NOW LOGISTICS LTD

Executive Summary

Now Logistics Ltd presents a low solvency and liquidity risk profile supported by positive net current assets and timely regulatory filings. While the company is small with concentrated ownership and minimal share capital, directors report ongoing sales growth and profitability. Further due diligence on profitability metrics and creditor terms is advised to fully assess operational sustainability.

NOW LOGISTICS LTD - Analysis Report

Company Number: NI669739

Analysis Date: 2025-07-29 16:36 UTC

1. Risk Rating: LOW
   The company demonstrates modest but consistent net current assets and positive net assets over the past three years, indicating an ability to meet short-term obligations. There are no overdue filings or indications of insolvency.

2. Key Concerns:

• Limited Share Capital: The nominal share capital is only £4, which may suggest minimal equity buffer relative to liabilities.
• Narrow Net Asset Base: Total net assets stand at £32,096 as of April 2024, modest for sustaining operational growth or absorbing shocks.
• Concentrated Control: Ownership and control are concentrated among three individuals, which may pose governance risks if not well managed.

3. Positive Indicators:

• Positive Working Capital: Net current assets improved from £3,142 in 2021 to £32,096 in 2024, indicating improved liquidity.
• Timely Compliance: No overdue accounts or confirmation statements, demonstrating good regulatory compliance.
• Going Concern Affirmed: Directors explicitly state confidence in continued operations supported by sales growth and profitability.
• Stable Workforce: Employee count steady at 3, consistent with micro-entity status and manageable overheads.

4. Due Diligence Notes:

• Review detailed profit and loss data (not provided) to confirm profitability trends referenced by directors.
• Investigate nature and duration of trade creditors (£291K) to assess payment terms and cash flow risk.
• Examine related party transactions given significant control by a small group.
• Confirm absence of contingent liabilities or off-balance sheet risks.
• Verify management capability given concentrated ownership and small team size.