MY HEALTH PLATFORM LTD

Executive Summary

My Health Platform Ltd is a newly incorporated micro-entity operating in healthcare regulation, currently exhibiting high financial risk due to negative net working capital and minimal equity. While compliance with filing requirements is positive, the company’s limited operational history and sole director/shareholder structure highlight concerns about liquidity and operational stability. Further due diligence into cash flow and business plans is recommended before investment consideration.

MY HEALTH PLATFORM LTD - Analysis Report

Company Number: 14837730

Analysis Date: 2025-07-29 16:06 UTC

1. Risk Rating: HIGH
   Given the very limited operating history, negative net current assets, minimal net assets, and a sole director/shareholder, the company currently presents a high risk profile.

2. Key Concerns:

• Liquidity Deficit: Negative net current assets of £848 indicate the company is unable to cover its short-term liabilities from its current assets, suggesting potential cash flow constraints.
• Minimal Capital Base: Net assets and shareholders' funds stand at only £66, reflecting an extremely weak equity buffer to absorb losses or support operations.
• Single Person Control and Limited Operational History: The company was incorporated in May 2023, with only one employee who is also the sole director and 100% shareholder, which raises concerns regarding operational resilience and governance.

3. Positive Indicators:

• Compliance and Timely Filing: Accounts and confirmation statements are up to date with no overdue filings, indicating good regulatory compliance.
• Clear Ownership and Control Structure: Full transparency on persons with significant control (PSC) with no conflicting interests reported.
• Niche Sector Focus: Operating in the regulated healthcare services sector (SIC 84120), which may have growth potential depending on business development.

4. Due Diligence Notes:

• Investigate the company’s business model, revenue streams, and plans to improve liquidity, given the current negative working capital.
• Review cash flow statements and any management accounts since incorporation to assess operational sustainability.
• Confirm absence of any director disqualifications or regulatory actions against the sole director.
• Assess any external funding commitments or shareholder loans that may support future operations.
• Consider the impact of the company's micro-entity accounting regime on the completeness and detail of financial disclosures.