Azonix Ltd

Azonix Ltd is a small, active company based in Southall, UK, founded two years ago in April 2023. It’s a solo-founded operation with one director and owner, Chughtai Sugra, and holds a real address with four other companies registered there. The company operates in the retail sale via mail order houses or via internet industries.

Azonix Tech, as the company’s website reveals, is a software and hardware development firm specializing in financial, banking, airline, and industrial sectors. They focus on device integration, IoT projects, and web and mobile management solutions. The site highlights their expertise in areas like water tank level controllers, industrial IoT, and ATM integrated surveillance. They even offer a mobile application and salary dispensing ATMs. The company emphasizes passion and innovation, aiming to simplify complex tasks and automate manual processes for clients.

Financially, Azonix Ltd presents a concerning picture. While it meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees, its equity sits at a negative -£10,000. Cash reserves are minimal at just £1, and net current assets and liabilities are also at -£10,000. Creditors have remained steady at £10,000, but accrued liabilities and deferred income are unchanged at £8,100. The company is exempt from audit, relying on unaudited financial statements. It’s clear that Azonix Ltd is burning through money, with no signs of profitability. The lack of employees (zero reported) suggests a lean operation, but the negative equity raises serious questions about its long-term viability.

Registered in England/Wales under the registration number 14780823, with a registered address at UB1 2NJ, England, Southall, 380 Lady Margaret Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.