Company Number: 13119812

Analysis Date: 2025-07-20 13:38 UTC

1. Risk Rating: MEDIUM
   Ebene Limited shows a small but active private limited company profile with positive net assets and no overdue filings. However, the significant deterioration in net current assets in the latest year and relatively modest share capital suggest some liquidity risks and operational challenges that warrant caution.

2. Key Concerns:

• Negative Net Current Assets (Working Capital Deficit): As of April 2024, current liabilities (£67,378) substantially exceed current assets (£43,998), leading to a negative working capital of -£23,380, a reversal from prior years' positive position. This raises concerns about short-term liquidity and the ability to meet immediate obligations.
• Increased Current Liabilities: Current liabilities more than doubled from approximately £31,808 in 2023 to £67,378 in 2024 without a corresponding increase in current assets, which may indicate increased short-term debt or payables pressure.
• Director Turnover: The resignation of a director in July 2024 may impact governance or operational continuity, especially given the sole significant control held by a single individual. Concentrated control can pose governance risks if not balanced by strong oversight.

3. Positive Indicators:

• Positive Net Assets and Equity Growth: Despite liquidity concerns, net assets and shareholders’ funds increased from £13,302 in 2023 to £27,509 in 2024, driven largely by an increase in fixed assets and retained earnings, indicating some reinvestment and profitability.
• Stable Compliance and Filing: The company has no overdue accounts or confirmation statements, demonstrating regulatory compliance and good administrative practices.
• Growing Employee Base: Average number of employees increased from 18 to 21, suggesting operational expansion or scale-up.

4. Due Diligence Notes:

• Examine Nature and Maturity of Current Liabilities: Investigate the composition of the current liabilities increase—trade payables, short-term borrowings, or other accruals—and assess if refinancing or payment terms pose risk.
• Cash Flow Analysis: Obtain cash flow statements to assess operational cash generation and whether liquidity pressures are temporary or structural.
• Director and Governance Review: Review impact of recent director resignation and concentration of control in one individual on governance and decision-making processes.
• Profitability and Revenue Trends: As turnover and profit details are not disclosed here, review full profit and loss accounts to ascertain business sustainability and margins.
• Asset Valuation and Depreciation: Confirm the valuation and impairment policies of fixed assets, especially given significant additions and increased net book value.