CURIS INTELLIGENCE LIMITED

Executive Summary

Curis Intelligence Limited shows recurring financial deficits with negative working capital and shareholders' funds, reflecting solvency and liquidity risks. While regulatory filings are current and ownership is consolidated, the company depends heavily on director funding to maintain operations. Further due diligence should focus on funding arrangements and the viability of ongoing business activities.

CURIS INTELLIGENCE LIMITED - Analysis Report

Company Number: 13128056

Analysis Date: 2025-07-19 12:53 UTC

1. Risk Rating: HIGH
   Curis Intelligence Limited exhibits significant solvency and liquidity concerns, with persistent negative net current assets and shareholders' funds over multiple years. The company relies on director support for going concern, indicating financial vulnerability.

2. Key Concerns:

• Negative Net Current Assets and Shareholders' Funds: The company recorded net current liabilities of £3,062 and negative equity of £2,367 as of 31 January 2024, deteriorating from previous years, signaling ongoing financial distress.
• Minimal Revenue Generation and Debtors: Debtor balances remain negligible (£100 in 2024), suggesting limited operational cash inflows, raising questions about sustainable cash generation.
• Dependence on Director Financial Support: The going concern statement explicitly notes reliance on the director's intention to continue funding the company to meet liabilities, indicating operational cash flow insufficiency and heightened risk if support ceases.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is active and has filed accounts and confirmation statements on time, demonstrating regulatory compliance.
• Clear Ownership and Control: Ownership is clearly identified with Coldven Limited and Mr. Henry Richard Francis Elphick controlling 75-100% of shares and voting rights, which may facilitate decision-making and capital injections if needed.
• Intangible Assets Investment: The company holds intangible assets (patents and licences) with a net book value of £695, indicating some investment in intellectual property that may support future operations.

4. Due Diligence Notes:

• Investigate the nature and valuation of intangible assets to assess their potential to generate future economic benefits.
• Review director and shareholder financial support arrangements, including any informal or formal funding commitments, to understand liquidity backup.
• Analyze business model viability and revenue plans given the absence of employees and minimal debtor balances.
• Confirm there are no undisclosed liabilities or contingent obligations that could exacerbate financial risk.
• Assess risks related to shareholder structure given the dual control by a limited company and the director with overlapping control rights.