VISUAL ANTICS APPAREL LIMITED

Executive Summary

Visual Antics Apparel Limited is a newly incorporated small private company with minimal financial resources and no employees reported in its first year. While it maintains good statutory compliance and has a stable director structure, the limited scale and lack of audited financials present significant solvency and operational risks. Further due diligence is recommended to understand the company’s business viability and liquidity position.

VISUAL ANTICS APPAREL LIMITED - Analysis Report

Company Number: NI696503

Analysis Date: 2025-07-20 13:03 UTC

1. Risk Rating: HIGH
   Justification: The company is newly incorporated (April 2023) and has minimal financial history with very limited assets (£2,021 current assets and £519 net assets) and no employees. The unaudited abridged accounts show a very small scale operation with low working capital, which raises concerns about the ability to meet obligations or sustain operations.

2. Key Concerns:

• Limited Financial Resources: Net assets of only £519 and cash of £1,988 at year-end indicate very limited financial cushion to absorb losses or support growth.
• No Employees and Operational Scale: The company reported zero employees during its first financial period, suggesting a very small or possibly inactive operational base which may affect revenue generation and sustainability.
• Lack of Audited Financials and P&L Disclosure: The accounts are unaudited and abridged, and the profit and loss account was not filed, limiting transparency into profitability, cash flow, and operational performance.

3. Positive Indicators:

• Compliance with Filing Requirements: The company has maintained its statutory filings on time with no overdue accounts or confirmation statements, indicating good compliance and governance practices.
• Clear Ownership and Management Structure: Three directors with defined shareholdings and no indications of director disqualifications or resignations suggest stable governance at the board level.
• Industry Classification: Retail sale of clothing in specialised stores is a well-established market sector, which potentially offers growth opportunities if the company scales.

4. Due Diligence Notes:

• Verify the company’s business model and revenue generation plans given the absence of employees and limited assets.
• Request management accounts or detailed financial projections to assess liquidity and cash flow beyond the minimal statutory disclosures.
• Investigate the background and experience of the directors relative to the apparel retail sector to assess operational capability.
• Confirm whether any significant transactions or funding occurred post year-end that could affect financial stability.
• Ascertain whether the company has any trade creditors or contingent liabilities not reflected in the abridged accounts.