Company Number: 13888766

Analysis Date: 2025-07-20 19:18 UTC

1. Risk Rating: LOW
   IKOBAD LIMITED shows a stable solvency position with net assets positive and no current liabilities as of the latest accounts. The company is compliant with filing deadlines, has a clear ownership structure, and operates within a regulated healthcare SIC code. The micro-entity status limits detailed financial disclosure but available data suggest low immediate financial risk.

2. Key Concerns:

• Very limited asset base (£2,582 net assets) indicating minimal capital buffer against unexpected expenses or downturns.
• Significant reduction in current assets from £18,448 in 2023 to £2,582 in 2024 may indicate cash usage or investment without clear offsetting liabilities.
• Single director/sole shareholder structure concentrating operational and governance risk on one individual.

3. Positive Indicators:

• No overdue filings and accounts submitted on time demonstrating regulatory compliance and governance discipline.
• Absence of current liabilities and creditors after more than one year as of latest accounts indicates no outstanding debts or obligations threatening solvency.
• Operating in a healthcare-related sector (hospital activities) which tends to have steady demand and regulatory oversight.

4. Due Diligence Notes:

• Investigate the reason for significant drop in current assets year-on-year and how liquidity is managed given the low cash balance.
• Review operational revenue streams and contracts to assess business sustainability beyond micro-entity thresholds.
• Confirm any contingent liabilities or off-balance sheet exposures not reflected in unaudited micro-entity accounts.
• Assess director’s experience and capacity to manage company risks given sole control and occupation outside typical business management.