OFELIA GLOBAL LIMITED
Executive Summary
Ofelia Global Limited is a recently incorporated private limited company with improving financial indicators and compliant statutory filings. While its solvency appears adequate with positive net assets and cash balances, the limited operating history and small working capital buffer warrant cautious monitoring. Further due diligence on operational performance and governance is advised to fully assess risk exposure.
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This analysis is opinion only and should not be interpreted as financial advice.
OFELIA GLOBAL LIMITED - Analysis Report
Risk Rating: LOW to MEDIUM
Justification: The company is active, solvent on the balance sheet with positive net current assets, and has no overdue filings. However, it is very early in its lifecycle (incorporated in 2022) and operates with minimal scale and financial history, which introduces some uncertainty.Key Concerns:
- Limited Scale and Operating History: The company is newly formed and has only two full years of financial data, limiting visibility into operational sustainability.
- Modest Working Capital Buffer: Net current assets stand at £3,474 as of August 2024, a marginal buffer against current liabilities (£32,400), which could constrain liquidity under stress.
- Concentration of Control: One director (James Madders) holds 75-100% ownership and voting rights, which may elevate governance risk due to lack of diversity in control.
- Positive Indicators:
- Compliance and Reporting: All statutory accounts and confirmation statements are filed on time, indicating good administrative discipline.
- Solvency Position: Shareholders’ funds increased from £101 in 2023 to £3,474 in 2024, showing capital injection or retained earnings accumulation.
- Cash Position Improvement: Cash reserves improved significantly to £35,874 at 2024 year-end from £101 in prior years, supporting short-term liquidity.
- Due Diligence Notes:
- Review income statement and cash flow details (not included in filings due to small company exemption) to assess revenue generation and profitability trends.
- Investigate the nature and terms of current liabilities (£32,400) for payment timing and risk of default.
- Confirm background and reputation of controlling director to understand governance and operational stability.
- Assess business model sustainability given the management consultancy SIC code and absence of employees, to determine revenue generation capacity and growth prospects.
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