VIRTUALBYTE LTD

Executive Summary

Virtualbyte Ltd is an early-stage private company with minimal financial activity and negligible assets since its incorporation in 2023. While compliant with filing obligations, the absence of turnover and operating scale presents high solvency and liquidity risks. Close monitoring and further information on operational plans are recommended to assess future viability.

VIRTUALBYTE LTD - Analysis Report

Company Number: SC776830

Analysis Date: 2025-07-29 12:56 UTC

1. Risk Rating: HIGH
   Given the company's minimal financial activity since incorporation, lack of turnover, and negligible current assets, there is a high risk regarding its ability to meet obligations or sustain operations in the near term.

2. Key Concerns:

• Lack of Revenue: The company reported zero turnover for its entire first accounting period, indicating no trading activity or sales.
• Minimal Asset Base: Current assets consist solely of £1 in cash, with no fixed or intangible assets and no creditors, suggesting extremely limited operational scale and liquidity.
• Single Director and Shareholder Control: The sole director and 100% owner is a young individual (born 2003), which may raise concerns about experience and governance robustness.

3. Positive Indicators:

• Compliance with Filings: The company’s accounts and confirmation statement are up to date and not overdue, evidencing regulatory compliance.
• No Liabilities: Absence of current or long-term liabilities reduces immediate solvency pressure.
• Clear Ownership and Control: Transparency in significant control with full disclosure of the sole shareholder/director.

4. Due Diligence Notes:

• Investigate the business plan and intended activities to understand the timeline for revenue generation and capital requirements.
• Verify funding sources and cash flow projections to assess how ongoing expenses will be met given the minimal current cash.
• Review the director’s background and experience to evaluate operational capability and governance.
• Confirm there are no off-balance-sheet obligations or contingent liabilities not disclosed in the accounts.
• Monitor future filings for trading commencement and financial performance improvements.