HANDY UNITY LTD

Executive Summary

HANDY UNITY LTD is a newly formed micro-entity with a very modest financial base and a straightforward ownership structure. Current data indicates low immediate risk with good compliance, but its operational and financial viability remains to be demonstrated as it develops beyond its start-up phase. Continued monitoring of business performance and governance practices is recommended.

HANDY UNITY LTD - Analysis Report

Company Number: 15361801

Analysis Date: 2025-07-29 18:16 UTC

1. Risk Rating: LOW

Justification: HANDY UNITY LTD is a recently incorporated micro-entity with minimal financial activity reported for its first full year ending 31 December 2024. The company shows a positive net current asset position (£479) and no overdue filings or compliance issues. The shareholder equity matches net assets, indicating no external liabilities beyond current creditors. The single director and shareholder holds full control, and the company has met all filing deadlines to date, suggesting sound governance for its scale and age.

2. Key Concerns:

• Very limited financial scale: Current assets and net assets of only £479 reflect minimal operational activity and financial buffer, which may limit the company’s ability to absorb shocks or finance growth.
• Single director/shareholder structure: Complete control by one individual (Mr. Ali Zghari) concentrates decision-making risk and may reduce oversight.
• Early stage of operations: Incorporated in December 2023 with one reported employee and minimal turnover expected; business sustainability and commercial viability remain unproven.

3. Positive Indicators:

• No overdue statutory filings: Both accounts and confirmation statement are up to date, indicating good compliance discipline.
• Positive net current assets: Despite small size, the company’s current assets exceed current liabilities, suggesting it can meet short-term obligations.
• Clear ownership and management: The PSC and director are clearly identified with no reported disqualifications or governance concerns.

4. Due Diligence Notes:

• Investigate business model viability: Given the company’s recent incorporation and minimal financial footprint, assess revenue generation plans and client pipeline.
• Review director background and capacity: Verify director’s experience relevant to the SIC codes (web portals, IT services, retail via internet) and potential conflicts of interest.
• Monitor financial progression: Track subsequent accounts and cash flow statements for evidence of growth or liquidity pressures as operations scale.