RUBIX THERAPY LTD

Executive Summary

Rubix Therapy Ltd currently presents a low financial risk profile with positive working capital and compliance records. However, the steady decline in net assets and sole control by one director warrant further investigation into operational performance and governance. Overall, the company appears solvent and compliant but limited in scale and potentially vulnerable due to its ownership structure.

RUBIX THERAPY LTD - Analysis Report

Company Number: 13388127

Analysis Date: 2025-07-29 19:41 UTC

1. Risk Rating: LOW
   Rubix Therapy Ltd demonstrates a stable financial position with positive net current assets, no overdue filings, and no indications of insolvency or regulatory non-compliance. The company’s current liabilities are comfortably covered by cash and other current assets, indicating low solvency and liquidity risk.

2. Key Concerns:

• Declining Net Assets: Shareholders’ funds have decreased steadily from £17,614 in 2021 to £5,608 in 2025, which may reflect operational losses or capital withdrawals that warrant investigation.
• Single Director and Shareholder Control: The company is wholly controlled by one individual, which could present governance risks or succession concerns.
• Limited Employee Base: With only one employee (the director), operational continuity and scalability may be constrained, impacting sustainability.

3. Positive Indicators:

• Positive Working Capital: Net current assets remain positive across all reported years, indicating the company can meet short-term obligations.
• Compliance with Filing Requirements: No overdue accounts or confirmation statements, suggesting good regulatory compliance.
• Stable Cash Position: Despite a reduction, cash balances have remained positive and sufficient to cover current liabilities.

4. Due Diligence Notes:

• Review the reasons behind the consistent decrease in shareholders’ funds to understand if this is due to trading losses, dividends, or other factors.
• Obtain management accounts or cash flow forecasts to assess operational sustainability and liquidity beyond the balance sheet snapshot.
• Verify the nature of liabilities classified as “other creditors” to assess potential contingent risks.
• Confirm the absence of any director disqualifications, related party transactions, or legal proceedings that could impact governance or financial health.
• Evaluate the business model and market positioning given the single employee and owner structure to understand growth prospects and operational risks.