PRAGMATICS HG LTD

Executive Summary

Pragmatics HG Ltd is a recently established micro-entity operating in hospital activities, showing a solid liquidity position and compliance with filing requirements. While the balance sheet reflects financial stability at the reporting date, the company's limited operating history and minimal fixed assets warrant further investigation into its revenue generation and operational sustainability. Overall, current data indicates low financial risk but a need for deeper operational due diligence.

PRAGMATICS HG LTD - Analysis Report

Company Number: 14616438

Analysis Date: 2025-07-29 18:57 UTC

1. Risk Rating: LOW
   Justification: Pragmatics HG Ltd is a newly incorporated micro-entity with a strong net current asset position relative to its liabilities as of its first financial year end. The company has filed accounts and confirmation statements on time, demonstrating regulatory compliance. There are no indications of financial distress or governance issues based on available data.

2. Key Concerns:

• Early-stage company risk: Incorporated in January 2023, limited operating history means business sustainability and future cash flows remain unproven.
• Modest asset base: Fixed assets are minimal (£1,105), potentially indicating reliance on intangible assets or external resources.
• Limited disclosure on revenue or profit: The micro-entity accounts do not disclose profitability or cash flow details, limiting insight into operational stability.

3. Positive Indicators:

• Strong liquidity position: Current assets of £96,929 against current liabilities of £34,050 yield net current assets of £62,879, indicating a comfortable short-term liquidity buffer.
• Full compliance: No overdue filings for accounts or confirmation statements, showing good governance practices.
• Clear ownership and control: Two directors each holding 25-50% shares and voting rights, with no reported director disqualifications or conflicts.
• Small scale with low employee count (2 employees) aligns with micro-entity classification, suggesting manageable operating scale.

4. Due Diligence Notes:

• Obtain detailed management accounts or cash flow forecasts to assess sustainability and operational profitability beyond balance sheet snapshot.
• Understand the nature of the company's hospital activities (SIC 86101) and any contracts or revenue sources underpinning the business model.
• Review director backgrounds and any related party transactions to confirm integrity and governance standards.
• Confirm any contingent liabilities or off-balance sheet obligations not reflected in micro-entity filings.