NEOS GLOBAL SEARCH LTD

Executive Summary

Neos Global Search Ltd exhibits strong liquidity and solvency metrics supported by positive net assets and a healthy cash position. While the company benefits from timely compliance and a solid financial base, the significant drop in receivables and concentrated control structure warrant further investigation to confirm ongoing operational stability and risk profile. Overall, the company presents a low risk from a financial perspective based on the available data.

NEOS GLOBAL SEARCH LTD - Analysis Report

Company Number: 13241510

Analysis Date: 2025-07-20 13:38 UTC

1. Risk Rating: LOW
   The company demonstrates a solid net asset position, positive working capital, and no overdue statutory filings. The financial data indicates stable liquidity with substantial cash holdings relative to current liabilities, supporting its ability to meet short-term obligations.

2. Key Concerns:

• Significant decrease in trade and other debtors from prior years (notably from £48,673 in 2023 to £4,522 in 2024), which may indicate reduced sales, slower business activity, or changes in credit policy.
• Very small share capital (£1.00) suggests limited equity buffer, though retained earnings provide strength; however, reliance on accumulated earnings rather than capital injection.
• Single director and sole person of significant control may raise governance risk due to concentration of control and lack of oversight.

3. Positive Indicators:

• Strong net current assets (£103,458) and net assets (£104,591) reflecting good financial health.
• Robust cash position (£153,740) relative to current liabilities (£54,804), indicating good liquidity and low risk of cash flow distress.
• Up-to-date statutory filings (accounts and confirmation statements not overdue) demonstrate regulatory compliance and governance discipline.
• The company operates under a "Total Exemption Full" accounts regime, indicating it is classified as a small company with simplified reporting, appropriate for its size.

4. Due Diligence Notes:

• Investigate the reason for the sharp reduction in debtors during the latest financial year to understand business activity and revenue trends.
• Review the company's customer base stability and contract pipeline given its management consultancy SIC code to assess revenue sustainability.
• Evaluate the impact of deferred tax provisions and any contingent liabilities not apparent from the balance sheet.
• Examine governance arrangements given sole director control and absence of other officers for potential operational risks.
• Confirm that cash balances are unencumbered and readily available to meet liabilities.