Company Number: 15027719

Analysis Date: 2025-07-20 12:50 UTC

1. Risk Rating: LOW
   Flick Technologies Ltd is a newly incorporated private limited company with a solid net current asset position of approximately £618k against current liabilities of £290k. The company is solvent with positive shareholders' funds and no overdue filings, indicating good compliance and governance. The absence of audit requirements for this small entity and the fact that it holds substantial investments rather than cash may suggest a strategic asset base.

2. Key Concerns:

• Lack of detailed income statement and limited financial history due to recent incorporation restricts comprehensive operational and profitability assessment.
• Cash holdings are minimal (£431), which could present liquidity challenges if immediate cash outflows are required, despite overall strong current assets (mainly investments).
• Single director ownership and control (100% PSC) may pose governance concentration risk and reliance on one individual for strategic and operational decisions.

3. Positive Indicators:

• Strong net current assets position indicating the company is currently solvent and can meet short-term obligations comfortably.
• No overdue statutory filings with Companies House, demonstrating good regulatory compliance and governance.
• Investments comprise the majority of current assets, suggesting a potentially stable asset base rather than reliance on receivables or stock.
• The director is also the sole shareholder, simplifying decision-making and accountability.

4. Due Diligence Notes:

• Review the nature and liquidity of the investments (£907.8k) classified as current assets to determine how quickly these can be converted to cash if needed.
• Obtain or review any available income statements or management accounts to assess operational profitability and cash flow generation.
• Clarify the business plan and expected revenue streams given the company’s very recent incorporation and limited employee count (1).
• Assess any related party transactions or director loans given sole director/shareholder status.
• Verify the absence of contingent liabilities or off-balance sheet commitments that might impact financial stability.