Company Number: 14189242

Analysis Date: 2025-07-20 16:39 UTC

1. Risk Rating: HIGH
   SG Maths Ltd exhibits a concerning financial position with negative net assets and net current liabilities for the last three consecutive years. This indicates solvency risk and potential liquidity challenges given the company’s inability to cover short-term liabilities with current assets.

2. Key Concerns:

• Negative Net Assets: The company has reported net assets of approximately -£2,389 at the latest year-end, worsening from -£1,846 in prior years, signaling ongoing losses or undercapitalization.
• Working Capital Deficit: Current liabilities exceed current assets by £2,389 as of June 2024, which suggests the company may struggle to meet its short-term obligations without additional financing or capital injection.
• Limited Financial History and Size: Being a micro-entity incorporated in mid-2022 with only one employee, the company has limited operating history to establish stability or profitability, increasing uncertainty for investors.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with both accounts and confirmation statement filings, indicating good regulatory compliance and governance practices.
• Clear Ownership and Control: The sole director and 75-100% shareholder is identified, providing clarity on management and decision-making authority.
• Active Website and Business Description: The company operates in an education niche (Singapore Maths Holiday Camps), with an active website suggesting ongoing commercial activity and business intent.

4. Due Diligence Notes:

• Financial Performance Details: Further examination of profit and loss accounts, cash flow statements, and underlying business model viability to understand causes of negative equity and recurring losses.
• Funding Sources: Investigate whether the company has access to external funding, shareholder loans, or plans for capital injection to improve solvency.
• Contracts and Revenue Streams: Assess contracts or client base stability to gauge operational sustainability and potential for turnaround.
• Director’s Financial Standing: Given sole control, review any personal financial exposure or guarantees that may support company liquidity.
• Future Business Plans: Inquiry into strategic plans to achieve profitability or growth given current financial deficits.