | £10,395,603 | £10,316,799 | -0.8% | |
| Operating profit | -£3,834,088 | -£3,166,984 | -£2,066,688 | +34.7% | |
| Profit before tax | -£4,079,809 | -£3,685,540 | -£2,709,842 | +26.5% | |
| Net profit | -£4,078,186 | -£3,685,540 | -£2,709,842 | +26.5% | |
| Cash | £2,985,667 | £936,245 | £958,899 | +2.4% | |
| Total assets less current liabilities | £1,104,332 | -£608,793 | -£5,869,049 | -864% | |
| Net assets | -£845,616 | -£4,581,049 | -£6,893,750 | -50.5% | |
| Equity | -£845,616 | — | — | — | |
| Average employees | 72 | 74 | 60 | -18.9% | |
| Wages | £5,118,794 | £5,592,482 | £4,937,647 | -11.7% | |
| Directors' remuneration | £312,510 | £369,567 | £477,992 | +29.3% | |
| Directors' pension contributions | £881 | £1,321 | £2,825 | +113.9% | |
| Highest paid director | £312,510 | £369,567 | £477,992 | +29.3% |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -45.5% | -30.5% | -20.0% | |
| Net margin | -48.4% | -35.5% | -26.3% | |
| Return on capital employed | -347.2% | — | — | |
| Gearing (liabilities / total assets) | 115.6% | 218.4% | 314.1% | |
| Current ratio | 1.24x | 0.85x | 0.35x | |
| Interest cover | -11.27x | -5.50x | -3.14x |
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
- Consolidated group
- Auditor
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At 31 December 2025 the group had net liabilities of £7,068,119 and had incurred a loss for the year of £2,884,211. The company's balance sheet indicates a loan amount of £3,988,270 as due for repayment by 30 June 2026. Subsequent to the year the company has renegotiated its facilities with a new borrower taking the facility out to 30 March 2030.”
Group structure
- HICX SOLUTIONS LIMITED · parent
- HICX Solutions Inc. 100%
Significant events
- “Subsequent to the year end, the company entered into new facility arrangements with HSBC totalling £10.86m which are due for repayment in March 2030.”
- “Additionally, the Company completed an equity fundraising with Wavecrest Growth Partners, resulting in the issue of new ordinary shares for cash consideration of £4m.”
- “Furthermore, Wavecrest Growth Partners agreed to convert all outstanding loan notes held at the reporting date into equity.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| XYLOYIANNIS, Konstantinos | Secretary | 2004-11-10 | — | Greek |
| LLEWELLYN, Dafydd Arthur Raoul | Director | 2025-09-01 | May 1976 | British |
| NALWAYA, Vaibhav | Director | 2022-09-06 | Mar 1975 | American |
| WELSH, Taylor | Director | 2024-08-19 | Aug 1994 | American |
| WIEHE, Stephen James | Director | 2023-01-25 | Nov 1963 | American |
| XYLOYIANNIS, Konstantinos | Director | 2004-11-10 | Mar 1983 | Greek |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BILLANTE, Peter | Director | 2023-01-25 | 2024-12-31 |
| HODGSON, Thomas | Director | 2018-06-04 | 2022-09-06 |
| ISMAIEL, Hassan | Director | 2004-11-10 | 2022-09-06 |
| LEE, Myrto, Dr | Director | 2009-04-01 | 2015-01-13 |
| MARKLE, Douglas | Director | 2012-08-01 | 2015-08-03 |
| PADGETT, Thomas Patrick | Director | 2023-01-25 | 2024-07-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hassan Ismaiel | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-09-06 |
| Mr Konstantinos Xyloyiannis | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-09-06 |
Filing timeline
Last 20 of 143 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-04 RESOLUTIONS Resolution
- 2026-02-04 RESOLUTIONS Resolution
- 2026-02-04 MA Memorandum articles
- 2025-10-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type group | |
| 2026-09-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-06-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-31 | RP01SH01 | miscellaneous | Legacy | |
| 2026-03-31 | RP01SH01 | miscellaneous | Legacy | |
| 2026-03-12 | SH01 | capital | Capital allotment shares | |
| 2026-03-06 | SH01 | capital | Capital allotment shares | |
| 2026-02-23 | SH01 | capital | Capital allotment shares | |
| 2026-02-04 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-04 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-04 | MA | incorporation | Memorandum articles | |
| 2026-01-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-22 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-19 | AA | accounts | Accounts with accounts type group | |
| 2025-04-09 | SH01 | capital | Capital allotment shares | |
| 2025-02-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-28 | AA | accounts | Accounts with accounts type group | |
| 2024-08-19 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 4
- Officers appointed
- 0
- Officers resigned
- 0
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.