CRYPTIX LIMITED

Executive Summary

Cryptix Limited is a young private limited company with a healthy balance sheet and good liquidity indicators, suggesting low immediate solvency risk. However, limited operational history and lack of disclosed profitability data constrain a full assessment of business sustainability. Further due diligence on financial performance and business model specifics is recommended to confirm ongoing viability.

CRYPTIX LIMITED - Analysis Report

Company Number: 14416935

Analysis Date: 2025-07-29 13:15 UTC

1. Risk Rating: LOW
   Justification: Cryptix Limited exhibits a solid and improving financial position with positive net assets and net current assets, no overdue filings, and a single director with full ownership and control. The company is relatively new but shows growth in equity and liquidity, supporting its ability to meet obligations.

2. Key Concerns:

• Limited operating history since incorporation in October 2022, which restricts the ability to assess long-term operational stability.
• Absence of an income statement and profit & loss disclosure limits insight into profitability, cash flow generation, and operational performance.
• Reliance on a single director/shareholder may present governance and succession risks if unforeseen events occur.

3. Positive Indicators:

• Strong net current assets of £35,406 as of 31 October 2024, indicating good short-term liquidity to cover liabilities of £20,345.
• Significant increase in net assets from £27,816 to £61,992 in one year, reflecting capital injection or retained earnings growth.
• Cash on hand rose substantially from £17,427 to £35,955, supporting operational liquidity.
• Compliance with filing deadlines for accounts and confirmation statements, evidencing good regulatory adherence.
• No indications of liquidation, administration, or director disqualification.

4. Due Diligence Notes:

• Obtain and review management accounts or internal financials including profit & loss and cash flow statements to assess operational performance and sustainability.
• Clarify the nature and valuation of intangible assets (£14,500 in cryptocurrency) and the associated risk or volatility this may introduce.
• Investigate the company’s business model, revenue sources, and customer base given the SIC code “Financial intermediation not elsewhere classified,” to understand market position and regulatory environment.
• Review related party transactions or loans, given single shareholder/director control, to assess potential conflicts of interest or financial exposure.
• Confirm plans for scaling the workforce beyond one employee and any strategic initiatives to enhance operational stability.