Company Number: 14194594

Analysis Date: 2025-07-29 16:03 UTC

1. Risk Rating: LOW
   Open Intellect Limited demonstrates a strong liquidity position with current assets significantly exceeding current liabilities. The company is solvent, with net assets increasing year-on-year and no overdue filings or signs of regulatory non-compliance.

2. Key Concerns:

• Reliance on a small number of employees (average 3 in 2024) could pose operational risk if key personnel leave.
• The company is very young (incorporated 2022) with limited financial history, which restricts assessment of long-term operational stability.
• Relatively modest fixed asset base and modest capitalisation (£10 share capital) mean limited tangible asset backing should financial difficulties arise.

3. Positive Indicators:

• Healthy working capital of £54,416 as of June 2024, showing good short-term financial health.
• Strong cash position (£83,901) relative to current liabilities (£38,910), indicating good liquidity to meet obligations.
• No overdue accounts or confirmation statements, reflecting good regulatory compliance and governance.
• Increasing net assets and retained earnings from £35,387 to £55,851 in one year, indicating profitable operations or capital injections.
• Directors and PSCs are consistent and local, with no disqualifications or adverse records visible.

4. Due Diligence Notes:

• Confirm nature and reliability of revenue streams given the SIC codes (IT consultancy and software development) and evaluate customer concentration risk.
• Review contracts and payment terms to assess debtor quality, as debtors decreased from £12,893 to £9,425 but remain material.
• Verify the sustainability of growth in net assets—whether driven by profits, capital contributions, or other non-recurring items.
• Assess the impact of low fixed assets and small share capital on ability to withstand adverse financial events.
• Monitor employee turnover risk and management succession due to small staff size.