MAI-KEE TSANG MEDIA LTD

Executive Summary

MAI-KEE TSANG MEDIA LTD exhibits a high risk profile primarily due to negative net assets and limited financial scale, which raises solvency concerns. However, the company maintains timely regulatory filings and benefits from stable sole-director leadership. Further due diligence is warranted on cash flows, liabilities, and the business model to fully assess operational sustainability.

MAI-KEE TSANG MEDIA LTD - Analysis Report

Company Number: 14020224

Analysis Date: 2025-07-29 15:50 UTC

1. Risk Rating: HIGH
   The company shows negative net current assets and net assets as of the latest financial year, indicating potential solvency issues. The micro-entity status and very limited financial scale also heighten risk.

2. Key Concerns:

• Negative Net Assets: The balance sheet at 30 April 2024 shows net current liabilities (£11) and net assets of negative £11, signaling a weak capital base and potential insolvency risk.
• Minimal Financial Scale: The company’s total assets and liabilities are very small (in the low tens of thousands), which may limit resilience to financial shocks or operational volatility.
• Single Director and Shareholder: The company is tightly controlled by one individual who holds 75-100% of shares and voting rights, concentrating governance risk and limiting external oversight.

3. Positive Indicators:

• Timely Filings: The company’s accounts and confirmation statement are up to date with no overdue filings, reflecting compliance with regulatory requirements.
• Stable Director Presence: The sole director remains active and has maintained continuous control since incorporation, providing continuity of leadership.
• Simplicity of Operations: As a micro-entity with only one employee, the business likely has limited overhead and complexity, which could aid operational sustainability if revenues stabilize.

4. Due Diligence Notes:

• Examine Cash Flow and Profitability: Detailed profit and loss data was not provided; assess recent trading performance and cash flow to evaluate ability to meet liabilities.
• Investigate Nature of Liabilities: Clarify creditor composition and payment terms to assess timing and risk of default.
• Understand Business Model and Revenue Streams: Given the SIC code 96090 (“Other service activities not elsewhere classified”), determine the exact nature of operations and market conditions.
• Review Director’s Financial Support: Given negative net assets, confirm whether the director or related parties have provided or will provide financial support if needed.