OPERATIX LIMITED

• ⚠

  Material uncertainty over going concern

  The directors note that a breach of lender covenants has occurred at the parent company level. This breach gives the lender the contractual right, should it choose to enforce it, to demand repayment of the related borrowing. While the directors consider the likelihood of such enforcement to be low, the existence of this covenant breach represents a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.

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

  -24.1%

  £17,499,426 → £13,279,722

• Cash

  -12.4%

  £1,662,890 → £1,456,102

• Net assets

  +68.1%

  £1,972,329 → £3,315,438

• Employees

  -6.5%

  155 → 145

• Operating profit

  +3%

  £1,088,048 → £1,121,067

• Wages

  -11.2%

  £7,236,495 → £6,425,138

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

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors note that a breach of lender covenants has occurred at the parent company level. This breach gives the lender the contractual right, should it choose to enforce it, to demand repayment of the related borrowing. While the directors consider the likelihood of such enforcement to be low, the existence of this covenant breach represents a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.”

Group structure

1. OPERATIX LIMITED · parent
   1. Operatix PTE. Ltd. 100% · Singapore

Significant events

• “acquisition by MemoryBlue Inc in July 2023.”
• “Operatix PTE Limited, a subsidiary incorporated in Singapore, had full a year of trading further establishing its presence in the Asia-Pacific market.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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