Company Number: 15365282

Analysis Date: 2025-07-29 20:34 UTC

1. Risk Rating: HIGH
   Given the company's extremely limited financial base, minimal net assets (£10), and very recent incorporation, the risk that ELYSIS LTD may face solvency and liquidity challenges is high. The company’s financials indicate a micro entity with minimal operating scale and resources, which raises concerns about its ability to meet obligations without additional capital injection or revenue growth.

2. Key Concerns:

• Minimal Net Assets: Total net assets stand at only £10, providing negligible financial buffer to absorb operating losses or unexpected liabilities.
• Liquidity Position: Current assets (£2,984) barely cover current liabilities (£2,974), resulting in marginal net current assets (£10), indicating very tight working capital.
• Start-up Phase Uncertainty: Incorporated in December 2023 with less than one full year of trading, the company lacks an established trading history to assess operational stability or revenue generation capacity.

3. Positive Indicators:

• Compliance with Filings: Accounts and confirmation statements are filed on time, with no overdue submissions, reflecting good regulatory compliance and governance discipline.
• Sole Director Ownership: The director, Dr. Mahfooz Hasan, holds full ownership and control, which may enable swift decision-making and aligned interests in business success.
• Micro Entity Exemptions: The company benefits from small company accounting exemptions, reducing administrative burdens in early stages.

4. Due Diligence Notes:

• Review Business Model and Revenue Streams: Investigate the company’s plans for generating sustainable income in its medical practice activities (SIC 86210).
• Cash Flow Forecasts and Capital Requirements: Obtain management forecasts to understand liquidity needs and whether additional funding is anticipated.
• Director Background and Capacity: Assess the director’s experience managing a medical practice business and ability to scale operations effectively.
• Employee Roles and Costs: Clarify the roles of the two employees listed and associated cost structure to evaluate operational scalability and burn rate.
• Potential Off-Balance Sheet Liabilities: Confirm absence of contingent liabilities or guarantees not reflected in the accounts.