MAPITAPP LTD

Executive Summary

MapitApp Ltd is a micro-entity private limited company with a modest but improved financial position as of April 2024. The company demonstrates compliance with regulatory filing requirements and shows signs of solvency, though its minimal scale and prior negative net assets warrant caution. Investors should conduct further investigation into the company’s operational viability and cash flow stability before committing capital.

MAPITAPP LTD - Analysis Report

Company Number: 13169131

Analysis Date: 2025-07-29 21:02 UTC

1. Risk Rating: LOW
   Justification: The company is current with all statutory filings and shows a positive turnaround in net assets in the latest financial year (2024). Although the scale of operations is minimal (micro-entity), the balance sheet indicates a modest but positive net asset position, suggesting solvency at this stage.

2. Key Concerns:

• Very limited financial scale: Current assets and net assets remain very low (£438 and £300 respectively), indicating minimal working capital and potential vulnerability to cash flow shocks.
• No employees and limited operational data: The absence of employees and lack of detailed operational metrics raise questions about the company’s business activity and sustainability.
• Negative net assets in prior years (2022 and 2023) suggest the business was previously loss-making or undercapitalized, though this has improved recently.

3. Positive Indicators:

• The company is fully compliant with filing deadlines for both accounts and confirmation statements, reducing regulatory risk.
• Recent financial year shows a positive net asset position and improved net current assets, indicating better liquidity and solvency compared to previous years.
• Directors have taken responsibility for accounts preparation and there is no indication of audit exemptions being abused; accounts comply with micro-entity provisions appropriately.

4. Due Diligence Notes:

• Verify the nature and scale of the company’s current business operations given the absence of employees and minimal assets.
• Investigate sources of recent financial improvement and whether it is sustainable or a one-off event.
• Examine cash flow forecasts and any contingent liabilities or off-balance sheet commitments not disclosed in the micro-entity accounts.
• Confirm the background and reputation of directors to ensure no regulatory or conduct risks are present.