SOMALIAID LTD

Executive Summary

Somaliaid Ltd is a newly formed private company limited by guarantee operating in social and cultural education sectors. It demonstrates low immediate solvency risk with positive net assets and up-to-date filings. However, limited operational history and minimal financial scale require further due diligence to assess business sustainability and liquidity prospects.

SOMALIAID LTD - Analysis Report

Company Number: 15242217

Analysis Date: 2025-07-20 12:21 UTC

1. Risk Rating: LOW
   The company is newly incorporated, with a small but positive net asset base (£6,000) and no liabilities reported. There are no overdue filings, and it complies with micro-entity accounting provisions, indicating good regulatory compliance to date.

2. Key Concerns:

• Limited operating history: Incorporated in late 2023, the company has only one financial year completed, restricting trend analysis and forecasting.
• Minimal financial scale: Current assets and net assets stand at £6,000 with no fixed assets and no employees, suggesting a startup or dormant operational stage which may limit operational stability or revenue generation.
• No detailed profit and loss data or cash flow information available, making assessment of liquidity and solvency beyond balance sheet position incomplete.

3. Positive Indicators:

• Fully compliant with filing deadlines and statutory requirements, with no overdue accounts or confirmation statements.
• Positive net current assets indicate the company can meet short-term obligations as of the latest accounts date.
• Directors are identified with clear addresses and nationality, with no adverse records noted.

4. Due Diligence Notes:

• Obtain management accounts or cash flow forecasts to assess liquidity and operational viability beyond the opening balance sheet.
• Investigate the company’s business model, funding sources, and planned activities given the absence of employees and fixed assets.
• Review any related party transactions or guarantees given the limited financial footprint.
• Confirm the purpose of the company given its SIC codes relating to social work and cultural education, which may affect revenue generation and risk profile.