AMTECH ASSET HOLDINGS LTD

Executive Summary

AMTECH ASSET HOLDINGS LTD exhibits moderate financial stability with positive net current assets and compliance in statutory filings. However, declining net assets and cash position coupled with limited financial disclosures warrant further scrutiny on liquidity and operational performance before investment. Overall, the company presents a medium risk profile pending deeper due diligence.

AMTECH ASSET HOLDINGS LTD - Analysis Report

Company Number: 14094210

Analysis Date: 2025-07-20 15:47 UTC

1. Risk Rating: MEDIUM

While AMTECH ASSET HOLDINGS LTD maintains positive net current assets and shareholder funds, the company exhibits a declining net asset base and reduced cash reserves year-over-year. The limited financial disclosure (abridged, unaudited accounts) and relatively short operational history introduce uncertainty that tempers the overall risk assessment.

2. Key Concerns:

• Declining Net Assets and Cash Position: Net assets decreased from £19,974 in 2023 to £15,392 in 2024, and cash on hand dropped significantly from £63,484 to £26,981, potentially indicating tightening liquidity.
• Substantial Debtors Relative to Cash: Debtors remain large (£125,400) compared to cash, raising concerns about cash flow timing and debtor collectability.
• Limited Financial Transparency: Filing abridged, unaudited accounts with no profit and loss statement reduces visibility into profitability, operational cash flows, and expense management.

3. Positive Indicators:

• Positive Working Capital: Net current assets are healthy at £40,881 as of 2024, indicating the company’s ability to cover short-term liabilities.
• No Overdue Filings: All statutory filings are up to date, demonstrating compliance with Companies House requirements.
• Stable Ownership and Governance: Directors are long-standing and based at the company’s registered address; no adverse director conduct records evident.

4. Due Diligence Notes:

• Review detailed profit and loss data to understand revenue, expenses, and cash flow trends not disclosed in abridged accounts.
• Assess debtor aging and credit risk to verify collectability and impact on liquidity.
• Investigate the nature of long-term liabilities (£31,589) and their repayment terms to evaluate solvency risk.
• Confirm ongoing operational viability given the reduction in employee count and fixed asset investment.
• Verify no director disqualifications or regulatory issues beyond publicly available records.