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).