Company Number: 13884757

Analysis Date: 2025-07-29 17:28 UTC

1. Risk Rating: LOW

Justification: FANTABULA LIMITED demonstrates strong net asset growth and positive working capital, with no overdue filings or liquidation status. The company’s financial position as of 28 February 2025 shows a substantial increase in fixed assets and improved liquidity, indicating capacity to meet obligations.

2. Key Concerns:

• Director and Secretary Turnover: High turnover of directors and secretary within short periods during 2023-2024 suggests potential governance or operational instability.
• Concentration of Control: Ownership and control are highly concentrated with one individual and one corporate entity holding 75-100% of shares and voting rights, which may pose risks related to decision-making and minority interests.
• Limited Employee Base: With only one employee reported, operational scalability and resilience could be limited, raising concerns about dependency on key personnel.

3. Positive Indicators:

• Strong Balance Sheet Growth: Net assets nearly doubled from approx. £327k in 2024 to £620k in 2025, driven by increased fixed assets and improved current asset position.
• Positive Liquidity: Net current assets increased significantly to £31,727 in 2025, indicating good short-term liquidity and ability to cover current liabilities.
• Compliance: No overdue accounts or confirmation statements, timely filings suggest good regulatory compliance.

4. Due Diligence Notes:

• Investigate reasons behind frequent director and secretary resignations in 2023-2024 to assess governance risks.
• Review nature and valuation of fixed assets that have increased substantially to ensure no overstatement or illiquidity.
• Assess business model sustainability given micro-entity size and minimal staff, including dependence on key personnel.
• Obtain more detailed financial information on revenue, profitability, and cash flows as these are not disclosed in micro-entity filings.
• Confirm the relationship between the PSC individuals/entities and any potential conflicts of interest or related-party transactions.