CYBERIS REPLY LIMITED

Industry Classification Cyberis Reply Limited operates under SIC code 62090 (“Other information technology service activities”), placing it within the UK’s IT services and cybersecurity consultancy segment. The company describes itself on its website as an information security consultancy, which is a niche, people-based professional services model rather than a product or infrastructure business. It is classified as a small company under the Companies House size thresholds, with a balance sheet of approximately £2.06 million, 42 employees, and total exemption from audit under the small companies regime. Its accounts are prepared under FRS 102 Section 1A (small entities). The balance sheet is asset-light, with tangible fixed assets of only £5,938 at the latest period end, consistent with a consultancy whose value derives from staff expertise and client relationships rather than capital equipment.

Relative Performance The accounts state that net assets have increased from £307,038 at 31 March 2018 to £1,128,099 at 31 December 2025, indicating sustained accumulation of retained earnings over the period. Liquidity is a particular strength relative to typical small IT services firms: current assets of £2,053,828 against current liabilities of £931,667 produce a current ratio of roughly 2.2:1, which is comfortably above the 1.5:1 benchmark often viewed as adequate for service businesses. Cash at bank was £819,496 at the latest year end, down from £1,400,998 at 31 March 2025, though still substantial for a company of this scale. Gearing is minimal, with bank loans of £16,769 and no material long-term borrowings disclosed. Trade debtors of £722,840 and accruals and deferred income of £472,368 reflect a standard professional-services billing cycle, although the absence of a filed profit and loss account (per the small companies’ exemption) means revenue growth and profitability margins cannot be directly assessed from the filed balance sheet alone.

Sector Trends Impact The UK cybersecurity consultancy market is being shaped by several structural trends. Heightened ransomware and supply-chain threat levels, together with the evolving UK regulatory environment (including UK GDPR, the NIS Regulations, and anticipated cyber resilience legislation), are sustaining demand for external information security advice. There is also a visible trend toward consolidation, with larger European IT services groups acquiring niche UK cybersecurity practices to broaden their service offerings. The company’s own disclosure of a sale on 31 January 2026, and its status as more than 75% owned by corporate PSC Reply Limited, places it within this consolidation dynamic. Sector-wide pressures include competition for certified cybersecurity talent, wage inflation for technical staff, and a client shift toward managed security services and recurring-revenue engagements rather than one-off projects. These trends favour firms with strong balance sheets and group backing, both of which appear to characterize Cyberis Reply Limited’s current position.

Competitive Positioning Cyberis Reply Limited is best characterized as a niche player within the broader IT services market, specializing in information security consultancy rather than competing as a generalist systems integrator or managed service provider. Its London location at Grosvenor Gardens situates it within the UK’s principal corporate and financial services client base. Relative to typical competitors, its strengths include a low-debt balance sheet, strong net current assets, and the backing of a larger corporate owner (Reply Limited), which should provide cross-selling opportunities and financial resilience. Weaknesses or structural limitations include its small scale, dependence on professional staff utilization and retention, limited tangible asset base, and the absence of publicly disclosed revenue concentration or recurring-revenue metrics. The accounts note a change of name to Cyberis Reply Limited on 3 March 2026 and a shortening of the accounting reference date following the sale, indicating a period of ownership transition and integration into the parent group’s reporting structure.