APPTORACK LIMITED

Executive Summary

Apptorack Limited exhibits a declining financial position with shrinking net assets and working capital over recent years, raising medium-level concerns on liquidity and solvency despite current regulatory compliance. The company’s operational reliance on a single director and minimal equity base suggests heightened risk, warranting further investigation into its business model and cash flow sustainability before investment consideration.

APPTORACK LIMITED - Analysis Report

Company Number: 13105433

Analysis Date: 2025-07-19 13:03 UTC

1. Risk Rating: MEDIUM
   While Apptorack Limited remains active with timely filings and no overdue accounts or returns, the significant decline in net assets and net current assets over the last two years signals potential solvency and liquidity pressures for this micro-entity.

2. Key Concerns:

• Shrinking Net Assets: Net assets have decreased sharply from £15,614 in 2020 to £1,302 in 2023, suggesting erosion of the company's equity base.
• Declining Working Capital: Net current assets dropped from £16,614 (2020) to £1,302 (2023), indicating reduced short-term liquidity cushion.
• Single Director and Employee: Operational dependency on one individual may pose key-person risk and limit business continuity.

3. Positive Indicators:

• Compliance: The company is up to date with accounts and confirmation statement filings, indicating sound regulatory compliance.
• No Overdue Filings: No penalties or late filings reported, reflecting good governance discipline.
• Conservative Structure: As a micro private limited company with minimal share capital (£1), the company likely keeps operational costs low.

4. Due Diligence Notes:

• Investigate causes of asset and equity decline, including profit and loss trends, to assess sustainability of operations.
• Review cash flow statements (if available) to confirm liquidity position and ability to meet short-term obligations.
• Assess the nature and volume of contracts or revenues, especially in IT consultancy and TV production, to confirm business viability.
• Consider director’s background and capacity to manage the company alone, including succession planning.
• Verify any contingent liabilities or off-balance-sheet risks not reflected in the micro entity accounts.