Company Number: 15380077

Analysis Date: 2025-07-29 16:57 UTC

1. Risk Rating: LOW
   ION PAY LTD presents a low financial risk based on the available data. The company is newly incorporated (Jan 2024), has filed timely accounts and confirmation statements without overdue filings, and shows positive net assets. The micro-entity balance sheet indicates a healthy working capital position and no employees, thus limited operational complexity or overhead.

2. Key Concerns:

• Short operating history: With only one financial year completed, limited historical data restricts assessment of earnings stability and operational cash flows.
• Creditors falling due after one year (£11,460): These longer-term liabilities require monitoring to ensure future solvency as the business grows.
• Single director and 100% ownership concentration: This can present governance and succession risks if not mitigated by robust controls.

3. Positive Indicators:

• Strong net current assets (£25,453) exceed current liabilities (£11,460), indicating good liquidity and short-term financial health.
• Positive net assets (£15,493) and shareholder funds reflect initial capital investment and no apparent accumulated losses.
• Compliance with filing deadlines and no overdue accounts or confirmation statements show good governance and regulatory adherence.
• No employees reduce fixed costs and operational risk during early development.

4. Due Diligence Notes:

• Review detailed notes on the £11,460 creditors due after more than one year to understand nature and repayment terms.
• Monitor future filings for revenue generation, profitability, and cash flow trends as the company transitions from start-up phase.
• Confirm any contingent liabilities or off-balance sheet commitments not disclosed in micro-entity accounts.
• Assess director’s business plan and funding sources given sole control and early stage status.
• Verify absence of director disqualifications or regulatory actions beyond the data provided.