VIPERON LTD

Executive Summary

VIPERON LTD, a micro private limited company incorporated in 2022, demonstrates significant financial distress with negative net current assets and shareholders’ funds as of June 2024. While regulatory filings are up to date and governance appears intact, the company’s deteriorating equity position and minimal operational scale raise substantial solvency and liquidity concerns. Further due diligence on cash flows, operational viability, and financing arrangements is recommended to fully assess investment risk.

VIPERON LTD - Analysis Report

Company Number: 14152023

Analysis Date: 2025-07-29 20:59 UTC

1. Risk Rating: HIGH
   The company exhibits significant negative net current assets and net assets, indicating insolvency risks and potential inability to meet short-term obligations.

2. Key Concerns:

• Negative Net Current Assets: The 2024 accounts report current assets at £801 against current liabilities of £1,402, resulting in net current liabilities of £601, worsening from a net current liability of £61 in prior years.
• Negative Equity Position: Shareholders’ funds and net assets have deteriorated from £60 in 2023 to negative £600 in 2024, suggesting accumulated losses or capital erosion.
• Minimal Operational Scale: The company operates as a micro entity with only one employee and negligible asset base, raising questions about operational sustainability and financial resilience.

3. Positive Indicators:

• Compliance with Filings: Company accounts and confirmation statements are filed on time, indicating regulatory compliance to date.
• Single Director with Clear Record: The sole director is appointed since incorporation with no noted disqualifications or governance issues.
• No Indication of Liquidation or Administration: The company remains active and has not entered formal insolvency processes.

4. Due Diligence Notes:

• Investigate the nature and cause of the negative equity and worsening net current asset position, including any undisclosed liabilities or contingent risks.
• Review cash flow statements and trading performance to assess liquidity and ability to fund ongoing operations given minimal assets.
• Confirm whether external financing or shareholder loans support the business, and if so, on what terms and sustainability.
• Clarify the business model and revenue generation, given the small size and negative financial position, to evaluate operational viability.
• Examine any related party transactions or director loans that might impact financial stability.