MILLIVIVASH LIMITED

Executive Summary

Millivivash Limited is a small, active private company engaged in real estate management with increasing net assets but showing signs of liquidity strain due to rising current liabilities and reduced current assets. The company remains solvent and compliant with filings, yet limited operational data and a short trading history warrant further investigation into cash flow and profitability before investment consideration. Focused due diligence on liabilities structure and revenue generation is recommended.

MILLIVIVASH LIMITED - Analysis Report

Company Number: 13578602

Analysis Date: 2025-07-29 17:43 UTC

1. Risk Rating: MEDIUM

Justification: Millivivash Limited shows modest net assets and positive shareholders' funds, indicating solvency. However, the significant deterioration in net current assets from positive £2,259 in 2023 to a negative £3,512 in 2024 signals liquidity pressure. The company has tangible fixed assets but minimal current assets (mostly cash) and increased current liabilities, suggesting possible short-term cash flow constraints. The company is active, filings are up to date, and there are no governance or director disqualification issues reported.

2. Key Concerns:

• Liquidity Decline: Net current assets swung from positive £2,259 to negative £3,512 in one year, driven by a sharp increase in current liabilities (from £530 to £4,591) and a reduction in current assets (mainly cash decreased from £1,387 to £1,079, and debtors fell to zero). This may impact the company’s ability to meet short-term obligations.
• Small Scale and Limited Operating History: Incorporated in 2021, with only one employee, limited turnover data due to abridged accounts, and no income statement filed publicly, making operational sustainability and profitability uncertain.
• Fixed Asset Investment: The addition of £12,000 in fixtures and fittings with associated depreciation could strain cash flow if not matched by revenue generation, especially given the liquidity concerns.

3. Positive Indicators:

• Solvency Preserved: Despite liquidity concerns, net assets increased from £2,259 to £6,328, supported by accumulated profit (profit and loss account increased accordingly), indicating retained earnings and capital growth.
• Timely Compliance: Accounts and confirmation statement filings are up to date with no overdue reports or penalties, reflecting good regulatory compliance.
• Clear Governance: The sole director is a named individual with no apparent disqualifications or compliance issues, and the company has a straightforward ownership and control structure.

4. Due Diligence Notes:

• Investigate the cause of the large increase in current liabilities in the 2024 financial year and whether these are trade payables, short-term loans, or other obligations.
• Obtain or review management accounts or cash flow statements to assess operational cash generation and short-term liquidity management.
• Review turnover and profitability figures, which are not disclosed in the abridged accounts, to understand the business model viability.
• Understand the nature and utilisation of the tangible fixed assets acquired in 2024 and their contribution to revenue or operational capacity.
• Confirm the company’s contractual obligations and any contingent liabilities not visible in the abridged financial statements.