RAPIDEV GAMES LTD
Executive Summary
Rapidev Games Ltd is a micro-entity with a small but positive net asset base and no compliance issues, reflecting basic financial stability. However, limited financial scale, absence of employees, and lack of detailed profitability data suggest caution regarding operational sustainability and growth capacity. Further due diligence is recommended to assess cash flow, business model viability, and funding arrangements before making investment decisions.
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This analysis is opinion only and should not be interpreted as financial advice.
RAPIDEV GAMES LTD - Analysis Report
Risk Rating: LOW to MEDIUM
The company shows a positive net asset position with net current assets of £2,086 at the latest year end, indicating it can meet short-term obligations. It has no overdue filings and is compliant with statutory requirements. However, the absolute scale of assets and liabilities is very small, reflecting its micro-entity status and early stage of operation, which entails some inherent risk.Key Concerns:
- Limited Financial Scale: Total net assets and working capital are modest, raising concerns about the company’s ability to absorb financial shocks or fund growth without external support.
- No Employees: The company reported zero employees, suggesting reliance on the director or external contractors, which may impact operational scalability and continuity.
- Lack of Profit and Loss Data: The absence of a published profit and loss account limits insight into profitability, revenue trends, and cash flow generation, complicating assessment of operational sustainability.
- Positive Indicators:
- Compliance: No overdue accounts or confirmation statement filings; demonstrates good governance and regulatory compliance.
- Improving Net Assets: Net assets increased from £1,312 in 2023 to £2,086 in 2024, indicating positive movement in financial position.
- Clear Ownership and Control: One director and 100% ownership by Mr. Hamza Gulistan ensures streamlined decision-making and accountability.
- Due Diligence Notes:
- Profitability and Cash Flow: Request detailed management accounts or profit and loss statements to assess revenue, expenses, and cash flow dynamics.
- Business Model and Contracts: Understand the company’s business model, client base, and contract pipeline to evaluate sustainability and growth prospects.
- Director’s Background: Review director’s experience and any potential conflicts or related party transactions given sole control.
- Funding Sources: Clarify how the company is funded—whether through shareholder loans, external investment, or cash generated internally.
- Operational Setup: Investigate how the company manages its operations without employees and the reliance on subcontractors or consultants.
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