Company Number: 13967046

Analysis Date: 2025-07-20 16:15 UTC

1. Risk Rating: MEDIUM
   The company shows a positive net asset position and net current assets indicating solvency at the balance sheet date. However, the financial information is limited to a short trading period (just over one year) with small share capital and reliance on directors’ loans, which introduces some risk. The overdue accounts filing is also a concern.

2. Key Concerns:

• Overdue statutory accounts filing: The last accounts were due by 2024-03-31 but remain overdue, which raises regulatory compliance concerns and potential penalties.
• Reliance on director's loan debtor (£102,702): A significant portion of current assets is owed by directors, which may affect liquidity if these funds are not readily recoverable.
• Small equity base (£100 share capital) and limited trading history: The company has operated for just over one year with low capitalisation, making financial stability and operational sustainability less certain.

3. Positive Indicators:

• Positive net current assets (£74,432) and net assets (£94,580): Indicates the company has more short-term assets than liabilities and is solvent at the reporting date.
• Cash balance of £57,234: Provides some liquidity cushion for ongoing operations.
• Active status with no liquidation or administration proceedings: Suggests ongoing operations without known distress.
• Director with significant control and relevant industry experience (Quantity Surveyor): Potentially beneficial for operational management in construction-related activities.

4. Due Diligence Notes:

• Investigate reasons for overdue accounts filing and confirm any regulatory actions or penalties.
• Assess the nature and recoverability of the directors' loan balance, including terms of repayment or whether it represents ongoing financing or temporary advances.
• Review updated financials if available to confirm current financial position and cash flow trends beyond the initial reporting period.
• Evaluate contract pipeline and revenue sustainability given the SIC code relates to specialised construction activities.
• Confirm no director disqualifications or governance issues beyond the data provided.