ELLIOTT & MORGAN LTD

Executive Summary

Elliott & Morgan Ltd is a newly established private limited company demonstrating sound liquidity and solvency positions in its first year of operation. While limited operating history constrains a full risk assessment, the absence of regulatory issues and positive net assets are favorable. Further review of goodwill and operational performance is recommended to confirm sustainability.

ELLIOTT & MORGAN LTD - Analysis Report

Company Number: 15438635

Analysis Date: 2025-07-20 11:32 UTC

1. Risk Rating: LOW
   Justification: Elliott & Morgan Ltd is a newly incorporated private limited company with its first full financial year accounts filed as of 31 March 2025. The company reports positive net assets (£11,690) and net current assets (£4,690), indicating an ability to meet short-term obligations. Cash holdings (£7,962) exceed current liabilities (£3,272), supporting liquidity. There are no overdue filings or indications of regulatory non-compliance.

2. Key Concerns:

• New company with limited operating history (incorporated January 2024), which restricts ability to assess operational stability and long-term viability.
• Relatively small scale of operations with minimal fixed assets (£7,000) and a modest equity base, which may limit financial resilience to shocks.
• Presence of goodwill (£4,500 net) on the balance sheet in a micro company context should be monitored closely, as impairment risk exists if anticipated benefits do not materialize.

3. Positive Indicators:

• Strong liquidity position with cash exceeding current liabilities, indicating good short-term solvency.
• Positive net assets and shareholders’ funds showing initial capital and retained earnings accumulation.
• No overdue statutory filings or compliance issues, demonstrating good governance and regulatory adherence.
• Directors are experienced and hold significant control, suggesting clear decision-making structure.

4. Due Diligence Notes:

• Investigate the nature and origin of the goodwill asset to understand underlying business transactions and associated risks.
• Review turnover and profit trends once further accounts are available to confirm business sustainability and growth prospects.
• Monitor related party transactions or loans that may not be evident from the current data.
• Confirm ongoing compliance with Companies House filing obligations given the new incorporation date.
• Assess directors’ prior experience and track records to validate management capability.