FAST SHIFT LTD

Executive Summary

FAST SHIFT LTD shows a severe solvency and liquidity risk with significantly negative net current assets and liabilities as of December 2023 despite maintaining compliance with filing requirements. The company’s minimal asset base and increasing liabilities raise concerns about financial stability and operational sustainability. Further investigation into the underlying causes of financial deterioration and business viability is strongly recommended before considering investment.

FAST SHIFT LTD - Analysis Report

Company Number: 13816033

Analysis Date: 2025-07-29 15:17 UTC

1. Risk Rating: HIGH
   The company exhibits a significant solvency concern demonstrated by its substantial negative net current assets and net liabilities position, which deteriorated markedly from 2022 to 2023.

2. Key Concerns:

• Solvency risk: Net current liabilities increased from approximately £46.7k in 2022 to £186.7k in 2023, with total net liabilities worsening from £47k to £187.5k. This indicates inability to cover short-term debts with current assets.
• Liquidity concerns: Current assets remain minimal at £100, while current liabilities have surged, suggesting severe cash flow constraints and potential difficulty meeting immediate obligations.
• Operational scale and sustainability: The company operates as a micro-entity with only one employee and minimal reported assets, raising questions about operational viability and revenue generation capacity to service liabilities.

3. Positive Indicators:

• Compliance: All statutory filings including accounts and confirmation statements are up to date with no overdue filings or penalties noted.
• Active status: The company is active with no liquidation or administration proceedings underway.
• Clear governance: Presence of a single named director with no public disqualifications or compliance issues.

4. Due Diligence Notes:

• Investigate the nature and cause of the large increase in current liabilities in 2023, including creditor types and payment terms.
• Review revenue and cash flow statements (not provided) to assess operational cash generation and sustainability.
• Confirm whether the company has any contingent liabilities or off-balance sheet debts contributing to financial pressure.
• Understand the business model and market position, especially given payment system operations in Armenia, to assess future viability.
• Verify whether the negative equity position has been addressed or plans exist for capital injection or restructuring.