GEMINI ANTIQUES LIMITED

Executive Summary

Gemini Antiques Limited presents a low financial risk profile supported by strong liquidity, positive net assets, and timely filing compliance. However, the declining turnover and minimal operational infrastructure warrant further inquiry to understand sustainability prospects. Overall, the company appears solvent and compliant with no immediate red flags from publicly available data.

GEMINI ANTIQUES LIMITED - Analysis Report

Company Number: 13568777

Analysis Date: 2025-07-29 20:23 UTC

1. Risk Rating: LOW
   Gemini Antiques Limited demonstrates strong net current assets relative to liabilities, positive retained earnings, and compliance with statutory filing deadlines. The company maintains a healthy liquidity position with minimal short-term liabilities, suggesting a low risk of insolvency in the near term.

2. Key Concerns:

• Declining Turnover: Revenue decreased from £71,904 in 2023 to £52,673 in 2024, indicating potential challenges in sales or market demand.
• No Fixed Assets: The absence of fixed assets might imply a lack of tangible capital investment, which could impact operational capacity or scalability.
• Zero Employees: With no employees on record, the company may be heavily reliant on the director or contractors, which could present operational continuity risks.

3. Positive Indicators:

• Strong Liquidity: Current assets significantly exceed current liabilities (£129,665 vs. £3,038), resulting in a robust net working capital of £126,627.
• Consistent Profitability: Despite the turnover decline, the company remains profitable with a £7,530 net profit in 2024 and positive retained earnings.
• Compliance and Governance: Accounts and confirmation statements are filed on time, with no overdue filings noted, indicating good regulatory compliance.

4. Due Diligence Notes:

• Investigate causes for the turnover decrease and assess market conditions or competitive pressures impacting sales.
• Clarify the operational model given the lack of employees and fixed assets—determine if business is outsourced or director-operated.
• Review cash flow statements if available to confirm liquidity quality beyond balance sheet figures.
• Verify any contingent liabilities or off-balance sheet risks despite the accounts disclosure stating none.
• Assess director's background and capacity to maintain ongoing business operations given the micro-entity scale and staffing model.