Company Number: 13604372

Analysis Date: 2025-07-29 19:26 UTC

1. Risk Rating: HIGH
   Eco-Ked Limited demonstrates a persistent negative net asset position and net current liabilities over the last three financial years, indicating significant solvency concerns. The company’s inability to generate positive working capital raises liquidity and operational sustainability questions.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The net liabilities stand at £4,702 for 2024, improving slightly from £7,233 in 2023 but still negative, showing the company’s liabilities exceed its assets, which is a sign of financial distress.
• Low Current Assets Relative to Liabilities: Current assets are minimal (£2,370 in 2024) compared to current liabilities (£7,372), suggesting tight liquidity and potential cash flow difficulties to meet short-term obligations.
• Lack of Audit and Limited Financial Disclosure: Being a micro-entity exempt from audit limits transparency and external verification of financial health, which may hide underlying operational weaknesses or governance issues.

3. Positive Indicators:

• Timely Filing Compliance: The company is up to date with its statutory accounts and confirmation statement filings, indicating good regulatory compliance and governance discipline.
• Stable Management Team: The company has consistent directors (Kevin and Rei Veizi) since incorporation, which may provide operational continuity.
• Increasing Employee Count: The average number of employees doubled from 1 to 2 in 2024, potentially signaling modest operational growth or scaling efforts.

4. Due Diligence Notes:

• Verify the nature and terms of current liabilities to assess risk of imminent creditor actions or refinancing needs.
• Review cash flow statements (if available) or bank statements to evaluate actual liquidity and ability to fund operations in the short term.
• Investigate business model viability and revenue generation capacity given ongoing negative equity and working capital deficits.
• Confirm no director disqualifications or regulatory sanctions beyond publicly available information, especially given the company’s distressed financial position.
• Assess any related-party transactions or financial support from shareholders, particularly from the two directors who hold significant control.