The director presents his annual report and financial statements for the year ended 30 November 2024.
Vatix Limited provides Software-as-a-Service (SaaS) and technology-enabled solutions in the Governance, Risk, and Compliance (GRC) and Environmental, Health, Safety, and Quality (EHSQ) categories. The company offers a comprehensive portfolio that includes incident reporting, audits and inspections, risk management, lone worker safety, and document and policy management. Its mission is to enable organisations to take a holistic approach to risk, quality, and safety management, and to support the development of world-class compliance and governance regimes that protect people and strengthen organisational resilience.
The company serves private companies, government bodies, and not-for-profit organisations across a wide range of industries. Particular emphasis is placed on regulated and higher-risk sectors such as healthcare, life sciences, aerospace and defence, and financial services, while its solutions are also widely deployed in business services, logistics, facilities management, and manufacturing. This breadth of adoption reflects the increasing importance of integrated risk and compliance management across all sectors of the economy.
Overview
The company now supports more than 55,000 users worldwide, with particular emphasis on the EMEA and North American regions. Its solutions enable organisations to manage risk proactively, respond effectively to emergencies, prevent incidents, and embed a strong culture of compliance and continuous improvement.
The diversity of the customer base – from multinational corporations and financial institutions to SMEs, public sector organisations, and charities – demonstrates the adaptability and scalability of the company’s offering. By partnering with organisations across this spectrum, it helps clients digitise processes, achieve compliance, and improve safety and quality outcomes.
The business model is based on multi-year subscription services, providing a stable foundation for sustainable growth. This approach enables the company to establish long-term client relationships, ensuring the consistent delivery of value, proactive support, and solutions aligned to evolving organisational requirements.
In providing these services, the company may, from time to time, utilise resources from other companies within the Vatix Group. This supports efficiency and knowledge sharing while ensuring it continues to maintain high standards of service and support for its customers.
The director who held office during the year and up to the date of signing the financial statements was:
The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Vatix Limited is a private company limited by shares incorporated in England and Wales. The registered office is 30 Great Guildford Street, London, SE1 0HS.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
The average monthly number of persons (including directors) employed by the company during the year :
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows: