Xyz Reality Limited

XYZ Reality Ltd, a holding company based in London, UK, has been active for eight years, employing 61 people and managing assets totaling £9,951,076. The company, registered at a real address, is led by four directors but has no officially listed owners. It boasts a perfect 5.0 Google rating based on four reviews and is a regular importer and exporter of electrical machinery and equipment, with 86 months of import activity and 30 months of export activity.

The company’s website paints a picture of a construction technology innovator. XYZ Reality develops a “mission critical construction platform” – essentially, an augmented reality (AR) solution designed to overlay 3D design models onto construction sites. It caters to various sectors, including data centers, pharmaceutical facilities, airports, and hydrogen plants, offering services like quality control, progress tracking, and onsite deployment. The platform integrates with BIM (Building Information Modeling) software and aims to improve efficiency, reduce costs, and mitigate risks in construction projects. They even have a video tour available.

Financially, XYZ Reality Ltd shows some concerning trends. While current assets increased by 24% to £10 million, net assets decreased by 29% to £39 million. This suggests a significant drop in equity, potentially due to increased borrowing or investments. Bank borrowings increased by 180% to £1.5 million, and cash reserves fell by 44% to £2.4 million. Creditors increased by 21% to £4.2 million, indicating a reliance on external financing. Staff costs rose by 71% to £8.5 million, likely reflecting the company’s growth and expansion. The company is not audited, relying on unaudited statements.

These figures suggest that while XYZ Reality Ltd is growing its business, it’s also burning through cash. The increased borrowing and decreased cash reserves could be a result of investments in technology development or marketing efforts. It’s possible the company is in a growth phase, prioritizing revenue over profitability. The lack of a named auditor, common for smaller companies, means the financial information isn’t subject to external scrutiny.

Registered in England/Wales under the registration number 10660835, with a registered address at EC1V 7LQ, England, London, Unit G0.G02, 338-346 Goswell Road.

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