MATRIX MARINE LIMITED

Executive Summary

Matrix Marine Limited demonstrates strong liquidity and solvency metrics with increasing net current assets and shareholder funds over the last four years. The company maintains good regulatory compliance and operational stability despite a small workforce and concentrated ownership. Further review of goodwill valuation and governance structure is recommended to complete risk assessment.

MATRIX MARINE LIMITED - Analysis Report

Company Number: 13454510

Analysis Date: 2025-07-20 18:17 UTC

1. Risk Rating: LOW
   Matrix Marine Limited shows solid net current assets and shareholder funds growth from 2021 to 2024, with current liabilities well covered by current assets. There are no overdue filings or liquidation indicators, suggesting sound operational and regulatory compliance.

2. Key Concerns:

• Concentration of control: One individual owns 75-100% of shares, which may affect governance and minority protections.
• Limited employee base: With only one employee reported, operational scalability and resilience could be limited.
• Intangible asset amortisation: Goodwill amortisation reduces net asset value, which should be monitored for impairment risks.

3. Positive Indicators:

• Consistent increase in net current assets and shareholder funds over four years indicating improving financial strength.
• Cash balances have increased steadily, supporting liquidity and ability to meet short-term obligations.
• No overdue statutory filings or regulatory issues noted, confirming good compliance.
• The company's dual SIC codes show diversification in wholesale electronics and ship repair/maintenance, which may provide multiple revenue streams.

4. Due Diligence Notes:

• Review the nature and valuation of the goodwill asset to assess any potential impairment beyond amortisation.
• Investigate the customer base and debtor ageing to confirm collectability of trade debtors (£52,064).
• Assess the impact of single-person control on governance practices and risk management.
• Confirm the sustainability of business operations given the company’s small employee count.
• Verify tax liabilities and provisions related to the £26,901 taxation and social security creditor balance.