AMICABLE TECHNOLOGIES LIMITED

Executive Summary

Amicable Technologies Limited is a newly established small private company with a stable balance sheet and no compliance issues evident. Working capital is positive and improving, supporting short-term solvency, though limited scale and short financial history warrant further review. Governance concentration and lack of detailed profitability data are key areas for additional due diligence.

AMICABLE TECHNOLOGIES LIMITED - Analysis Report

Company Number: 14374902

Analysis Date: 2025-07-20 18:37 UTC

1. Risk Rating: LOW
   Amicable Technologies Limited demonstrates a stable financial position with positive net current assets and net assets, no overdue filings, and no indications of insolvency or governance issues. The company is early in its lifecycle but shows prudent management of working capital.

2. Key Concerns:

• Limited Scale and Resources: The company has minimal fixed assets, a very small workforce (average one employee), and modest cash balances, which may limit operational flexibility and growth capacity.
• Concentration of Control: Majority shareholding and control are held by a single individual (Mr Hassan Rehan Syed), which could pose governance risks if succession or management issues arise.
• Early Stage Financial History: Incorporated in late 2022, the company’s financial track record is short, limiting historical performance data for robust trend analysis.

3. Positive Indicators:

• Positive Working Capital and Net Assets: Net current assets increased from £6,058 to £8,507 year-on-year, indicating improving liquidity and ability to meet short-term obligations.
• Timely and Compliant Filings: No overdue accounts or confirmation statements; accounts prepared under FRS 102 and abridged accounts filed appropriately for a small company.
• Clear Industry Classification: The company operates in IT consultancy and online retail sectors, which benefit from digital economy growth trends.

4. Due Diligence Notes:

• Examine Revenue and Profitability Details: Since income statement data is not filed (abridged accounts), request management accounts or additional financials to assess profitability and cash flow trends.
• Review Director Backgrounds: Validate no adverse director conduct records or disqualifications, especially given changes and concentration of director roles.
• Assess Customer and Supplier Contracts: Understand the nature and duration of contracts to gauge operational sustainability and revenue stability.
• Clarify Shareholder and Governance Structure: Confirm the arrangements related to majority control and any minority shareholder protections.