Company Number: 13014329

Analysis Date: 2025-07-20 14:41 UTC

1. Risk Rating: HIGH
   Daskan242a Limited exhibits a high risk profile primarily due to significant liquidity concerns evidenced by large current liabilities exceeding current assets by a wide margin, resulting in negative net current assets over several years. The company’s solvency is marginal despite positive net assets driven by fixed assets, which may lack liquidity to meet short-term obligations.

2. Key Concerns:

• Severe Liquidity Shortfall: Current liabilities (~£808k) significantly exceed current assets (~£25k) at the latest year-end, indicating potential cash flow problems to meet short-term debts.
• Reliance on Fixed Assets: The company’s net assets (~£109k) are almost entirely composed of fixed assets (£892k), with minimal current assets, raising concerns about the ability to convert assets quickly if needed.
• Limited Financial Disclosure: The absence of a profit and loss account and limited financial narrative reduces transparency about operational performance and cash flow generation.

3. Positive Indicators:

• Compliance and Timely Filings: Accounts and confirmation statements are filed on time with no overdue filings, indicating good regulatory compliance and governance in this regard.
• Stable Ownership and Management: Directors and persons with significant control have remained consistent, with no reported disqualifications or governance issues.
• Micro Entity Reporting: The company benefits from simplified reporting, reducing administrative burden and costs.

4. Due Diligence Notes:

• Investigate the nature and valuation of fixed assets to assess liquidity and marketability.
• Obtain the profit and loss account or management accounts to evaluate operational cash flows and profitability.
• Review creditor composition and payment terms to understand short-term liabilities and potential refinancing risks.
• Confirm absence of contingent liabilities or off-balance sheet obligations that could impact solvency.
• Assess the operational model and business plan for sustainability given the financial structure.