Company Number: 13826117

Analysis Date: 2025-07-20 13:39 UTC

1. Risk Rating: LOW

Justification: Mind Garden Holistics Ltd is a recently incorporated micro-entity with modest turnover and net assets. The company has no overdue filings and shows a small but positive profit in its latest accounts, indicating early-stage operational stability. There are no liabilities or creditor concerns reported, and the sole director and PSC appear compliant.

2. Key Concerns:

• Limited Current Assets: The company reported zero current assets in the latest year, which may indicate limited liquidity buffers or cash reserves.
• Small Scale of Operations: Turnover is low (~£31k) with only one employee, which may limit operational resilience or growth potential.
• Net Asset Fluctuation: Net assets decreased from £2,210 in 2023 to £1,500 in 2024, suggesting some erosion of equity which should be monitored.

3. Positive Indicators:

• Compliance: All statutory filings (accounts and confirmation statements) are up to date with no overdue status.
• Profitability: Although modest (£181 profit), the company achieved a positive result in its second full year of trading.
• No Debt: The absence of current or long-term liabilities reduces solvency risk and creditor pressure.

4. Due Diligence Notes:

• Investigate cash flow details and working capital management given zero current assets reported in 2024 accounts.
• Understand the nature of "Other charges" (£19,250) to assess operational cost structure and sustainability.
• Review director's experience and business plan to evaluate long-term viability and growth strategy.
• Confirm absence of contingent liabilities or off-balance sheet risks despite footnote stating none reported.
• Assess market position within "Specialists medical practice activities" SIC 86220 for competitive dynamics.