Company Number: 14284009

Analysis Date: 2025-07-29 20:10 UTC

1. Risk Rating: LOW
   Sick Boi Ltd demonstrates a solid financial position for a micro-entity with strong net current assets and no overdue filings, indicating low immediate solvency and liquidity risk.

2. Key Concerns:

• Director Loan Exposure: The company has a significant, unsecured loan to the director (£233,848 as of 31 August 2024), which poses a risk if the director is unable to repay, potentially impacting liquidity.
• Single Director and Shareholder Control: Ren Gill holds 100% control and is the sole director, which concentrates operational and governance risk without independent oversight.
• Limited Operating History and Scale: Incorporated in 2022 and classified as a micro-entity with only one employee, the company’s operational sustainability is unproven and may be dependent on the director’s involvement.

3. Positive Indicators:

• Strong Working Capital Position: Net current assets increased substantially from £79,484 to £329,934 within a year, indicating good short-term liquidity.
• Timely Compliance: No overdue accounts or confirmation statements, reflecting sound regulatory compliance and governance.
• Growing Net Assets: Shareholders’ funds grew from £71,814 to £323,985, demonstrating retained earnings or capital injections that strengthen the balance sheet.

4. Due Diligence Notes:

• Investigate the nature, terms, and recoverability of the director’s loan, including any repayment plans or security arrangements.
• Review business model sustainability given the micro size, single employee status, and retail clothing sector competition.
• Confirm no undisclosed related-party transactions or contingent liabilities that might impair financial stability.
• Assess director’s background beyond occupation to gauge management capability and risk profile.