Cynalytica International Ltd

Cynalytica International Ltd from Belfast, UK, is a small, active company founded five years ago. It employs just three people and holds £4,841 in assets, operating from a real address. With two directors and one owner, the company is an irregular importer of electrical machinery and equipment, with just one month of imports recorded.

The company’s website reveals a focus on industrial cybersecurity solutions, particularly for critical infrastructure. Cynalytica offers a platform called AnalytICS, alongside services like OTNetGuard and SerialGuard, targeting sectors like energy, oil & gas, and wastewater treatment. The website highlights partnerships with companies like PwC and emphasizes the platform's ability to detect threats and enhance operational performance. It's clear they're aiming to provide a comprehensive solution for securing industrial control systems, catering to both legacy and modern environments.

Financially, Cynalytica International Ltd presents a mixed picture. Current assets have fallen significantly, dropping 50% to £4,800. Net assets have also taken a dramatic hit, plummeting 140% to -£18,000—a worrying trend. Bank borrowings have increased substantially, reaching £28,000, while cash reserves have shrunk 85% to a mere £660. Creditors have increased by 210%, which could indicate an increased reliance on trade credit. The company’s small size (meeting two of three conditions for being classified as small) helps it remain nimble, but the sharp decline in equity raises concerns. No auditor is mentioned, likely due to the company’s exemption as a small entity, so the figures are unaudited.

It appears Cynalytica is burning through cash, perhaps due to investments in its cybersecurity platform and associated services. The company’s focus on a specialized niche—industrial cybersecurity—suggests a high-growth strategy, but the financial data indicate a need to carefully manage expenses and secure additional funding.

Registered in Northern Ireland under the registration number NI666883, with a registered address at BT3 9DT, United Kingdom, Belfast, Antrim, Unit 5 Suite 4 Concourse 1 Queens Road.

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