ONIT LABS LTD

Executive Summary

Onit Labs Ltd is a recently incorporated micro-entity showing a clean balance sheet and no compliance issues, supporting a low risk rating at this early stage. However, the limited operating history and minimal financial disclosures warrant further due diligence to assess operational sustainability and growth prospects. Overall, current data suggests sound solvency and liquidity with no immediate red flags.

ONIT LABS LTD - Analysis Report

Company Number: 15239545

Analysis Date: 2025-07-20 17:48 UTC

1. Risk Rating: LOW

   The company appears financially stable with positive net current assets and net assets, a very recent incorporation date (October 2023), and no overdue filings. The micro-entity accounts show a modest but positive balance sheet with no current liabilities of concern.

2. Key Concerns:

   • Operating History: The company is newly incorporated with less than one year of financial history, limiting insight into operational sustainability.
   • Limited Financial Detail: Micro-entity accounts provide minimal financial detail; no profit and loss information or cash flow data is available.
   • Small Scale: As a micro-entity with only two employees, there may be limited operational capacity or scalability at this stage.

3. Positive Indicators:

   • Strong Balance Sheet: Positive net current assets of £45,729 and net assets of £48,589 with virtually no current liabilities.
   • Timely Compliance: Accounts and confirmation statement are up to date with no overdue filings, indicating good regulatory compliance.
   • Clear Ownership and Governance: Two directors and two significant controllers with substantial shareholdings, no disqualifications or governance issues noted.

4. Due Diligence Notes:

   • Examine management’s business plan and financial projections to understand expected growth and sustainability.
   • Obtain profit and loss and cash flow statements once available for a fuller picture of operational performance.
   • Investigate the nature of current assets (likely cash or receivables) and confirm absence of hidden liabilities.
   • Review director backgrounds for any undisclosed risk factors beyond the information provided.
   • Monitor future filings for evolving financial trends and compliance status.