Company Number: 13446623

Analysis Date: 2025-07-19 12:23 UTC

1. Risk Rating: LOW
   Yellowkey Ltd demonstrates a stable financial position with positive net assets and shareholders' funds, consistent profitability in the latest year, and compliant filing status. The company’s micro entity classification and limited financial complexity reduce operational risk.

2. Key Concerns:

• Low turnover (£49.5k for 2024) may limit scalability and resilience to market shocks.
• No employees reported, indicating reliance on directors or contractors, which could affect operational capacity and continuity.
• Limited share capital (£2.00) suggests minimal equity buffer, though this is common for micro entities.

3. Positive Indicators:

• Positive net assets and shareholders' funds increased from £3,003 (2023) to £4,645 (2024), reflecting improved financial health.
• Profitability returned in 2024 with a profit of £7,886 after a prior loss, indicating operational progress.
• No overdue filings for accounts or confirmation statements, indicating good compliance and governance.
• Directors have been consistent since incorporation with no adverse records reported.

4. Due Diligence Notes:

• Verify the nature of turnover decline from £65,883 (2022) to £49,543 (2024) and assess market positioning and client diversification.
• Clarify the operational model given zero employees; investigate reliance on subcontractors or director input.
• Review cash flow details and working capital management beyond the balance sheet to confirm liquidity sufficiency.
• Confirm no off-balance sheet liabilities or contingent risks beyond the accounts disclosures.