PSYCHOLOGY-GO LIMITED

Executive Summary

Psychology-Go Limited shows signs of financial stability with improving liquidity and positive net assets while maintaining compliance with filing requirements. The company’s small scale and director funding reliance merit further scrutiny, particularly regarding tax liabilities and operational sustainability. Overall, the risk profile is low but monitoring of key financial obligations and operational metrics is recommended.

PSYCHOLOGY-GO LIMITED - Analysis Report

Company Number: 13279237

Analysis Date: 2025-07-29 19:10 UTC

1. Risk Rating: LOW
   The company exhibits a positive net current asset position, growing shareholders' funds, and no overdue filings, indicating a stable financial footing and good compliance.

2. Key Concerns:

• Directors' current accounts liability remains significant (£829 in 2024), though substantially reduced from the prior year (£7,789), suggesting reliance on director funding which should be monitored.
• Tax creditor has more than doubled year over year (£2,922 in 2024 vs £1,316 in 2023), which may warrant inquiry into tax planning and payment schedules.
• The company is very small with minimal share capital (£100) and only two employees, making it potentially vulnerable to operational disruptions or concentration risks.

3. Positive Indicators:

• Consistent increase in net current assets from £223 in 2021 to £8,307 in 2024, reflecting improving working capital management.
• Positive cash balances and reduction in short-term liabilities, indicating healthy liquidity.
• Up-to-date statutory filings with no overdue accounts or confirmation statements, demonstrating regulatory compliance.
• Operating in health-related services (SIC 86900), a sector with ongoing demand, supporting operational sustainability.

4. Due Diligence Notes:

• Review directors' current account transactions and repayment plans to assess any contingent liabilities or financial support dependency.
• Examine the nature and timing of tax liabilities to ensure no risk of penalties or cash flow impact.
• Assess revenue trends, profitability, and client base stability given the small size and limited workforce.
• Confirm that the company’s accounting policies and financial statements reflect the true financial position, noting the accounts are unaudited.