GO GRAPHIX LTD

Executive Summary

GO GRAPHIX LTD, a recently incorporated private limited company, currently exhibits a high-risk financial profile with net liabilities exceeding net assets, indicating potential insolvency and liquidity challenges. While regulatory compliance is maintained and governance appears clear, the company’s early negative equity position demands further scrutiny of its cash flow and operational viability to support ongoing business activities.

GO GRAPHIX LTD - Analysis Report

Company Number: 15352667

Analysis Date: 2025-07-20 16:09 UTC

1. Risk Rating: HIGH
   The company’s financials show net current liabilities of £29,284 and total net liabilities of the same amount. This indicates insolvency on a balance sheet basis. Negative net assets at this very early stage of trading raise significant solvency concerns.

2. Key Concerns:

• Solvency risk: The net current liabilities and total net liabilities position suggests the company cannot meet its short-term obligations from current assets, indicating possible insolvency.
• Liquidity issues: Current liabilities (£37,366) far exceed current assets (£8,082), indicating poor liquidity and potential cash flow problems.
• Operational viability: The company was incorporated in December 2023 and the first accounts show a negative equity position with no fixed assets, which questions the sustainability of operations without additional financing.

3. Positive Indicators:

• No overdue filings: Both accounts and confirmation statements are up to date, which suggests compliance with regulatory filing requirements.
• Clear control structure: Two directors each holding 25-50% shares and voting rights provides transparent governance with defined leadership.
• Micro-entity reporting: Simplicity of accounts reduces complexity and administrative burden at this early stage.

4. Due Diligence Notes:

• Verify cash flow projections and working capital plans to understand how the company intends to cover current liabilities.
• Investigate sources of finance and any creditor arrangements supporting the negative net asset position.
• Assess trading performance, contracts, and pipeline to confirm operational sustainability.
• Review director background and track record, given the company’s fragile financial start.
• Confirm no contingent liabilities or off-balance sheet obligations that could exacerbate financial stress.