IRUM ATLAS LTD

Executive Summary

IRUM ATLAS LTD exhibits high solvency and liquidity risk, reflected in persistent negative equity and substantial net current liabilities. While regulatory compliance is up to date, the absence of employees and minimal assets raise questions about operational sustainability. Further investigation into liabilities and business viability is recommended before considering investment.

IRUM ATLAS LTD - Analysis Report

Company Number: 13127765

Analysis Date: 2025-07-20 13:31 UTC

1. Risk Rating: HIGH
   The company's financials show persistent negative net current assets and shareholders' funds, indicating a weak solvency position. Current liabilities significantly exceed current assets, suggesting liquidity stress. The company has no employees and minimal fixed assets, raising concerns about operational sustainability.

2. Key Concerns:

• Solvency and Negative Equity: Shareholders’ funds are substantially negative (£-18,424 as of 31 July 2023), highlighting accumulated losses and an impaired capital base.
• Liquidity Shortfall: Current liabilities (~£23,414) far exceed current assets (~£4,079), resulting in a net current liability position of about £19,335, which indicates the company may struggle to meet short-term obligations.
• Operational Viability: No recorded employees and minimal fixed assets suggest limited operational activity or scale, which could undermine the company’s ability to generate sustainable revenues and cash flow.

3. Positive Indicators:

• Compliance with Filing Obligations: The company’s accounts and confirmation statements are filed on time, with no overdue filings noted, demonstrating good regulatory compliance.
• Single Director Control: Mrs. Sebina Hussain owns 75-100% of shares and acts as director and secretary, which may allow for streamlined decision-making.
• Micro-entity Status: Small scale and micro-entity filing status reduce compliance burden, possibly reflecting a low-cost operational model.

4. Due Diligence Notes:

• Investigate the nature of current liabilities to understand if any are overdue or subject to enforcement action.
• Review cash flow statements or bank statements (if available) to assess liquidity beyond balance sheet snapshots.
• Clarify the company’s business model and revenue streams, given the absence of employees and minimal assets.
• Assess any related party transactions or loans that may impact financial stability.
• Confirm if there are any contingent liabilities or off-balance sheet commitments.
• Review director’s plans or forecasts for returning to profitability or restructuring debt.