111 LTD

Executive Summary

111 LTD presents a high-risk profile due to sustained and growing negative net assets and severe liquidity shortfalls. The lack of turnover and continuing losses raise concerns about its operational viability. While regulatory filings are up to date, significant further investigation is necessary to understand the company’s ability to meet obligations and future prospects.

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Company Analysis

This analysis is opinion only and should not be interpreted as financial advice.

111 LTD - Analysis Report

Company Number: 13025742

Analysis Date: 2025-07-20 14:39 UTC

  1. Risk Rating: HIGH
    The company shows persistent and increasing negative net assets and net current liabilities over successive years, indicating serious solvency and liquidity issues. The micro-entity size and lack of turnover further exacerbate concerns regarding operational sustainability.

  2. Key Concerns:

  • Solvency Risk: The net liabilities have grown from £5,233 in 2020 to £22,192 in 2024, reflecting ongoing losses and inability to cover obligations with assets.
  • Liquidity Concerns: Current liabilities significantly exceed current assets (£24,119 vs. £1,625 in 2024), indicating potential cash flow difficulties to meet short-term debts.
  • Operational Stability: Zero reported turnover in the latest year with continuing losses (£7,082 in 2024) and minimal income (£27) suggests the business is not generating sustainable revenue.
  1. Positive Indicators:
  • The company complies with filing deadlines for accounts and confirmation statements, indicating regulatory compliance and governance discipline.
  • Director and sole significant controller remain consistent, potentially allowing for stable decision-making.
  • The company is small and benefits from micro-entity reporting standards, reducing administrative burden.
  1. Due Diligence Notes:
  • Investigate the nature of the liabilities driving the large current liabilities and whether any repayment plans or creditor negotiations exist.
  • Assess the management’s plan to restore profitability or restructure operations given zero turnover in recent periods.
  • Confirm if the company has access to external funding or shareholder support given the negative equity position.
  • Verify the completeness and accuracy of financial records given the unaudited status and limited financial disclosures.
  • Review any contingent liabilities or off-balance sheet commitments not evident in the accounts.

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