UCENTERED LTD

Executive Summary

UCENTERED LTD demonstrates solvency with positive net assets and no overdue filings but has experienced a material decline in net assets and current assets in the latest financial year, raising moderate concern about financial stability. The company maintains positive working capital and compliance, but sole director control and asset reductions warrant further investigation to assess ongoing operational viability.

UCENTERED LTD - Analysis Report

Company Number: 13951949

Analysis Date: 2025-07-20 15:11 UTC

1. Risk Rating: MEDIUM
   UCENTERED LTD shows a reduction in net assets from £22,376 in FY2023 to £5,698 in FY2024, indicating a significant decline in financial buffer. While it remains solvent with positive net current assets and net assets, the sharp decrease within one year raises moderate concern regarding financial stability and sustainability.

2. Key Concerns:

• Declining Net Assets: The drop from £22,376 to £5,698 in net assets suggests either operational losses or asset write-downs, which could impair the company’s ability to absorb future shocks.
• Reduced Current Assets: Current assets fell markedly from £32,112 in 2023 to £8,081 in 2024, which may indicate liquidity constraints or cash flow pressure.
• Single Director and Shareholder Control: Full ownership and control by one individual may concentrate governance risk, especially if there is limited oversight or succession planning.

3. Positive Indicators:

• Positive Working Capital: The company maintains a positive net current asset position (£4,651 in 2024), indicating it can meet short-term liabilities.
• Compliance with Filings: No overdue accounts or confirmation statements suggest regulatory compliance and good administrative governance.
• Micro-entity Status: This limits filing burdens and may reflect a lean operational structure, potentially reducing fixed overheads.

4. Due Diligence Notes:

• Investigate the cause of the significant decline in net assets and current assets between FY2023 and FY2024 to determine if losses are operational or due to one-off events.
• Assess cash flow statements and profit & loss accounts (not provided) to evaluate ongoing profitability and liquidity trends.
• Review director’s background and governance arrangements given sole control by one individual to understand potential risks.
• Confirm absence of related party transactions or unusual creditor/debtor movements that might affect financial stability.