NIMA PROJECT LTD

Executive Summary

NIMA PROJECT LTD presents a low financial risk profile based on available micro-entity accounts with positive net assets and no regulatory compliance issues. The company shows modest but steady growth and maintains solid liquidity. However, limited financial detail and geographic spread of directors warrant further due diligence on operational and governance aspects to fully assess business sustainability.

NIMA PROJECT LTD - Analysis Report

Company Number: 13152926

Analysis Date: 2025-07-29 16:51 UTC

1. Risk Rating: LOW
   NIMA PROJECT LTD demonstrates a solid financial position for a micro-entity with positive net assets and a strong working capital position. The company is current with all statutory filings, shows no overdue accounts or returns, and operates within a low-risk industry classification (IT consultancy).

2. Key Concerns:

• Limited scale of operations: As a micro-entity with only three employees and modest asset base, the company’s size may limit operational resilience and growth potential.
• Geographic dispersion of directors: Two directors reside abroad (Greece), which could pose challenges for governance oversight or operational control, although no direct compliance issues are evident.
• Limited financial disclosures: Accounts prepared under FRS 105 for micro-entities provide minimal detail, restricting deeper financial analysis such as profitability, cash flow, or contingent liabilities.

3. Positive Indicators:

• Consistent growth in net assets from £6,375 (2021) to £24,667 (2024) indicating strengthening equity base.
• Healthy net current assets position (£13,260 as of 2024) implies good short-term liquidity and ability to meet current obligations.
• No overdue filings or regulatory compliance issues noted; company status active and in good standing.
• Directors have no reported disqualifications or related party indebtedness, supporting governance stability.
• The company’s business area (IT consultancy) is generally scalable and aligns with growing demand trends.

4. Due Diligence Notes:

• Investigate the company’s profitability and cash flow trends as these are not disclosed in micro-entity accounts, to better assess operational sustainability.
• Confirm the nature and value of fixed assets (£11,407 in 2024) to verify asset liquidity and potential capital expenditure requirements.
• Review internal governance practices given directors’ geographic dispersion and ensure compliance with UK company law and effective management controls.
• Obtain more detailed insight into client base, contract terms, and revenue streams to assess business risk and exposure.
• Validate that no off-balance sheet liabilities or contingent risks exist beyond those disclosed.