ALLEGN LIMITED

Executive Summary

Allegn Limited’s financial statements reveal ongoing losses and working capital deficits, signaling high solvency and liquidity risk. The company’s lack of operational activity and negative shareholders’ funds present challenges to sustainability. However, compliance with statutory filings and transparency in control provide some governance assurance. Further due diligence into liabilities and business operations is essential.

ALLEGN LIMITED - Analysis Report

Company Number: 13525184

Analysis Date: 2025-07-29 15:04 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency issues with persistent negative net assets and net current liabilities, indicating it is unable to meet short-term obligations from current assets. The absence of employees and minimal fixed assets suggest limited operational activity or capacity.

2. Key Concerns:

• Negative Shareholders’ Funds: Shareholders’ funds have deteriorated to -£6,080 as of 31 December 2023, worsening from previous years, indicating ongoing losses or accumulated deficits.
• Working Capital Deficit: Net current assets stand at -£7,117, meaning current liabilities exceed current assets, raising concerns about liquidity and the ability to pay debts as they fall due.
• Lack of Operational Activity: The company reported zero employees and minimal fixed assets (£37), with no indication of turnover or income, suggesting the business may not be trading or generating revenue.

3. Positive Indicators:

• Compliance With Filings: The company is up to date with statutory filings (accounts and confirmation statement) and is not overdue, which reflects good governance in terms of regulatory compliance.
• Stable Director and PSC Structure: The company has a consistent director since incorporation and identified persons with significant control registered, indicating transparency in ownership and management.
• Micro Entity Status: As a micro entity, the company benefits from simplified reporting requirements that may reduce administrative burdens.

4. Due Diligence Notes:

• Investigate the nature and sources of the company’s liabilities to understand the cause of negative net assets and assess any contingent liabilities or creditor risks.
• Examine whether the company is currently trading or operational, including review of any trading agreements or business plans that might indicate future viability or restructuring.
• Confirm the financial support arrangements, if any, from shareholders or related parties given the negative equity position.
• Review any director or shareholder loans or guarantees that may impact financial stability.
• Assess the company’s strategy or timeline for returning to positive net assets and liquidity.

Executive Summary:
Allegn Limited demonstrates high financial risk due to persistent negative net assets and net current liabilities, coupled with limited operational indicators such as zero employees and minimal assets. While the company complies with filing requirements and maintains clear governance structures, the financial position raises significant solvency and liquidity concerns that warrant detailed investigation before considering investment.