WYE TECHNICAL SOLUTIONS LTD

Executive Summary

WYE Technical Solutions Ltd shows low financial risk with a strong liquidity position, positive net assets, and full compliance with filing requirements. The company's modest size and the unexplained provisions warrant further inquiry, but overall the financial data suggests operational stability and sound governance practices to date.

WYE TECHNICAL SOLUTIONS LTD - Analysis Report

Company Number: 13020943

Analysis Date: 2025-07-20 13:40 UTC

1. Risk Rating: LOW
   WYE Technical Solutions Ltd demonstrates a strong liquidity position with cash significantly exceeding current liabilities. The company maintains positive net assets and shareholders' funds, and its filings are up to date without any overdue accounts or returns.

2. Key Concerns:

• The company holds a provision for liabilities of £15,876 as of 2024, which is not explained in detail and could represent contingent risks.
• Tangible fixed assets include a significant recent addition and disposal of motor vehicles, suggesting potential capital expenditure volatility or asset management issues.
• The company's small size with only 2 employees and limited share capital (£100) may constrain operational scalability and financial flexibility.

3. Positive Indicators:

• Cash balances have increased steadily from £75,604 in 2020 to £105,874 in 2024, providing comfortable coverage of short-term liabilities (~5x coverage).
• Net current assets and net assets have grown consistently, reflecting stable financial health and retained earnings accumulation.
• No overdue filings or compliance issues noted; the company is active and maintains good governance with clear director appointments.

4. Due Diligence Notes:

• Investigate the nature and potential impact of the £15,876 provision for liabilities to understand any hidden risks.
• Review the company’s revenue and profitability trends (not disclosed) to confirm operational sustainability beyond balance sheet strength.
• Examine management’s strategy regarding fixed asset turnover and capital expenditure given the disposal and acquisition activity in motor vehicles.
• Confirm the absence of any director disqualifications or adverse regulatory actions beyond the basic data provided.