Sycurio Midco 1 Limited
Activities of financial services holding companies · Guildford
ActiveUnited KingdomIncorporated 2021Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Group accounts
Net assets
£12,082,902
Cash
£3,052,741
Turnover
£16,897,825
Profit / loss
−£14,693,455
Current assets
£7,811,898
Creditors < 1 year
£14,894,042
Equity
£12,082,902
Average employees
95
Balance-sheet trend
GBP · consolidatedFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Group · AI-read | 2024-12-31Group · AI-read | 2022-12-3112 months | 2021-12-317 months | 2021-06-1012 months |
|---|---|---|---|---|---|
| Balance sheet | |||||
| Net assets | £12,082,902 | £26,828,669 | £682,890 | £1,339,588 | — |
| Equity | £12,082,902 | £26,828,669 | £682,890 | £1,339,588 | — |
| Share capital | £1 | £1 | — | — | — |
| Retained earnings | −£109,060,372 | −£94,366,917 | — | — | — |
| Assets | |||||
| Fixed assets | £64,896,667 | £76,544,103 | £2,904,758 | £2,904,758 | — |
| Intangible assets | £64,618,181 | £75,836,866 | — | — | — |
| Property, plant & equipment | £278,486 | £707,237 | — | — | — |
| Current assets | £7,811,898 | £8,763,290 | £99,412,108 | £90,785,548 | — |
| Cash at bank | £3,052,741 | £4,726,961 | — | — | — |
| Debtors | £4,759,157 | £4,036,329 | — | — | — |
| Liabilities | |||||
| Creditors within one year | £14,894,042 | £19,767,037 | £48,722,470 | £44,411,640 | — |
| Creditors after one year | £45,507,097 | £38,652,122 | £52,911,506 | £47,939,078 | — |
| Provisions | £224,524 | £59,565 | — | — | — |
| Net current assets | −£7,082,144 | −£11,003,747 | £50,689,638 | £46,373,908 | — |
| Assets less current liabilities | £57,814,523 | £65,540,356 | £53,594,396 | £49,278,666 | — |
| Profit & loss | |||||
| Turnover | £16,897,825 | £18,227,145 | — | — | — |
| Cost of sales | £5,622,102 | £6,155,248 | — | — | — |
| Gross profit | £11,275,723 | £12,071,897 | — | — | — |
| Administrative expenses | £21,703,695 | £23,228,567 | — | — | — |
| Other operating income | £163,881 | £191,036 | — | — | — |
| Operating profit | −£10,078,395 | −£16,396,509 | — | — | — |
| Interest receivable | £33,550 | £28,546 | — | — | — |
| Interest payable | £4,604,718 | £14,217,242 | — | — | — |
| Profit before tax | −£14,649,563 | −£30,585,205 | — | — | — |
| Tax | −£43,892 | −£105,140 | — | — | — |
| Profit / loss | −£14,693,455 | −£30,690,345 | −£656,698 | −£138,886 | — |
| People & pay | |||||
| Average employees | 95 | 99 | 0 | 0 | 0 |
| Staff costs | £9,680,406 | £10,705,309 | — | — | — |
| Wages & salaries | £8,539,579 | £9,504,962 | — | — | — |
| Social security costs | £853,122 | £881,331 | — | — | — |
| Pension costs | £287,705 | £319,016 | — | — | — |
| Directors' remuneration | £935,991 | £996,432 | — | — | — |
| Highest paid director | £740,065 | £663,601 | — | — | — |
| Source evidence | View filing | View filing | View filing | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor
- Price Bailey LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Sycurio Topco Limited
- Ultimate controlling party
- Livingbridge 7 Global LP
- Accounts
- FRS 102
- Approved
- 2026-07-30, signed by Denise Paker
Subsidiaries (4)
- Sycurio Midco 2 Limited · 100% · Pannell House, Park Street, Guildford, Surrey, GU1 4HN
- Sycurio Midco 3 Limited · 100% · Pannell House, Park Street, Guildford, Surrey, GU1 4HN
- Sycurio Limited · 100% · Pannell House, Park Street, Guildford, Surrey, GU1 4HN
- Sycurio Inc. · 100% · 101 Federal Street, Suite 1900, Boston, MA 02110
Turnover by segment (13)
- Deployment & Support: 3,525,765 (2025-12-31)
- Deployment & Support: 5,006,275 (2024-12-31)
- Licenses: 12,679,742 (2025-12-31)
- Licenses: 12,817,766 (2024-12-31)
- Hardware: 4,914 (2024-12-31)
- Omnichannel revenue: 692,318 (2025-12-31)
- Omnichannel revenue: 398,190 (2024-12-31)
- United Kingdom: 9,407,805 (2025-12-31)
- United Kingdom: 10,308,815 (2024-12-31)
- Rest of Europe: 156,414 (2025-12-31)
- Rest of Europe: 123,814 (2024-12-31)
- Rest of the World: 7,333,606 (2025-12-31)
- Rest of the World: 7,794,516 (2024-12-31)
Related parties (7)
- connected party · connected party · Group expenditure; amount due from the Group at year end · £131,247; £131,304
- a company in which a Director of the Group was a Non-Executive Director · company associated with a Group director · Group expenditure; amount owed by the Group at year end · £Nil; £Nil
- a company associated with a connected party of a Director · company associated with a connected party of a Director · Group expenditure; amount owed by the Group at year end · £312,886; £1,910
- Key Management Personnel · key management personnel · Loan notes held were waived; accrued interest; interest charged during the year · £Nil; £Nil; £Nil
- ultimate controlling party · ultimate controlling party · Loan agreement proceeds at 10% interest; amount transferred to another connected party; interest expense and subsequent waiver · £44,097,225; £11,274,698; £4,798,420; £17,264,812
- ultimate controlling party · ultimate controlling party · A1 loan notes issued; B loan notes issued · £2,500,000; £Nil
- Key Management Personnel · key management personnel · Remuneration for services to the Group · £1,914,142
Borrowings (4)
- Debt facilities provided by Wells Fargo and Accel-KKR · Due for repayment in August 2027
- A1 loan notes issued to the ultimate controlling party · £2,500,000
- B loan notes issued to the ultimate controlling party · £Nil
- Unsecured senior loan notes issued in 2026 · £3.2 million · secured on unsecured
Share classes (1)
- 1 Ordinary of £1.00
Events after the year end (1)
- During 2026, the Company issued £3.2 million in unsecured senior loan notes. The proceeds from these loans have been extended as additional cash funding to the underlying subsidiary companies.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.