PROJAD BRIDGE LTD

Executive Summary

Projad Bridge Ltd demonstrates a sound financial position with strong net assets and liquidity for a company incorporated recently in late 2022. The absence of overdue filings and good capitalization are positive, but the limited operating history and concentrated ownership warrant further due diligence. Investigation into the nature of significant financial assets and operational cash flow will be important to confirm ongoing stability and risk profile.

PROJAD BRIDGE LTD - Analysis Report

Company Number: 14471802

Analysis Date: 2025-07-20 14:59 UTC

1. Risk Rating: LOW
   The company exhibits a strong solvency position with net assets of £317,358 and positive net current assets of £151,229 as at 30 June 2024. There are no overdue filings or indications of regulatory non-compliance. The company is relatively new (incorporated November 2022) but shows a substantial increase in assets and equity over a short period, suggesting good initial capitalization and operational setup.

2. Key Concerns:

• Limited track record: Being less than two years old, the company has a short financial history, which limits trend analysis and long-term performance evaluation.
• Concentrated control: The two directors/shareholders control 100% of shares and voting rights, which may present governance risk if not mitigated by appropriate oversight.
• Asset composition: A large portion of assets (£169,211) is classified as "other financial assets," which may require scrutiny regarding their liquidity and valuation reliability.

3. Positive Indicators:

• Strong liquidity: Cash holdings of £106,422 and debtors of £50,000 provide ample short-term liquidity relative to minor current liabilities (£5,193).
• Solid equity base: Shareholders’ funds of £317,358 indicate robust capitalization with a significant profit and loss reserve (£298,754), reflecting retained earnings or revaluation gains.
• Compliance: No overdue accounts or confirmation statements; filings are up to date, suggesting good regulatory compliance and governance discipline.

4. Due Diligence Notes:

• Clarify nature and valuation basis of the "other financial assets" (£169,211) to assess liquidity risk and potential impairment.
• Obtain management accounts or cash flow forecasts to understand operational cash flow sustainability given the company’s young age.
• Review director background and governance practices to mitigate risks associated with concentrated control and confirm no director disqualifications or legal issues exist.