VIRTUAL ASSISTANT DIARY LTD

Executive Summary

Virtual Assistant Diary Ltd has demonstrated a notable recovery from previous years of net liabilities to a modest positive net asset position as of March 2024. While compliance and operational continuity are evident, the company's small scale, reliance on director loans, and limited asset base present moderate solvency and liquidity risks that warrant further investigation before investment. Overall, the firm appears stable but remains vulnerable due to its micro-entity size and financial history.

VIRTUAL ASSISTANT DIARY LTD - Analysis Report

Company Number: 13245438

Analysis Date: 2025-07-29 14:35 UTC

1. Risk Rating: MEDIUM

The company shows signs of recent financial recovery but remains a micro-entity with limited capital and resources, indicating moderate risk. The turnaround from negative net assets in prior years to positive net assets in 2024 is encouraging but the absolute figures remain small, which may limit operational resilience.

2. Key Concerns:

• Historical financial distress: The company reported net liabilities and negative net current assets in both 2022 and 2023, indicating prior solvency and liquidity challenges.
• Director's loan amounting to £2,677 as a significant current liability suggests reliance on director funding, which may not be sustainable long term.
• Minimal fixed assets and low share capital (£1.00) indicate a lack of tangible asset base to support operations or creditor security.

3. Positive Indicators:

• Substantial improvement in financial position in the year ending March 2024 with a positive net asset position of £2,478 and net current assets of £2,256.
• Consistent filing history with no overdue accounts or confirmation statements, indicating compliance with regulatory requirements.
• Active website presence and a clearly defined business activity in business support services, suggesting operational continuity and market engagement.

4. Due Diligence Notes:

• Investigate the nature and terms of the director's loan, including repayment plans and whether it is treated as a related party transaction.
• Review the company's cash flow statements and profit and loss accounts (not currently provided) to assess ongoing operational cash generation and sustainability.
• Verify the business model and client base to understand revenue streams and growth prospects given the small scale of operations.
• Assess any contingent liabilities or off-balance sheet commitments not disclosed in micro-entity accounts.
• Confirm there are no director disqualifications or governance issues beyond the provided data.