YEETIP LIMITED

Executive Summary

Yeetip Limited is an early-stage private company with ongoing operational losses resulting in significant net liabilities and a liquidity gap where current liabilities greatly exceed current assets. The company is dependent on its parent company for funding to continue as a going concern, raising solvency and sustainability concerns. While regulatory compliance is maintained, investors should exercise caution and conduct thorough due diligence on parent support and operational viability before committing capital.

YEETIP LIMITED - Analysis Report

Company Number: 14654157

Analysis Date: 2025-07-29 16:17 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits significant negative net assets and a large current liabilities position relative to current assets, indicating poor solvency and liquidity. The financial statements disclose reliance on parent company funding to continue as a going concern, which introduces dependency risk.

2. Key Concerns:

• Negative Net Assets: The company reported net liabilities of £51,677 as of 31 December 2024, worsening from £33,371 the previous year, reflecting accumulated losses and an eroding equity base.
• Liquidity Shortfall: Current liabilities (£56,850) substantially exceed current assets (£5,173) as of the latest reporting date, suggesting difficulty in meeting short-term obligations without external support.
• Parent Company Dependency: The going concern note explicitly states the company depends on funding from its immediate parent, Tigersun Media Group, to meet liabilities and continue operations, which may present risk if such support ceases.

3. Positive Indicators:

• Compliance: The company is active, with no overdue statutory filings for accounts or confirmation statements, suggesting adherence to regulatory requirements so far.
• Sole Director and PSC Alignment: Mr Kevin Charles Arnaud Hurst holds all voting rights and directorship, potentially facilitating streamlined decision-making and governance clarity.
• Clear Accounting Policies: The financial statements demonstrate consistent application of accounting standards under FRS 102 and transparent disclosure of financial instruments and going concern assumptions.

4. Due Diligence Notes:

• Investigate Parent Support: Assess the financial health and willingness of Tigersun Media Group to continue funding Yeetip Limited, including any formal or informal support agreements.
• Review Operational Model and Revenue Streams: Obtain detailed information on the business model, revenue generation, and plans to return to profitability to evaluate sustainability beyond parent funding.
• Confirm Cash Flow Projections: Examine internal cash flow forecasts and working capital management to understand short-term liquidity management and risk of insolvency.
• Director Background: While no disqualifications are noted, further background checks on the sole director may be prudent given company financial distress.
• Related Party Transactions: Review the nature and terms of amounts owed to the parent undertaking (£55,000) to ensure no undue financial strain or governance issues.