ONLYSCIENCE LTD
Executive Summary
Onlyscience Ltd is a newly incorporated micro entity operating in the software and data processing industry with significant negative net assets and current liabilities exceeding current assets. While statutory compliance is maintained, the financial position indicates high solvency and liquidity risks at this early stage. Further investigation into funding and operational plans is advised to assess viability.
View Full Analysis Report →Company Analysis
This analysis is opinion only and should not be interpreted as financial advice.
ONLYSCIENCE LTD - Analysis Report
Risk Rating: HIGH
The company presents a high solvency risk due to negative net assets and net current liabilities shortly after incorporation. With liabilities exceeding current assets by £7,490 and no equity buffer, the ability to meet obligations is doubtful without additional funding.Key Concerns:
- Negative net current assets (£-7,490) and shareholders’ funds (£-7,390) indicate immediate solvency issues.
- Very limited current assets (£334) against creditors due within one year (£7,824) raise liquidity concerns.
- The company appears to have only one employee (the director) and is newly incorporated, which may reflect operational infancy and uncertain sustainability.
- Positive Indicators:
- The company is compliant with statutory filing requirements; accounts and confirmation statements are up to date with no overdue filings.
- Ownership and control are consolidated under a single director and PSC, simplifying governance and decision-making.
- Business activities related to data processing and software development fall within a growth sector, offering potential for future revenue.
- Due Diligence Notes:
- Investigate the nature of the company's liabilities and whether these are loans from the director or third parties, and the terms of repayment.
- Review the business plan and funding sources to assess how the company plans to address the current negative net asset position.
- Clarify the company's revenue generation status since no profit and loss figures are publicly available; understand cash flow projections.
- Confirm whether any related party transactions or director loans have been made to support operations.
More Company Information
Recently Viewed
Follow Company
- Receive an alert email on changes to financial status
- Early indications of liquidity problems
- Warns when company reporting is overdue
- Free service, no spam emails Follow this company