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.