SEAMLESS PROJECTS LTD

Executive Summary

Seamless Projects Ltd is a newly incorporated micro private company with a stable financial position as of its first financial year end, showing positive net assets and compliance with filing requirements. The main concerns relate to a significant director loan and the limited operating history typical of a start-up. Overall, the company currently presents a low risk profile but warrants further review of its cash flow and governance structures to confirm operational sustainability.

SEAMLESS PROJECTS LTD - Analysis Report

Company Number: 14464069

Analysis Date: 2025-07-20 16:28 UTC

1. Risk Rating: LOW
   Seamless Projects Ltd demonstrates a solid net asset position relative to its size, positive net current assets, and no overdue filings. The company is very young (incorporated late 2022) but shows stable financial footing with no immediate solvency or liquidity red flags evident from the latest accounts.

2. Key Concerns:

• Director Loan: The unsecured, interest-free loan to the director of £21,374 is sizeable relative to total assets (£47,081 current assets) and could present liquidity risk if repayment is delayed or problematic.
• Small Scale and Limited History: As a micro entity with only one year of trading, financial performance and operational sustainability remain unproven.
• Concentrated Control: Mr. Jose Pinto De Lima owns 75-100% of shares and voting rights, which concentrates decision-making and may present governance risks if not balanced with adequate controls.

3. Positive Indicators:

• Positive Net Current Assets (£28,102) and Net Assets (£28,396) indicate the company currently has sufficient short-term liquidity and a solid equity base for its scale.
• No overdue statutory filings (accounts and confirmation statement) suggests good regulatory compliance and governance discipline.
• Low fixed asset base (£387) indicates a likely asset-light operational model, which may reduce capital expenditure pressure.
• The company employs 2 people, indicating some operational activity and potential for growth.

4. Due Diligence Notes:

• Investigate the nature, purpose, and terms of the director loan in more detail, including any repayment plans or associated risks.
• Review cash flow statements or bank statements (if available) to assess ongoing liquidity and operational cash generation.
• Assess the company's business model and contracts to understand sustainability and revenue visibility.
• Confirm there are no outstanding or contingent liabilities not reflected in the balance sheet.
• Explore governance arrangements given the single significant controlling shareholder and director.