LINK IMPERIUM LIMITED

Executive Summary

Link Imperium Limited has demonstrated initial financial stability with a positive net asset base and manageable liabilities, supported by its parent company. However, limited cash reserves and reliance on intra-group receivables suggest cautious credit exposure. Close monitoring of liquidity and operational progress is recommended as the company matures.

LINK IMPERIUM LIMITED - Analysis Report

Company Number: 13646105

Analysis Date: 2025-07-20 14:00 UTC

Credit Opinion: APPROVE with caution
Link Imperium Limited is a very young private limited company incorporated in 2021 operating in the business and domestic software development sector. The latest financial statements show a modest but positive net asset position and working capital surplus, indicating initial financial stability. The company is wholly owned by Intrinsic Group Limited, which provides a degree of parent backing. However, the company has no employees and minimal cash reserves, relying heavily on amounts owed by group undertakings. Given its early stage and limited operating history, credit facilities could be approved with conservative limits and close monitoring.

Financial Strength:

• The company’s net assets increased significantly from £1 in 2023 to £7,151 in 2024, reflecting growth in debtors (largely group receivables) and a modest cash balance (£774).
• Current liabilities remain low at £995, resulting in net current assets of £7,151, a healthy working capital position relative to company size.
• The balance sheet is very light with no fixed assets and no recorded long-term liabilities, consistent with a start-up or holding structure.
• Shareholders’ funds reflect retained earnings of £7,150, indicating some initial profitability or capital injection.
• The company benefits from the financial strength and control of its parent, Intrinsic Group Limited, which owns 75-100% of shares and voting rights and controls appointments.

Cash Flow Assessment:

• Reported cash at bank is low at £774, indicating limited liquid resources.
• Debtors total £7,372, mostly amounts owed by group undertakings (£7,001), showing reliance on intra-group funding or receivables.
• Low current liabilities (£995) mean the company’s short-term obligations are manageable.
• Absence of employees suggests limited operating cash outflows.
• No income statement was filed, but the reliance on group debtors suggests the company may not yet be generating significant external revenue or cash inflows.

Monitoring Points:

• Track cash balances and liquidity closely to ensure the company can meet short-term obligations without increased reliance on group funding.
• Monitor debtor aging, particularly intra-group balances, to guard against potential collectability issues.
• Review future filings for turnover growth and evidence of operational cash generation outside the parent group.
• Observe any changes in creditor levels and capital structure that may indicate increased financial risk.
• Assess any new employee hires or capital expenditure as indicators of growth and financial commitment.
• Keep watch on any changes in control or director appointments, ensuring management continuity and sound governance.