Company Number: 15393223

Analysis Date: 2025-07-20 13:30 UTC

1. Risk Rating: LOW
   Malgraphy Limited is a newly incorporated company with a positive net current asset position and no overdue filings, indicating initial financial stability and good compliance. The company holds modest cash reserves relative to current liabilities, which supports its ability to meet short-term obligations.

2. Key Concerns:

• Limited operating history: Incorporated in January 2024, the company has just over one year of trading, which limits the ability to assess sustainable operational performance.
• Small scale and single-employee operation: With only one employee and limited current assets, growth and operational resilience may be constrained.
• Reliance on director funding or support: Presence of a small loan from directors and low trade creditors suggests limited external financing, which could affect liquidity if business conditions worsen.

3. Positive Indicators:

• Positive net current assets (£11,839) and net assets reflect a solvent financial position.
• Cash holdings of £20,117 exceed current liabilities of £13,289, indicating good liquidity.
• No overdue statutory filings (accounts and confirmation statement) demonstrate good regulatory compliance and governance discipline.
• Full ownership and control concentrated in a single director who is also the sole significant controller, simplifying governance.

4. Due Diligence Notes:

• Verify the nature and sustainability of the company’s revenue streams given the limited financial history and the specialised design SIC code (74100).
• Assess the director’s plans for business growth and capitalisation to determine operational scalability and future funding needs.
• Confirm absence of related-party transactions beyond the small director loan and review whether accounting policies are consistently applied and appropriate for the entity’s size.
• Monitor future filings for continued compliance and financial performance trends.