Company Number: 13057317

Analysis Date: 2025-07-20 11:43 UTC

1. Risk Rating: HIGH

Justification: Silfurtech Limited is a micro-entity with extremely limited financial resources. The latest accounts for 2023 show net current assets of only £265.66 and net assets of the same amount, indicating very minimal working capital and equity. The company has nominal share capital (£6.00) and no employees, reflecting a very small scale operation. This raises significant concerns about its ability to meet obligations and sustain operations.

2. Key Concerns:

• Liquidity Constraints: Current assets are minimal (£529) with current liabilities of £264, leaving very limited net working capital. This suggests tight liquidity and potential cash flow difficulties.
• Operational Scale and Sustainability: The company has no employees and very low asset base, implying limited operational capacity. The lack of revenue or profit information in the accounts limits assessment but suggests minimal business activity.
• Lack of Audited Accounts and Limited Disclosures: The company has taken audit exemption and only files micro-entity accounts, which provide limited transparency. Absence of detailed profit & loss or cash flow data restricts insight into financial health.

3. Positive Indicators:

• Current Compliance Status: All statutory filings including accounts and confirmation statements are up to date with no overdue returns, indicating good compliance and governance discipline.
• Active Status with Recent Director Appointments: The company is active with three current directors appointed recently in 2023 and 2020, suggesting ongoing management engagement.
• No Negative Director Conduct Records: All directors appear to have clean records with no insolvency or disqualification flags.

4. Due Diligence Notes:

• Investigate Revenue and Profitability: Obtain more detailed financial data, including turnover, profit & loss accounts, and cash flows to assess operational viability.
• Assess Business Model and Growth Prospects: Understand the company’s products/services, client base, and market position given its SIC codes in advertising and software development.
• Review Director Backgrounds and Related Party Transactions: Verify directors’ business experience and any related party dealings given the very closely held ownership and control structure.
• Confirm Funding Sources and Capital Structure: Clarify if there are any external loans or capital injections not reflected in micro-entity accounts.