SEESY LIMITED

Executive Summary

Seesy Limited is a recently formed private software development company demonstrating compliance with regulatory filings and maintaining positive net current assets. However, significant accumulated losses and limited financial history warrant caution. Investors should conduct further due diligence on financial performance updates and business sustainability before commitment.

SEESY LIMITED - Analysis Report

Company Number: 13619620

Analysis Date: 2025-07-29 16:57 UTC

1. Risk Rating: MEDIUM
   The company shows positive net current assets and shareholders’ funds, indicating a basic ability to meet short-term obligations. However, it is an early-stage entity with limited financial history, a small share capital base, and a large accumulated loss, which elevates the risk profile.

2. Key Concerns:

• Accumulated Losses: The profit and loss account reserves show a significant deficit (£542,138), which may indicate ongoing losses or prior investment write-downs, potentially pressuring solvency if not offset by future profits.
• Limited Financial History: Only one set of unaudited accounts is available for a company incorporated in late 2021; lack of trend data limits confidence in operational stability and profitability.
• Small Capital Base vs Share Premium: Share capital is minimal (£289.54), though a large share premium (£579,637) exists. This structure can constrain flexibility and may complicate capital raising or creditor confidence.

3. Positive Indicators:

• Positive Net Current Assets: As of 30 September 2022, net current assets of £37,612 suggest sufficient short-term liquidity to cover immediate liabilities.
• No Overdue Filings: Accounts and confirmation statements are up to date, indicating good regulatory compliance and governance practices.
• Active Management: Three directors appointed with clear roles, including a CEO; presence of significant control holders suggests engaged ownership.

4. Due Diligence Notes:

• Verify updated financials beyond September 2022 to assess current liquidity and solvency positions.
• Review cash flow statements and management forecasts to evaluate operational sustainability and plans to address accumulated losses.
• Investigate business model robustness and client contracts within the software development sector (SIC 62012) to understand revenue generation potential.
• Confirm any director or shareholder changes post-2023 and check for related party transactions or conflicts of interest.
• Assess whether the company plans to seek external audit or external funding, which may impact risk posture going forward.