Company Number: 13814694

Analysis Date: 2025-07-20 11:23 UTC

1. Risk Rating: MEDIUM
   CERYNIA LIMITED demonstrates modest net assets and positive working capital but operates with limited scale and no employees. The company's solvency position is currently adequate with net assets of £3,178 and positive net current assets of £26,444 as of 31 December 2023. However, the increase in accruals and deferred liabilities, combined with minimal operational scale, suggests moderate risk that warrants monitoring.

2. Key Concerns:

• Growing liabilities: Creditors falling due after more than one year rose significantly from £5,549 in 2022 to £23,266 in 2023, indicating increasing long-term obligations that could strain future cash flows.
• No employees: The company reported zero employees during the period, which may raise questions about operational sustainability and reliance on directors or contractors.
• Low net asset base: Shareholders’ funds remain very low (£3,178), reflecting limited capital buffer to absorb potential losses or economic shocks.

3. Positive Indicators:

• Positive net current assets: The company maintains positive working capital (£26,444), suggesting it can currently meet short-term obligations.
• Improved cash position: Cash increased substantially from £5,800 to £39,619, supporting liquidity.
• Timely filings: No overdue accounts or confirmation statements indicate good compliance with statutory reporting requirements.
• Stable directorship: Directors and secretary have been in place since incorporation, with no disqualifications reported, supporting governance stability.

4. Due Diligence Notes:

• Review the nature and terms of the significant accruals (£23,266) to assess repayment risk and impact on cash flow.
• Investigate the company’s business model and how it operates without employees; clarify whether services are outsourced or conducted by directors.
• Confirm revenue streams and profitability trends since profit and loss details were not filed with Companies House.
• Verify the extent of director remuneration or related party transactions that might affect financial stability.
• Assess the company’s strategic plans for growth or capital raising given the limited equity base.