# PHLO SYSTEMS LIMITED (10505838)

> PHLO SYSTEMS LIMITED is an active private limited company (company number 10505838) incorporated on 1 December 2016, registered in London. Its registered activity is business and domestic software development (SIC 62012). Latest small accounts cover the period ending 31 December 2024, showing net assets of £667k and cash of £34k, with 16 employees on average. Net assets fell 48% on the prior period (£1.29m).

- Status: Active
- Incorporated: 2016-12-01
- Registered office: London, SE1 9SG
- SIC 62012: Business and domestic software development
- Next accounts due: 2026-09-30
- Confirmation statement due: 2026-12-15
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 15,170 comparable companies in London (median £702, upper quartile £27k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2024-12-31 | £667k | £34k | £333k | £1.19m | — | −£994k | 16 |
| 2023-12-31 | £1.29m | £249k | £399k | £794k | — | £132k | 11 |
| 2022-12-31 | — | — | — | — | — | — | — |

current ratio 0.31; size band small.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £667,136 at 31 December 2024
- Net assets down 25% or more on the prior period: -48.2% vs prior period
- Current assets below creditors within one year: Current ratio 0.31
- Three or more accounting periods on record: 3 periods on record
- Incorporated five or more years ago: Incorporated 1 December 2016
- Accounts past their due date: Due 30 September 2026

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Saurabh Goyal — owns 25–50% of shares; holds 25–50% of voting rights, since 2023-09-15

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/10505838
HTML: https://firmoscan.com/company/10505838-phlo-systems-limited