Company Number: 13109643

Analysis Date: 2025-07-20 17:47 UTC

1. Risk Rating: MEDIUM
   The company demonstrates positive net assets and improving financial metrics, but the sizeable director loan and significant long-term creditors introduce some risk to solvency and liquidity.

2. Key Concerns:

• The company has a large director’s loan balance of £409,089 which is interest-free and repayable on demand, representing a potential liquidity risk if repayment was demanded unexpectedly.
• Long-term creditors have increased substantially to £477,018, which could indicate reliance on external financing or deferred liabilities that may pressure future cash flows.
• The business has no employees reported, which may raise questions about operational capacity and sustainability unless it is a holding company or uses outsourced services.

3. Positive Indicators:

• Net assets have grown significantly from a negative position in 2022 (-£2,392) to a positive £422,518 in 2025, showing strengthening equity.
• The company maintains a healthy net current asset position (£171,273) with current assets exceeding current liabilities, indicating short-term liquidity.
• No overdue filings or compliance issues are apparent; accounts and confirmation statements are filed on time, demonstrating good regulatory compliance.
• The presence of substantial intangible assets (£695,107) suggests investment in proprietary technology or intellectual property, potentially supporting future revenue streams.

4. Due Diligence Notes:

• Investigate the nature and terms of the director’s loan and long-term creditor balances to understand repayment schedules, security, and impact on cash flow.
• Clarify the business model and operational structure, including how the company operates without employees and whether it outsources or relies on contractors.
• Review turnover and profitability details (not available in the current accounts) to assess revenue generation and operational sustainability.
• Confirm the identity and role of Numo Group Limited as a person with significant control, and understand group relationships if applicable.
• Assess the valuation and amortization policies related to intangible assets to verify asset quality and impairment risks.