BOOSTIFLY LTD

Executive Summary

BOOSTIFLY LTD exhibits significant financial deterioration with negative net assets and liquidity challenges as of the latest accounts. While regulatory compliance is maintained, the lack of employees and worsening financial metrics raise concerns about operational sustainability and solvency risk. Further due diligence on creditor terms and business activity is recommended before investment consideration.

BOOSTIFLY LTD - Analysis Report

Company Number: 13816521

Analysis Date: 2025-07-29 20:16 UTC

1. Risk Rating: HIGH
   The company shows a significant deterioration in financial position as of the latest accounts date, with net assets turning negative (-£6,991) in 2024 from positive £5,059 in 2023. The increase in creditors falling due after more than one year to £9,025 and a drastic drop in current assets from £10,600 to £2,034 suggests liquidity stress and potential solvency concerns.

2. Key Concerns:

• Negative net assets and shareholders’ funds as of 2024 year-end indicate potential insolvency risk.
• Current liabilities have increased substantially and significantly exceed current assets, signaling liquidity constraints.
• No employees reported during recent periods, which may imply limited operational activity or reliance on contractors, raising questions about sustainability.

3. Positive Indicators:

• The company is fully compliant with filing deadlines for accounts and confirmation statements, showing no regulatory compliance issues.
• Directors are clearly identified with full control and have promptly approved accounts, reflecting governance discipline.
• The company operates within the IT services sector (SIC 62090), which may offer growth opportunities if operational issues can be addressed.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors (£9,025) to understand repayment obligations and impact on cash flow.
• Clarify the reasons behind the sharp decline in current assets and negative net assets in 2024 compared to prior years.
• Review business model and revenue generation given zero employees and assess whether the company is operationally active or at risk of dormancy.
• Confirm if any contingent liabilities or off-balance sheet obligations exist that could further impact financial stability.
• Verify the relationship and financial transactions between the two directors/owners given their equal control stakes.