CHIMP BRAIN LIMITED

Executive Summary

Chimp Brain Limited is a micro private limited company demonstrating a stable solvency position with positive net assets and current assets exceeding liabilities. The company maintains good compliance with filing requirements and shows a modest asset base supporting operations. However, its small size, concentration of control, and recent name change warrant further investigation to fully understand the operational and governance risks.

CHIMP BRAIN LIMITED - Analysis Report

Company Number: 13584580

Analysis Date: 2025-07-20 12:05 UTC

1. Risk Rating: LOW
   Chimp Brain Limited shows positive net assets and net current assets, indicating solvency. There are no overdue filings or indications of regulatory non-compliance. The company is micro-sized with limited financial complexity, and its financial position has improved year-on-year.

2. Key Concerns:

• Limited financial scale and single employee suggest a small operational base, potentially affecting long-term sustainability and growth prospects.
• The company changed its name recently (Feb 2024), which could warrant inquiry to understand the rationale and any associated risks.
• Reliance on one person with significant control (Joshua Van Etten) may present governance concentration risk.

3. Positive Indicators:

• Positive net current assets (£10,780) and net assets (£7,326) as of March 2024 show adequate solvency to meet short-term obligations.
• No overdue accounts or confirmation statements; filings are up to date, indicating good regulatory compliance.
• The company’s micro-entity filing status reduces complexity but still demonstrates modest asset growth and maintained equity.
• Industry classifications in specialised design and IT consultancy suggest engagement in knowledge-based, potentially scalable activities.

4. Due Diligence Notes:

• Investigate the nature and reason behind the recent name change from VAN ETTEN DESIGN LIMITED to CHIMP BRAIN LIMITED to assess any impact on business continuity or reputation.
• Review the company’s customer base, revenue streams, and cash flow trends, as turnover and profit data are not available from the micro-entity accounts.
• Assess the operational capacity and sustainability given the single employee and limited fixed assets.
• Confirm no undisclosed liabilities or contingent risks exist beyond the current liabilities reported.