Sys Iq Ltd

Sys Iq Ltd, based in Milton Keynes, UK, is a small, family-run business with an active status. Founded twelve years ago in 2013, the company employs just four people and holds £262,916 in assets. It operates from a virtual address, registered to a shared office space where twelve companies are registered, and is managed by two directors and two owners. Sys Iq Ltd is an irregular importer, primarily dealing in toys, games, and sports equipment, with its last import activity recorded one month ago in August 2021.

The company’s website reveals its core business: developing childcare software for nurseries, preschools, and childminders, branded as "Baby's Days." The software offers a comprehensive suite of features, including digital signatures, mobile apps, live feeds, parental interaction tools, and detailed progress tracking. It caters to both staff and parents, facilitating secure access to children's development information. The website emphasizes compliance with the 2021 EYFS guidelines and aims to remove up to 99% of paperwork from childcare settings.

Financially, Sys Iq Ltd’s recent performance shows some concerning trends. Accumulated depreciation impairment for property, plant, and equipment decreased by 24%, while cash bank on hand remained steady at £240,000. However, corporation tax payable increased significantly by 39%, and creditors jumped 84%. Debtors, meanwhile, skyrocketed by 21,000%, suggesting a potential issue with customer payments. Equity also declined by 18%, indicating a reduction in the company’s net worth. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the rising debts and declining equity warrant closer scrutiny. As a small company, it is exempt from an audit, and the figures are unaudited. The company's business and domestic software development industry is still going strong, however.

Registered in England/Wales under the registration number 08410956, with a registered address at MK12 5NW, Milton Keynes, Buckinghamshire, 3 Warren Yard Warren Park, Stratford Road.

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