Company Number: 14280808

Analysis Date: 2025-07-29 18:58 UTC

1. Risk Rating: HIGH
   Agimo Ltd exhibits significant financial distress as evidenced by persistent negative net current assets and shareholders’ funds, with liabilities substantially exceeding cash and other current assets. The company’s inability to cover short-term obligations raises serious concerns regarding solvency and liquidity.

2. Key Concerns:

• Severe Negative Net Assets: The company’s net liabilities worsened from approximately £7,260 in 2023 to over £32,000 in 2024, indicating growing accumulated losses and erosion of equity.
• Poor Liquidity Position: Cash reserves remain minimal (£1,313 in 2024) relative to current liabilities (£33,402), including director loans and taxes, suggesting acute short-term cash flow constraints.
• No Employees and Limited Operational Insight: The absence of employees reported raises questions about the operational status and sustainability of the business model in the residential care sector.

3. Positive Indicators:

• Compliance and Timely Filings: The company is up to date with its accounts and confirmation statement filings, reducing regulatory risk.
• No Audit Requirement: As a small company, it benefits from audit exemption, which may reduce administrative burden and costs.
• Director Involvement: Presence of a named director and consistent accounting policies indicate some governance structure is in place.

4. Due Diligence Notes:

• Investigate Nature and Terms of Director Loans: Clarify conditions, repayment schedules, and whether these loans are being actively serviced or converted to equity.
• Assess Business Activities and Revenue Generation: Given zero employees and ongoing losses, verify if the company is trading, dormant, or reliant on external funding.
• Review Tax and Social Security Obligations: Confirm whether the liabilities to HMRC are being managed to avoid enforcement actions.
• Explore Future Funding or Restructuring Plans: Determine if there are plans or commitments to address the capital deficiency and improve financial health.