SUMMIT INSIGHT GROUP LTD

Executive Summary

Summit Insight Group Ltd demonstrates a solid liquidity and solvency position with positive net assets and no overdue filings, supporting a low risk rating. However, the notable decrease in cash and net current assets warrants further inquiry into operational cash flow and working capital management. Overall, the company appears financially stable but would benefit from additional profit and loss information to confirm sustainable performance.

SUMMIT INSIGHT GROUP LTD - Analysis Report

Company Number: 13804337

Analysis Date: 2025-07-29 20:50 UTC

1. Risk Rating: LOW
   The company shows a solid net current asset position and positive shareholders' funds with no indication of overdue filings or liquidation. The low current liabilities relative to current assets and cash balances suggest strong solvency and liquidity.

2. Key Concerns:

• Significant reduction in cash and net current assets from 2023 to 2024 may indicate a decline in liquidity or increased operational expenditure.
• Very low share capital (£200) relative to reported net assets suggests limited capital buffer, potentially increasing reliance on retained earnings or external financing.
• Absence of profit and loss statement details limits insight into operational performance and profitability trends.

3. Positive Indicators:

• Company is active with all statutory filings up to date and no overdue accounts or confirmation statements.
• Net current assets remain positive (£40,514) with cash holdings (£40,590) exceeding current liabilities (£1,073), indicating good short-term liquidity.
• Shareholders’ funds remain positive at £41,566, evidencing net asset backing for the business.
• Directors are resident in the UK with no public records of disqualification or compliance issues.
• The business operates in an IT consultancy sector (SIC 62020), which generally has low fixed asset requirements and can be scalable.

4. Due Diligence Notes:

• Obtain management accounts or internal reports to assess recent operational profitability and cash flow trends given the drop in cash and net assets.
• Clarify the reason for the sharp reduction in current liabilities from £34,369 to £1,073 and corresponding cash decrease to understand working capital management.
• Review any contingent liabilities or off-balance sheet obligations not disclosed.
• Confirm there are no director-related party transactions or loans that might impact financial stability.
• Evaluate the nature of debtors (£997) and assess collectability.
• Investigate the company’s revenue and client base stability given limited financial disclosures.