Company Number: 13003572

Analysis Date: 2025-07-20 14:37 UTC

1. Risk Rating: LOW
   LIGELTE LIMITED demonstrates a stable and improving financial position with positive net assets and net current assets in the latest financial year. The company is compliant with filing deadlines and shows no signs of regulatory or governance issues. The small scale and limited liabilities reduce immediate solvency risks.

2. Key Concerns:

• Low absolute cash reserves (£2,052 as of 2024) may limit operational flexibility despite positive net current assets.
• The company's fixed assets are minimal (£375), reflecting limited capital investment which may constrain growth or operational capacity.
• Single-person operation (1 employee) could present operational risk if key personnel become unavailable.

3. Positive Indicators:

• Net current assets improved significantly from a negative £168 in 2023 to a positive £324 in 2024, indicating better short-term liquidity management.
• Shareholders’ funds have increased from £309 in 2023 to £699 in 2024, showing retained earnings growth and strengthening equity base.
• The company is current with all statutory filings (accounts and confirmation statements), demonstrating good regulatory compliance.
• No audit exemption accepted for statutory filings, with accounts prepared in accordance with FRS 102 and Companies Act 2006, reflecting adherence to accounting standards.

4. Due Diligence Notes:

• Review turnover and profitability trends as the income statement is not publicly filed; understanding revenue streams and margins is critical for assessing operational sustainability.
• Investigate cash flow statements to confirm that cash generation supports ongoing operations and planned growth, given modest cash balances.
• Assess customer concentration and contract terms especially given the SIC classification in educational support services and internet retail, to evaluate revenue stability.
• Verify background and capacity of the sole director to manage operational and compliance responsibilities effectively.
• Confirm absence of any contingent liabilities or off-balance-sheet obligations that could affect solvency.