BUILD WITH ION LTD

Executive Summary

BUILD WITH ION LTD operates as a micro-entity in the domestic construction sector with ongoing liquidity and solvency challenges, as evidenced by persistent negative net current assets and minimal net equity. While regulatory compliance and stable management are positive factors, the company's financial fragility and limited publicly available operational data warrant careful further investigation before investment consideration.

BUILD WITH ION LTD - Analysis Report

Company Number: 13481788

Analysis Date: 2025-07-29 19:04 UTC

1. Risk Rating: HIGH
   The company exhibits a high risk profile primarily due to persistent negative net current assets and very low net asset levels, indicating potential difficulties in meeting short-term liabilities.

2. Key Concerns:

• Liquidity Deficit: The company shows significant negative net current assets (£-33,629 for 2024), which worsened substantially compared to prior years, signaling cash flow pressures and possible inability to cover short-term debts.
• Minimal Net Assets: Net assets remain very low (£192 in 2024) despite an increase in fixed assets, indicating a fragile equity base and limited financial cushion.
• Small Scale with Limited Financial Transparency: As a micro-entity, the company files under simplified accounting standards and does not publish a profit and loss account, restricting full insight into profitability and operational performance.

3. Positive Indicators:

• Active Status with Up-to-Date Filings: The company is active and has met all filing deadlines for accounts and confirmation statements, indicating compliance with regulatory requirements.
• Stable Ownership and Management: The sole director and majority shareholder is consistent, with no records of disqualification or adverse governance issues.
• Growth in Fixed Assets: Fixed assets increased notably from £5,379 in 2023 to £33,829 in 2024, which may indicate investment in operational capacity or equipment.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities to understand liquidity risks and potential refinancing needs.
• Review cash flow statements and profit and loss details (if obtainable) to assess operational cash generation and profitability trends.
• Assess the reason for the significant increase in fixed assets and whether these are financed through debt or equity.
• Confirm the absence of contingent liabilities or off-balance-sheet obligations that could exacerbate solvency risks.
• Evaluate contracts or backlog to determine future revenue visibility and operational sustainability.