MIDAS INC LIMITED

Executive Summary

Midas Inc Limited presents a low financial risk profile based on its first-year micro-entity accounts, showing strong liquidity and compliance. However, its limited operating history and holding company status warrant further investigation into underlying assets and operational plans. Overall, the company appears solvent and well-managed at this stage.

MIDAS INC LIMITED - Analysis Report

Company Number: 14850078

Analysis Date: 2025-07-29 17:50 UTC

1. Risk Rating: LOW
   The company exhibits a strong net asset position relative to its liabilities with no overdue filings, indicating good compliance and financial stability at this early stage of operation.

2. Key Concerns:

• Limited operating history (incorporated in May 2023) restricts visibility on business sustainability and cash flow trends.
• Very small share capital (£50) may indicate limited initial equity buffer against operational risks.
• Nature of business as a holding company (SIC 64209) means financial health is dependent on underlying subsidiaries or investments, which are not detailed here.

3. Positive Indicators:

• Robust net current assets of approximately £149k against current liabilities of £6.4k demonstrate strong short-term liquidity.
• No overdue accounts or confirmation statement filings; company appears compliant with regulatory requirements.
• Directors and persons with significant control are stable, with clear ownership structure and no reported disqualifications or governance issues.

4. Due Diligence Notes:

• Investigate the nature and financial health of any subsidiaries or investments held by this holding company to assess operational risk.
• Review cash flow projections and sources of funding beyond the small share capital.
• Confirm absence of related party transactions or contingent liabilities that could affect solvency.