Company Number: 14363009

Analysis Date: 2025-07-29 16:08 UTC

1. Risk Rating: LOW
   Zebra Play Therapy Limited demonstrates a solid balance sheet with positive net assets and increasing shareholder funds over its short operating history. The company is current with all statutory filings and has no indications of financial distress or governance issues.

2. Key Concerns:

• Limited Operating History: Incorporated in September 2022, the company has a relatively short track record which limits the ability to assess long-term operational sustainability.
• Small Scale: As a micro-entity with a single employee and modest asset base, the company may be vulnerable to market or operational shocks.
• Concentration of Control: The sole director and 75-100% shareholder is the same individual, which may pose governance and succession risks.

3. Positive Indicators:

• Improving Financial Position: Net current assets more than doubled from £5,286 in 2023 to £10,687 in 2024, with shareholders' funds increasing similarly, indicating growth and strengthening solvency.
• Adequate Liquidity: Current assets comfortably exceed current liabilities, showing capacity to meet short-term obligations.
• Compliance: All accounts and confirmation statements are up to date, with no overdue filings or outstanding compliance issues.
• Clear Ownership: Transparent ownership with a single controlling individual, simplifying accountability.

4. Due Diligence Notes:

• Review detailed cash flow statements (not provided) to ensure positive operating cash flows and confirm liquidity beyond balance sheet snapshots.
• Assess the business model and revenue streams underlying the Educational Support Services classification to evaluate sustainability and growth potential.
• Consider the operational impact and risks associated with sole director control, including contingency planning for continuity.
• Verify that the fixed asset valuation, which decreased from £470 to £253, reflects no impairment or disposal concerns.