SIRIUS SKY LTD
Executive Summary
SIRIUS SKY LTD is a newly formed, micro-entity company demonstrating sound compliance and a positive net asset position at its first year-end. While operational and financial scale is currently limited, there is no immediate indication of solvency or liquidity risk. Further due diligence is recommended to evaluate business viability and governance given the concentrated director control and minimal operating history.
View Full Analysis Report →Company Analysis
This analysis is opinion only and should not be interpreted as financial advice.
SIRIUS SKY LTD - Analysis Report
Risk Rating: LOW
Justification: The company is newly incorporated (2023) and has filed timely micro-entity accounts and confirmation statements, indicating compliance with statutory requirements. The financials show positive net current assets and net assets (£9,355) with no fixed assets or long-term liabilities, consistent with a start-up phase and low financial risk at present. There are no overdue filings or governance issues apparent.Key Concerns:
- Limited operating history and scale: Incorporated less than 1 year ago with no employees reported, which limits assessment of operational stability and revenue generation.
- Minimal financial data: Micro-entity status and small asset base provide limited insight into future cash flow generation or capacity to absorb shocks.
- Concentrated control: Two directors each owning 25-50% shares and voting rights, which may concentrate decision-making risk and reduce governance diversity.
- Positive Indicators:
- Compliance: All statutory filings (accounts and confirmation statement) are up to date and not overdue.
- Positive working capital: Current assets exceed current liabilities by £9,355, suggesting short-term solvency.
- Clear governance: Two named directors with no indication of disqualifications or compliance issues.
- Due Diligence Notes:
- Investigate business model and revenue streams to assess sustainability and growth prospects given no employees and minimal financial activity.
- Review director backgrounds and any potential related-party transactions given their significant control.
- Monitor future filings for development in financial position, especially cash flow statements and profit & loss data when available.
- Verify any off-balance sheet liabilities or contingent risks not captured in micro-entity accounts.
More Company Information
Recently Viewed
Follow Company
- Receive an alert email on changes to financial status
- Early indications of liquidity problems
- Warns when company reporting is overdue
- Free service, no spam emails Follow this company