DIGITAL HEALTHTECH LTD

Executive Summary

Digital Healthtech Ltd exhibits a high financial risk profile due to negative net assets and a significant working capital deficit, indicating solvency and liquidity challenges. While regulatory filings are current and governance appears straightforward, the company's minimal scale and financial position raise concerns about operational sustainability. Further due diligence on liabilities and business strategy is recommended before considering investment.

DIGITAL HEALTHTECH LTD - Analysis Report

Company Number: 14053323

Analysis Date: 2025-07-20 11:34 UTC

1. Risk Rating: HIGH
   The company shows significant negative net assets (£-4,143 as of April 2024) and current liabilities exceeding current assets by a large margin (£3,979 liabilities vs £49 assets). This indicates solvency concerns and potential inability to meet short-term obligations.

2. Key Concerns:

• Solvency Risk: Negative net assets and working capital deficit suggest the company is currently insolvent on a balance sheet basis.
• Liquidity Concerns: Extremely low current assets (only £49) against nearly £4,000 in current liabilities signals cash flow challenges and risk of defaulting on payments.
• Operational Stability: The company employs only one person (the director) and has minimal assets, which raises questions about the sustainability and scale of operations.

3. Positive Indicators:

• Compliance: The company is up to date with filing accounts and confirmation statements, indicating regulatory compliance and good governance in this respect.
• Ownership Transparency: Single controlling director holding 75-100% shares and voting rights provides clear accountability.
• No Overdue Filings: No overdue accounts or confirmation statements reduce regulatory risk.

4. Due Diligence Notes:

• Investigate the nature and terms of the current liabilities to assess repayment timelines and creditor risk.
• Understand the business model and revenue generation strategy given the micro-entity scale and minimal assets.
• Review any off-balance sheet liabilities or contingent risks not evident in the filings.
• Confirm whether the company has access to additional funding or support from the sole director or related parties.
• Clarify reasons behind the recent name change (from FITVELA LTD to DIGITAL HEALTHTECH LTD) and any operational changes associated.