GREENDEV LTD

Executive Summary

Greendev Ltd is a financially stable micro-entity with improving net assets and no regulatory compliance issues. The company operates in a capital-light software development sector but relies on director advances for some financing, which warrants further review. Overall, it presents a low-risk profile with a need to verify operational sustainability and funding strategy.

GREENDEV LTD - Analysis Report

Company Number: 14314860

Analysis Date: 2025-07-20 11:53 UTC

1. Risk Rating: LOW
   Greendev Ltd exhibits sound financial stability for a micro-entity with positive net current assets and net assets that have increased year-on-year. The company is up to date with all statutory filings, and there are no indications of insolvency or regulatory non-compliance.

2. Key Concerns:

• Reliance on a single director for financing advances, as there is an outstanding director loan which, although small and interest-free, could indicate limited external funding sources.
• The company's fixed assets are zero, reflecting a possible lack of tangible capital or investment in long-term resources, which may affect operational scalability.
• Very limited employee base (average 1 employee), which might constrain operational capacity and growth potential.

3. Positive Indicators:

• Consistent and increasing net current assets (from £8,009 in 2023 to £11,734 in 2024) and net assets, demonstrating improving liquidity and equity position.
• No overdue filings for accounts or confirmation statements, indicating good governance and regulatory compliance.
• Operating in a software development sector (SIC 62012), which typically has low capital expenditure and high scalability potential.
• No indications of contingent liabilities, guarantees, or financial commitments outside the balance sheet.

4. Due Diligence Notes:

• Investigate the nature and terms of the director’s loan in more detail: repayment plans and whether this reliance on director advances is sustainable or if it masks liquidity constraints.
• Review business model and client base to assess revenue streams and operational sustainability beyond the micro-entity scale.
• Confirm absence of external debt or off-balance-sheet liabilities that might impact financial health.
• Assess future funding strategies and any plans for asset acquisition or employee expansion to support growth.