KEY SPACE PROJECTS LIMITED

Executive Summary

Key Space Projects Limited shows a sound financial position with strong net current assets and no regulatory compliance issues, supporting a low risk rating. However, its limited operating history and notable accruals warrant further cash flow analysis to fully assess liquidity. Governance structure involving multiple significant controllers merits monitoring for operational stability.

KEY SPACE PROJECTS LIMITED - Analysis Report

Company Number: 14067205

Analysis Date: 2025-07-29 19:11 UTC

1. Risk Rating: LOW
   The company demonstrates a strong net asset position relative to its size and category, with no overdue filings or indications of distress. Its micro-entity status and recent incorporation limit the historical data but do not currently indicate solvency or liquidity concerns.

2. Key Concerns:

• Limited operating history: Incorporated in 2022, the company has only two full years of financial data, restricting trend analysis and long-term viability assessment.
• Accruals and deferred income amounting to £40,822 suggest future obligations or income recognition timing that should be monitored for cash flow impact.
• Shareholder structure is fragmented among four significant controllers, which could pose governance challenges if conflicting interests emerge.

3. Positive Indicators:

• Strong net current assets of £142,839 as of 31 March 2024 provide a comfortable liquidity buffer against current liabilities of £86,895.
• No overdue accounts or confirmation statements, indicating good regulatory compliance and governance discipline.
• Directors are also significant shareholders, which often aligns management incentives with company performance and stability.

4. Due Diligence Notes:

• Clarify the nature and timing of the accruals and deferred income to assess any potential liquidity strain in upcoming periods.
• Review cash flow statements and projections if available, to verify operational cash generation and working capital management.
• Investigate any intercompany transactions or dependencies given that two PSCs are corporate entities in related sectors.
• Confirm the operational status and business model sustainability given the micro-entity classification and limited asset base.