Company Number: 14736877

Analysis Date: 2025-07-29 13:24 UTC

1. Risk Rating: LOW
   PC LOCUMS LTD is a newly incorporated micro-entity with a strong equity base relative to current liabilities and no overdue filings. The company shows positive net current assets and net assets, indicating good short-term and overall solvency.

2. Key Concerns:

• Lack of operational history & scale: Incorporated in March 2023 and reporting no employees, the business is at a very early stage with limited operational data available to assess stability or revenue generation.
• Accruals and deferred income (£5,950): This liability suggests revenues received but not yet earned or expenses accrued, which should be monitored for cash flow impact.
• Director concentration risk: Sole director and 100% shareholder is Dr Prabjit Kaur Cholia, which concentrates governance and operational risk on one individual.

3. Positive Indicators:

• Strong liquidity position: Current assets of £30,150 versus current liabilities of £8,313 yield net current assets of £21,837, indicating good short-term liquidity.
• Positive net assets and shareholders’ funds (£18,669): The company holds positive equity, reducing insolvency risk.
• Up-to-date statutory filings: No overdue accounts or confirmation statements, demonstrating compliance and good governance at this early stage.

4. Due Diligence Notes:

• Confirm nature and source of current assets to verify cash or receivables quality and timing of conversion to cash.
• Review details behind accruals and deferred income to assess future cash flow obligations or revenue recognition.
• Understand business plan and revenue model given no employees reported and early stage of development.
• Verify director’s capacity and plans for operational scale-up or additional management support.