IMAGE DATA GROUP LIMITED
Company number 02452106 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Risk Rating: MEDIUM
The company is up-to-date with its filing obligations and has a long operational history, which are positive signs. However, the absence of filed financial data in the provided information, combined with apparent inconsistencies in the Persons with Significant Control (PSC) register, prevents a definitive low-risk assessment. The printing industry (SIC 18129) faces structural challenges, adding sector-specific risk.
Key Concerns
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Contradictory PSC Ownership Data
The register shows name shown to subscribers owning more than 75% of shares and voting rights, while name shown to subscribers and name shown to subscribers each own between 25% and 50%. These percentages cannot coexist logically, suggesting either a data error, recent share restructuring not yet reflected, or potential governance irregularities. This warrants immediate clarification. -
Lack of Financial Data
No balance sheet, profit & loss, or cash flow figures are available for review. Without financials, it is impossible to assess solvency (net assets vs. liabilities), liquidity (current ratio, working capital), or operational profitability. The company files as a Group, but the underlying subsidiary accounts are not disclosed here. -
Sector Headwinds in Commercial Printing
The primary SIC code (18129 – Printing not elsewhere classified) is a mature, highly competitive industry with declining demand for traditional print. Margins are often thin, and capital expenditure requirements for digital transition can strain cash flow. Without financial evidence of adaptation, this sector exposure is a latent risk.
Positive Indicators
- Long Trading History – Incorporated in 1989 (over 35 years of continuous operation), suggesting resilience and established customer relationships.
- Filing Compliance – Both accounts and confirmation statement are up-to-date with no overdue filings, indicating competent administrative management.
- Experienced Board – Directors include a managing director (name shown to subscribers) with apparent long tenure, and the presence of a company secretary (name shown to subscribers) supports proper governance.
Due Diligence Notes
- Request Full Group Accounts – Obtain the latest consolidated financial statements (including profit & loss, balance sheet, and cash flow) to evaluate net asset position, working capital, and debt levels. Pay special attention to intercompany balances and contingent liabilities.
- Clarify PSC Register – Request an explanation for the conflicting ownership percentages. Confirm whether there has been a recent share transfer or if the register contains an error. This is critical for understanding control and potential related-party transactions.
- Review Director Conduct Records – Check the Insolvency Service database for any disqualification orders against any of the current directors (especially name shown to subscribers and name shown to subscribers) to rule out past misconduct.
- Industry-Specific Metrics – Benchmark the company’s revenue trends and profit margins against sector averages for printing services. Look for evidence of diversification into digital or packaging printing to mitigate structural decline.