Xyc Ltd

Xyc Ltd is a small, active company registered in Manchester, UK, founded five years ago in August 2019. It's a solo-founded operation with one director and owner, Jiang Yi, operating from a real address. The company’s core business revolves around retail sales via mail order houses or via the internet.

The company’s website highlights a unique service: helping digital health and care applications integrate with GP (General Practitioner) systems. XyCare offers a range of products and services designed to speed up access to the NHS market, reduce development costs, and simplify the integration process. These include xyClient (a desktop application for communication with GP systems), xyPDS (a tool for accessing patient demographics), xyPortal (a web application for managing users), and authentication services. They also provide accreditation support, clinical consultancy, and even help with SCAL (Supplier Conformance Assessment List) development. The website emphasizes speed, value, simplicity, and quality, targeting app developers seeking to navigate the complexities of NHS integration.

Financially, Xyc Ltd shows a mixed picture. Cash reserves have fallen significantly by 54%, dropping to £6,900, while bank borrowings have decreased by 29%, settling at £18,000. Creditors have also decreased by 29%, which is a positive sign. However, net assets and liabilities remain at -£11,000, indicating the company is operating at a loss. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the decline in cash and negative equity raise concerns. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Overall, Xyc Ltd appears to be navigating a challenging environment. While its niche service offering demonstrates innovation, the financial data suggests the company is burning through cash and needs to find a way to improve its profitability.

Registered in England/Wales under the registration number 12139319, with a registered address at M34 5UG, England, Manchester, 105 Waterhouses Street, Audenshaw.

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