Company Number: 14590330

Analysis Date: 2025-07-20 15:59 UTC

1. Risk Rating: HIGH
   Wizzo Teq Limited exhibits significant solvency concerns with net liabilities and negative net current assets shortly after incorporation. The micro-entity status and minimal asset base further elevate risk.

2. Key Concerns:

• Negative Net Assets: The company reported net liabilities of £1,394 as at 31 January 2024, indicating the company’s liabilities exceed its assets.
• Severe Working Capital Deficit: Current liabilities (£55,799) vastly exceed current assets (£215), resulting in a negative net current asset position of £-55,584, a red flag for liquidity and short-term financial health.
• Recent Incorporation with Limited Financial History: Incorporated in January 2023, the company’s financial history is minimal, reducing visibility on operational sustainability and profitability prospects.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is current on its accounts and confirmation statement filings, indicating regulatory compliance and governance discipline.
• Sole Director and PSC Alignment: The sole director, Shamim Hussain, holds 75-100% ownership and voting rights, simplifying decision-making and accountability.
• Exemption from Audit: Given the micro-entity status, the company benefits from simplified reporting requirements, reducing overhead costs in early stages.

4. Due Diligence Notes:

• Examine Cash Flow Projections and Funding Sources: Investigate how the company plans to address its working capital deficit and fund operations going forward.
• Review Business Model and Revenue Streams: Understand whether the negative equity position is typical for this industry/startup phase or symptomatic of deeper operational challenges.
• Assess Director’s Background: Given the director’s central role, review any prior directorships and financial track record to gauge management capability and integrity.
• Clarify Fixed Asset Composition: Determine the nature of the £54,790 fixed assets to assess their liquidity and utility for business operations or collateral purposes.