Company Number: SC685626

Analysis Date: 2025-07-29 19:50 UTC

1. Risk Rating: MEDIUM
   Maisella IT Ltd appears solvent with positive net current assets and shareholders’ funds as of the latest accounts. However, the reliance on director loans and the relatively small scale of operations introduce moderate risk factors.

2. Key Concerns:

• Director Loans and Related Party Transactions: The company has a significant director loan balance (£14,863 receivable from director) with no fixed repayment terms, which may affect liquidity and governance transparency.
• Limited Operating Scale and Staff: With only one employee and modest asset base, the company’s operational stability and ability to scale or absorb shocks could be constrained.
• Intangible Assets (Goodwill) Materiality: Goodwill of £20,000 represents a material portion of total assets; impairment risk should be monitored given the company’s small size and limited trading history.

3. Positive Indicators:

• Positive Working Capital and Net Assets: As of 31 January 2024, net current assets stand at £16,323 and shareholders’ funds at £36,323, indicating a stable financial position relative to prior years.
• Timely Filing and Compliance: Accounts and confirmation statements are filed on time with no overdue filings, suggesting good regulatory compliance.
• Cash Position Improvement: Cash at bank increased significantly from £25,519 to £34,476, supporting short-term liquidity.

4. Due Diligence Notes:

• Review the nature and terms of the director loans to assess impact on liquidity and potential conflicts of interest.
• Confirm the source and sustainability of revenue streams given the small scale and single employee.
• Assess impairment testing and rationale behind goodwill valuation to ensure asset values are not overstated.
• Investigate any contingent liabilities or off-balance sheet risks not disclosed in the filings.
• Evaluate management’s going concern assessment in light of COVID-19 and market conditions.