NEO-ONE KENT LTD

Executive Summary

Neo-One Kent Ltd is a newly incorporated private limited company with significant negative net assets and insufficient liquidity to cover short-term liabilities, indicating a high risk of solvency issues. While regulatory compliance and ownership clarity are positive, the lack of operating history and negative equity warrant caution. Further investigation into liabilities and funding plans is recommended to assess financial sustainability.

NEO-ONE KENT LTD - Analysis Report

Company Number: 15199492

Analysis Date: 2025-07-29 21:15 UTC

1. Risk Rating: HIGH
   The company shows significant negative net assets (total shareholders’ funds of -£13,993) and net current liabilities of £14,411 despite minimal current assets (£418). This indicates insolvency risk and inability to meet short-term obligations without additional capital or financing.

2. Key Concerns:

• Negative Net Assets: The company’s equity position is negative, suggesting accumulated losses or liabilities exceeding assets, which is a strong solvency red flag.
• Insufficient Liquidity: Cash on hand (£234) and debtors (£184) are minimal relative to current liabilities (£14,411), indicating a risk of cash flow shortfall to cover debts due within a year.
• No Employees and Start-Up Status: Incorporated only in October 2023 with no reported employees during the period, the company is in its infancy with limited operational history, increasing uncertainty about future viability and revenue generation.

3. Positive Indicators:

• Active Status and Compliance: The company is active and has filed accounts and confirmation statements on time, demonstrating regulatory compliance and good governance to date.
• Clear Ownership and Control: A single director and sole person of significant control (PSC) with 75-100% ownership provides clear decision-making authority and transparency in control structure.
• Industry Focus on Retail via Internet: The SIC codes indicate engagement in retail via internet and mail order, sectors with potential scalability and growth if properly capitalized and managed.

4. Due Diligence Notes:

• Investigate the detailed nature of the company’s liabilities contributing to the current liabilities figure (£14,411) to understand creditor composition and repayment terms.
• Assess the company’s business plan and funding strategy to address negative equity and cash shortages, including any planned capital injections or credit facilities.
• Confirm the absence of any contingent liabilities, related party transactions, or off-balance sheet obligations that may further impact solvency.
• Review director’s narrative or strategic report (if available beyond abridged accounts) for outlook, risk mitigations, and operational plans.
• Monitor future filings for improvement in financial position or any signs of distress such as overdue filings or changes in company status.