POLYMATHIC LTD

Executive Summary

Polymathic Ltd is a newly formed micro private limited company with a modest but positive financial position and no regulatory compliance issues to date. The company’s limited operating history and small scale warrant close monitoring of operational sustainability and financial performance. Transparent governance and timely filings are positive factors supporting a low risk assessment currently.

POLYMATHIC LTD - Analysis Report

Company Number: 15434917

Analysis Date: 2025-07-29 20:16 UTC

1. Risk Rating: LOW
   Polymathic Ltd is a newly incorporated micro private limited company with modest but positive net assets and net current assets. The company filed accounts and confirmation statements on time, indicating compliance with statutory requirements. Its financial position, while limited in scale, shows no immediate signs of distress.

2. Key Concerns:

• Limited Operating History: Incorporated in January 2024, the company has less than two years of trading history, limiting the ability to assess operational sustainability and financial trends.
• Small Scale of Operations: As a micro entity with only one employee and minimal fixed assets, the company’s business scale and diversification are limited, which may increase vulnerability to market fluctuations.
• Concentration of Control: Full ownership and control by a single individual (Mr Nigel John Fryatt) could pose governance risks and reliance risks on one person’s decisions and capacity.

3. Positive Indicators:

• Positive Net Current Assets and Net Assets: The company reported net current assets of £3,945 and net assets of £6,376, indicating that current liabilities are well covered by current assets and there is a positive equity base.
• Timely Statutory Filings: No overdue accounts or confirmation statements, demonstrating regulatory compliance and good governance practices to date.
• Clear Director and PSC Information: Transparency on ownership and management with no adverse records or disqualifications reported.

4. Due Diligence Notes:

• Review Profit and Loss Data: The profit and loss account was not filed publicly. Obtain detailed income statement data to evaluate profitability, revenue streams, and expense structure.
• Assess Business Model and Market: Given the company’s SIC codes spanning artistic creation and IT consultancy, clarity on core activities and revenue sources is needed. Confirm the sustainability and growth prospects of the business model.
• Evaluate Director Capacity and Plans: With a single director and employee, understanding Mr Fryatt’s experience, commitment, and contingency plans is critical for operational stability.
• Monitor Future Financial Reports: Track subsequent accounts for trends in cash flow, asset growth, and liabilities to detect early liquidity or solvency issues.