AURORA NETWORKS LIMITED

Executive Summary

Aurora Networks Limited is a small but solvent micro-entity demonstrating positive net assets and a clean compliance record. While operational scale and capitalisation remain limited, the company shows financial stability with no immediate solvency or liquidity concerns. Further due diligence on underlying business performance and cash flows would provide a fuller risk assessment.

AURORA NETWORKS LIMITED - Analysis Report

Company Number: 13142119

Analysis Date: 2025-07-20 19:13 UTC

1. Risk Rating: LOW
   Aurora Networks Limited demonstrates a solid net asset position for a micro entity, with positive net current assets and no overdue filings. The company appears solvent and compliant, with consistent shareholder equity growth and manageable liabilities.

2. Key Concerns:

• Limited scale: As a micro-entity with only one employee and minimal fixed assets, operational scalability and revenue generation capacity are constrained.
• Thin share capital: The nominal share capital of £10 suggests limited initial capitalisation, which may restrict financial flexibility.
• Lack of audit and limited disclosures: While compliant with micro-entity exemptions, the absence of audited accounts reduces transparency and increases reliance on management reporting.

3. Positive Indicators:

• Positive working capital: Net current assets have remained strong (£12.5k at latest year-end), indicating ability to meet short-term obligations.
• Growing equity base: Shareholders funds increased from £6k in 2021 to £13.7k in 2025, reflecting retained earnings or capital injections.
• Compliance record: Accounts and confirmation statements are filed on time, indicating good governance and regulatory adherence.
• Stability of director: Sole director appointed at incorporation remains current, reducing governance risk.

4. Due Diligence Notes:

• Investigate revenue streams and profitability trends since inception to confirm operational sustainability beyond balance sheet data.
• Review cash flow statements if available to assess liquidity dynamics and working capital management.
• Verify any off-balance sheet liabilities or contingent risks not evident in micro-entity accounts.
• Assess business model viability given limited scale and capitalisation, especially in competitive telecommunications sector.
• Confirm absence of director disqualifications or adverse conduct records for Mr. Andrew Graham.