ILYAAS LTD

Executive Summary

ILYAAS LTD is a small, privately controlled micro-entity operating in freight transport with a modest but stable financial position and compliance record. While its positive net current assets and timely filings indicate low immediate risk, limited scale and concentration of control warrant closer analysis of operational viability and cash flow sustainability. Further due diligence on profitability and management capacity is advisable for a comprehensive risk assessment.

ILYAAS LTD - Analysis Report

Company Number: 13658527

Analysis Date: 2025-07-20 19:05 UTC

1. Risk Rating: LOW
   ILYAAS LTD demonstrates a stable micro-entity financial position with positive net current assets and net assets that have improved year-on-year. The absence of overdue filings and a single director/secretary who is also the principal shareholder suggests effective governance at this scale.

2. Key Concerns:

• Limited Scale and Resources: As a micro-entity with minimal assets (£2,830 net assets), the company may have limited resilience to financial shocks or unexpected expenses.
• Director Concentration Risk: The same individual holds all significant control and management roles, which may increase governance risk and reduce oversight.
• Minimal Financial Disclosure: The accounts are unaudited and prepared under the micro-entity regime, limiting the detail available to assess operational performance or cash flow robustness.

3. Positive Indicators:

• Positive Working Capital: Net current assets have increased to £2,830 in 2024 from £2,005 in 2023, indicating the company can meet short-term liabilities.
• Up-to-Date Filings: Both accounts and confirmation statements are filed on time with no overdue returns, reflecting regulatory compliance.
• Consistent Shareholder Funding: Shareholders' funds have increased steadily, reflecting some reinvestment or retained earnings.

4. Due Diligence Notes:

• Investigate Revenue and Profitability: Financial statements lack profit and loss detail; understanding revenue streams, margins, and profitability is essential.
• Assess Cash Flow Stability: Confirm actual cash flow sufficiency given small asset base and liabilities.
• Review Director’s Capacity: Given the director’s occupation as a driver and sole management role, assess whether sufficient management capacity and expertise exists to sustainably run the business.
• Confirm Customer and Supplier Base: Validate business continuity and operational risks given company size and industry (freight transport by road).