Company Number: 13451652

Analysis Date: 2025-07-29 14:47 UTC

1. Risk Rating: HIGH
   Justification: The company’s latest financials show a significant deterioration in liquidity and net asset position. As of 30 June 2024, ALLDEV LTD reported current liabilities (£7,450) exceeding current assets (£2,096) by a substantial margin, resulting in negative net current assets and net assets of -£5,354. This negative equity position indicates solvency concerns and potential inability to meet short-term obligations.

2. Key Concerns:

• Solvency Risk: The company’s net liabilities position in the latest accounts signals it may not be able to cover debts, raising risk of insolvency if not addressed promptly.
• Liquidity Issues: Cash holdings have fallen sharply from £4,815 in 2023 to £1,906 in 2024, while current liabilities increased materially. This suggests cash flow stress and potential difficulty in meeting immediate obligations.
• Operational Sustainability: The company has only a single director and employee, with minimal share capital (£1.00), and no audit or detailed financial disclosures. The negative equity and reduced liquidity question the ongoing viability of operations.

3. Positive Indicators:

• Compliance: The company is active and has filed accounts and confirmation statements on time with no overdue filings. This indicates basic regulatory compliance and governance discipline.
• No Related Party Transactions: Absence of related party dealings reduces risk of conflicts of interest or undisclosed liabilities.
• Small Company Filing Regime: The company benefits from simplified reporting requirements which may reduce administrative burden and costs.

4. Due Diligence Notes:

• Investigate the reasons behind the sharp increase in current liabilities and negative equity in the latest year.
• Review cash flow statements and trading performance to assess whether losses are operational or due to one-off factors.
• Confirm the nature of the liabilities and whether any creditor arrangements or restructuring plans are in place.
• Assess the director’s plans to restore solvency or inject further capital, given the minimal share capital and single director structure.
• Evaluate business model sustainability considering limited scale (one employee/director) and industry risks in IT service activities.