GR TECHNOLOGY LTD

Executive Summary

GR TECHNOLOGY LTD is a recently incorporated small private company demonstrating low financial risk with improving liquidity and compliance records. While operational scale and history are limited, current asset and cash positions are adequate to cover liabilities. Further due diligence on profitability and debtor quality is recommended to confirm ongoing financial stability and operational sustainability.

GR TECHNOLOGY LTD - Analysis Report

Company Number: SC753698

Analysis Date: 2025-07-29 15:44 UTC

1. Risk Rating: LOW
   GR TECHNOLOGY LTD exhibits a low risk profile based on the available financial and compliance data. The company is active, current with all filings, and shows improving net current assets and net equity. The modest scale and recent incorporation limit long-term trend analysis but do not raise immediate solvency or liquidity concerns.

2. Key Concerns:

• Limited Operating History: Incorporated in late 2022, the company has a short financial track record, which restricts assessment of operational sustainability and growth trajectory.
• Small Scale of Operations: With only one employee and modest asset base (£12k current assets), the company’s operational scale is minimal, potentially impacting resilience to shocks or unexpected expenses.
• Reliance on Single Director/Shareholder: Mr. Gary Mark Rivett controls 100% of shares and voting rights, concentrating governance and operational risk in one individual, which may affect continuity and oversight.

3. Positive Indicators:

• Positive Net Working Capital: As of 31 March 2024, net current assets stand at £3,868, up from £1,600 the previous period, indicating improved short-term liquidity.
• Adequate Cash Position: Cash on hand increased significantly to £7,175 from £1,138, supporting the company’s ability to meet immediate liabilities (£8,434 current liabilities).
• Timely Compliance: All statutory accounts and confirmation statements are filed on time, demonstrating regulatory compliance and good governance practices for a small private company.
• No Long-Term Debt: The absence of creditors falling due after one year reduces solvency pressure from long-term obligations.

4. Due Diligence Notes:

• Review Income and Profitability Metrics: The abridged accounts do not include profit and loss data; obtaining detailed financial performance reports would clarify operational stability and sustainability.
• Examine Debtor Quality: Debtors constitute a significant portion (£5,127) of current assets; assessing collectability and ageing could reveal liquidity risks.
• Assess Business Model and Revenue Streams: Understanding the nature of consulting activities under SIC 71122 and client concentration would help gauge operational risk and growth potential.
• Verify Preference Share Liabilities: Notes mention preference shares treated as financial liabilities; confirm the extent and terms of these to evaluate any contingent liabilities.
• Confirm Director’s Capacity and Succession Plans: Given single director control, investigate governance arrangements and risk mitigation for continuity.