Company Number: 14729499

Analysis Date: 2025-07-20 16:08 UTC

1. Risk Rating: LOW

   Justification: Intracoronal Ltd is a newly incorporated private limited company (March 2023) operating in the dental practice sector. The latest filed accounts (year ended 31 March 2024) show a positive net asset position of £10,995 with net current assets of £10,995, implying that current assets exceed current liabilities. No bank loans or long-term debt are reported. The company is up to date with statutory filings and shows no signs of financial distress or regulatory non-compliance.

2. Key Concerns:

   • Limited Financial History: The company has been in operation for just over one year with only its first set of accounts filed, limiting trend analysis and financial depth.
   • No Tangible or Intangible Fixed Assets: The balance sheet shows zero fixed assets, which may indicate reliance on rented premises or lack of capital investment; this could impact operational stability depending on the business model.
   • No Employees Recorded: The accounts note zero employees, which may imply reliance on the director alone or subcontracted services; this might affect scalability and operational sustainability.

3. Positive Indicators:

   • Positive Net Current Assets and Shareholders’ Funds: Cash of £22,064 against current liabilities of £11,069 is a favorable liquidity position for a start-up in its first year.
   • No Debt or Loans: Absence of bank loans or finance leases reduces solvency risk.
   • Compliance with Filing Requirements: Accounts and confirmation statements are filed on time with no overdue filings, indicating good governance.
   • Sole Director with Significant Control: The controlling director (Xxxxxx Xxxxxxxxname shown to subscribers) is also a dentist by occupation, aligning management expertise with the company’s primary business activity (dental practice).

4. Due Diligence Notes:

   • Confirm Revenue and Profitability: The accounts do not disclose turnover or profit and loss details; further inquiry into revenue streams and profitability is needed to assess operational sustainability.
   • Understand Business Model: Clarify whether the company operates from rented premises and its capital expenditure plans since no fixed assets are recorded.
   • Assess Contractual Obligations: Review the nature and terms of current liabilities, particularly tax and social security costs, to evaluate ongoing cash flow commitments.
   • Evaluate Staffing and Service Delivery: Determine how dental services are delivered without recorded employees—whether through subcontractors or other arrangements.
   • Review Director’s Background and Financial Support: Given sole control by Xxxxxx Xxxxxxxxname shown to subscribers, assess her financial backing and capacity to support the business through its early operational phase.