DEVIANT SKINCARE LTD
Executive Summary
Deviant Skincare Ltd presents a low-risk profile based on available financials, showing consistent positive net assets and timely compliance with filing obligations. Some asset reductions merit further review, but overall liquidity and solvency appear sound for a micro-entity. Additional financial details and management due diligence would provide greater insight into operational stability.
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This analysis is opinion only and should not be interpreted as financial advice.
DEVIANT SKINCARE LTD - Analysis Report
Risk Rating: LOW
Deviant Skincare Ltd demonstrates a strong liquidity position with substantial positive net current assets and net assets relative to current liabilities. It files accounts and confirmation statements on time and shows no indications of regulatory non-compliance or director misconduct.Key Concerns:
- Declining fixed assets and current assets year-over-year from 2023 to 2024 could indicate reduced investment or sales fluctuations requiring monitoring.
- Minimal share capital (£2.00) may limit capital buffer though offset by retained earnings in reserves.
- Limited scale and micro-entity status restricts the depth of available financial data, limiting insight into profitability and cash flow trends.
- Positive Indicators:
- Strong net current assets (£269k) and net assets (£272k) relative to current liabilities (£38k) indicate good short-term and overall solvency.
- No overdue filings for accounts and confirmation statements demonstrate good governance and regulatory compliance.
- Directors are clearly identified with no records of disqualification, and both are actively involved since incorporation.
- The company operates in wholesale of perfume and cosmetics, a sector with steady demand, and maintains a stable employee base.
- Due Diligence Notes:
- Review detailed profit and loss information and cash flow statements if available to assess operational profitability and cash generation.
- Investigate the reason behind the reduction in fixed and current assets from 2023 to 2024 to understand operational impacts or asset disposals.
- Confirm the nature of current liabilities and any contingent liabilities to assess potential liquidity risks.
- Consider director background checks beyond disqualification records to evaluate management quality.
- Verify the accuracy of financial statements given they are unaudited and compiled by an accountant, which may affect reliability.
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