FIREFLY IMAGING LTD

Executive Summary

FIREFLY IMAGING LTD demonstrates a low financial risk profile based on its positive net asset growth and current compliance status as a micro-entity operating in the media production sector. However, operational stability is less clear due to the absence of employees and limited financial history. Further inquiry into its revenue model and director capacity is recommended to fully assess sustainability.

FIREFLY IMAGING LTD - Analysis Report

Company Number: 15095788

Analysis Date: 2025-07-29 14:26 UTC

1. Risk Rating: LOW
   The company shows a solid net asset position with positive net current assets and has met all filing deadlines. There are no indications of financial distress or regulatory non-compliance. As a micro-entity with no employees and growing net assets, short-term solvency and liquidity risks appear minimal.

2. Key Concerns:

• Lack of employees: No recorded employees could indicate operational dependence on the director or contractors, which may limit scalability or operational stability.
• Limited financial history: Incorporated in 2023 with only two years of financial data limits visibility on long-term performance and resilience.
• Industry risk: Operating in television and motion picture production activities can be volatile and project-dependent, which could impact consistent revenue streams.

3. Positive Indicators:

• Strong net assets growth: Net assets increased from £70,832 to £102,545 within one year, indicating strengthening equity and financial position.
• Positive working capital: Net current assets improved substantially to £63,496, suggesting good short-term liquidity to meet obligations.
• Compliance: All statutory filings, including accounts and confirmation statements, are up to date with no overdue filings, indicating sound governance.

4. Due Diligence Notes:

• Investigate sources of revenue and cash flow predictability given the project-based nature of the industry.
• Clarify operational model and reliance on contractors versus employees to assess sustainability and scalability.
• Confirm director’s background and capacity to manage the company effectively given sole control and no other directors.
• Review any off-balance-sheet commitments or contingent liabilities not reflected in micro-entity accounts.