PSI HOLDINGS TOPCO LTD

Executive Summary

PSI Holdings Topco Ltd is a recently incorporated holding company with strong liquidity and net asset positions, demonstrating low immediate solvency risk. While the company is compliant with filings and has a healthy cash position, its limited operating history and concentration of assets in debtors warrant further investigation. Overall, the company's financial position appears stable but should be monitored as it develops.

PSI HOLDINGS TOPCO LTD - Analysis Report

Company Number: 14737559

Analysis Date: 2025-07-29 13:15 UTC

1. Risk Rating: LOW
   PSI Holdings Topco Ltd demonstrates strong net current assets with a significant excess of current assets over current liabilities, indicating good short-term financial health. The company is compliant with filing deadlines and has no indication of operational or regulatory distress. Its status as a holding company with limited employees and minimal share capital suggests low operational complexity and low immediate solvency risk.

2. Key Concerns:

• Limited operating history, having been incorporated only in March 2023, with financial data covering just over one year. This limits the ability to assess long-term operational stability.
• Concentration of assets mainly in debtors (£5.9M), which may present collection risk or liquidity timing issues if these receivables are not promptly collectible.
• The accounts are unaudited abridged accounts, which reduces the level of external assurance on the accuracy of reported figures and underlying financial controls.

3. Positive Indicators:

• Strong net current assets (£6.86M) and net assets, indicating a solid equity base relative to liabilities and a low risk of insolvency in the near term.
• Healthy cash balance (£1.29M) providing liquidity to meet short-term obligations comfortably.
• No overdue filings or penalties, reflecting good compliance and governance practices.
• Directors appear stable with no reported disqualifications or governance issues.
• Small employee base (2 staff) consistent with holding company activities, likely reducing operational risk and fixed costs.

4. Due Diligence Notes:

• Verify the nature and collectability of the debtor balances (£5.9M), including aging analysis and counterparty credit risk, given the concentration in this asset category.
• Assess the underlying investments or subsidiaries held by the company (investments line not quantified in the balance sheet) to understand the risk profile and sustainability of cash flows.
• Review governance controls and financial reporting processes given the unaudited status of the accounts to ensure accuracy and completeness of financial data.
• Monitor future filings and financial performance as the company matures beyond its initial establishment year to detect any emerging risks.