EVERSKY LTD

Executive Summary

EVERSKY LTD shows a high risk profile primarily due to significant long-term creditor liabilities that far exceed its net assets, combined with a lack of employees and limited operating history. While the company maintains good compliance with filing deadlines and has a clear governance structure, the substantial financial obligations raise concerns about solvency and operational sustainability. Further due diligence is required to clarify debt terms and business viability before considering investment.

EVERSKY LTD - Analysis Report

Company Number: 14457265

Analysis Date: 2025-07-29 13:05 UTC

1. Risk Rating: HIGH
   Despite reporting net assets of £42,399, the company’s balance sheet reveals a significant creditor liability (£1,365,238) due after more than one year, which far exceeds current assets (£1,407,637). This large long-term liability relative to equity signals a high solvency risk and potential financial distress.

2. Key Concerns:

• Excessive Long-Term Liabilities: Creditors due after more than one year represent a substantial financial obligation (>£1.3m) that dwarfs the company’s net assets, raising solvency doubts.
• No Employees and Limited Operating History: Incorporated in late 2022 with zero employees, suggesting minimal operational activity and uncertain revenue generation capacity.
• Micro-Entity Status with Minimal Filings: The company is in the micro category, limiting the amount of financial disclosure and audit scrutiny, potentially obscuring financial risks.

3. Positive Indicators:

• Up-to-Date Filings: Accounts and confirmation statements are filed on time with no overdue status, demonstrating compliance with statutory requirements.
• Active Status and Clear Governance: The company remains active with a named director holding control, and no indications of insolvency proceedings or director disqualifications.
• Shareholder Diversity: Control is distributed among three individuals, potentially supporting governance oversight.

4. Due Diligence Notes:

• Investigate the nature and terms of the £1.36m creditors due after one year to understand repayment obligations, covenants, and counterparties.
• Confirm the company’s business model and revenue streams given it operates in open-ended investment activities but has no employees and limited historical data.
• Review cash flow statements and management forecasts (if available) to assess liquidity and operational sustainability.
• Assess any related party transactions given the shared surnames and shareholder control structure.
• Verify compliance with regulatory requirements specific to investment companies under SIC code 64304.