TECH RK LTD

Executive Summary

Tech RK Ltd is a newly formed, small IT consultancy company with solid liquidity and positive net assets after its first financial year. Compliance with filing deadlines and an adequate cash position reduce immediate regulatory and solvency concerns. However, limited operating history and single-person control warrant ongoing monitoring to assess business sustainability and governance robustness.

TECH RK LTD - Analysis Report

Company Number: 15207235

Analysis Date: 2025-07-29 21:00 UTC

1. Risk Rating: LOW

Justification: Tech RK Ltd is a newly incorporated private limited company with a small asset base and modest current liabilities. The company shows positive net current assets and net assets, no overdue filings, and no indication of financial distress. The director holds full control and the company operates in IT consultancy, a sector with generally low capital intensity.

2. Key Concerns:

• Limited Financial History: The company has only one year of accounts since incorporation in October 2023, limiting trend analysis and financial robustness assessment.
• Director Loan: A small director advance of £1,344 is outstanding; while not material, it should be examined for repayment terms and potential impact on cash flow.
• Concentration Risk: Full ownership and control by a single director may present governance and continuity risks if not mitigated.

3. Positive Indicators:

• Positive Working Capital: Net current assets of £14,498 indicate the company can meet short-term liabilities.
• No Overdue Filings: Both accounts and confirmation statements are filed on time, suggesting compliance with regulatory obligations.
• Cash Position: Cash at bank of £21,996 supports liquidity and operational needs.
• Industry: Operating in IT consultancy (SIC 62020), which typically requires low fixed assets and can be scalable.

4. Due Diligence Notes:

• Review the director loan agreement to understand repayment expectations and any potential impact on financial stability.
• Monitor future financial statements for revenue trends, profitability, and cash flow, given the early stage of the company.
• Assess the company's client base and contracts to evaluate operational sustainability and revenue visibility.
• Confirm the adequacy of governance structures given single-person control.
• Investigate any contingent liabilities or provisions beyond what is reported, as the accounts show a small provision of £43 without detail.