IDTECH SYSTEMS UK LTD

Executive Summary

Idtech Systems UK Ltd is a newly formed micro-entity exhibiting negative net assets and current liabilities exceeding current assets, raising concerns about its solvency and liquidity. While compliant with filings and showing operational activity, the company’s limited financial history and small scale suggest significant execution and financial risks. Further due diligence on cash flow, business prospects, and director backgrounds is recommended to assess its sustainability.

IDTECH SYSTEMS UK LTD - Analysis Report

Company Number: 14673325

Analysis Date: 2025-07-29 18:25 UTC

1. Risk Rating: HIGH
   The company shows net current liabilities and negative net assets within its first year of operation, indicating a weak financial position. The micro-entity scale and limited operational history increase uncertainty around its ability to meet obligations and sustain operations.

2. Key Concerns:

• Negative net assets (£-1,219) and net current liabilities (£-919) suggest solvency risk despite the company being newly incorporated.
• Minimal asset base (£11,344 current assets) and liabilities exceeding current assets imply liquidity challenges.
• Single employee and very limited financial history restrict insight into operational stability and cash flow generation.

3. Positive Indicators:

• The company is compliant with filing obligations; no overdue accounts or confirmation statements reported.
• Active website and multiple contact emails indicate some level of operational presence and customer engagement.
• Ownership and control are clearly defined with two directors/shareholders, which may facilitate decision-making and governance.

4. Due Diligence Notes:

• Investigate the nature and timing of cash inflows and outflows to assess liquidity trajectory and working capital management.
• Review any related party transactions or loans that may support solvency beyond the balance sheet figures.
• Clarify business model viability, customer contracts, and pipeline to evaluate operational sustainability.
• Confirm background and track record of key directors, particularly given the recent changes in appointments and resignations.
• Examine any contingent liabilities or off-balance sheet commitments that could impact financial position.