MIKEYBOX TECHNICAL CONSULTING LIMITED
Executive Summary
Mikeybox Technical Consulting Limited is a recently incorporated micro-entity with strong net asset and liquidity positions relative to its size, showing no immediate solvency concerns. The company is wholly controlled by one director, which raises governance concentration risks but maintains regulatory compliance with timely filings. Further due diligence on operational resilience and financial throughput is advisable to fully assess long-term sustainability.
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This analysis is opinion only and should not be interpreted as financial advice.
MIKEYBOX TECHNICAL CONSULTING LIMITED - Analysis Report
Risk Rating: LOW
The company demonstrates a solid net asset position relative to its micro-entity size, with net current assets substantially exceeding current liabilities. There are no overdue filings or indications of insolvency.Key Concerns:
- Very limited operational scale: Only one employee (the director) and minimal fixed assets could imply vulnerability to key-person risk and limited operational capacity.
- Reliance on a single controlling individual (Michael Edwards) owning 75-100% of shares and voting rights, which may present governance and succession risks.
- Absence of audited accounts and limited financial history due to recent incorporation (2022) restricts deeper trend analysis and risk assessment.
- Positive Indicators:
- Positive and increasing net assets and net current assets year-on-year, indicating financial stability and ability to meet short-term obligations.
- Up-to-date statutory filings with Companies House, showing compliance with regulatory requirements.
- The company operates in IT consultancy (SIC 62020), a sector with generally good market demand and scalability potential.
- Due Diligence Notes:
- Verify cash flow generation capacity and client base given the micro scale and limited revenue data available.
- Investigate any contingent liabilities or off-balance-sheet commitments not reflected in the accounts.
- Assess the director’s background and plans for business continuity given his central role and control.
- Confirm no outstanding tax liabilities or disputes, as these are not disclosed in micro-entity accounts.
- Review any contractual dependencies or concentration risks with clients or suppliers.
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