Company Number: 13006796

Analysis Date: 2025-07-20 14:37 UTC

1. Risk Rating: LOW to MEDIUM
   The company demonstrates a positive net asset position with increasing shareholder funds and net current assets over recent years. There are no overdue filings or liquidation indicators. However, the micro-entity scale and limited financial disclosures constrain a thorough risk assessment, suggesting moderate caution.

2. Key Concerns:

• Limited Capital Base: Share capital stands at £1.00, indicating minimal equity infusion which may restrict financial resilience.
• Employee Reduction: Average employees dropped from 5 to 3 in 2023, potentially signaling operational downsizing or efficiency pressures.
• Industry Exposure: Engaged in freight transport and temporary employment agency activities, sectors sensitive to economic fluctuations and regulatory changes.

3. Positive Indicators:

• Improved Liquidity: Current assets increased substantially in 2023 (£416k) compared to prior years, leading to positive net current assets (£49k), suggesting better short-term financial health.
• Consistent Net Asset Growth: Shareholders’ funds grew from £9.9k in 2020 to £83k in 2023, reflecting retained earnings or capital contributions enhancing solvency.
• Compliance: All accounts and confirmation statements are filed on time, indicating sound regulatory compliance and governance.

4. Due Diligence Notes:

• Verify the composition of current assets to assess liquidity quality (cash vs. receivables or stock).
• Investigate the reason behind employee count reduction and its impact on operational capacity.
• Assess contracts or revenue streams given the diversified SIC codes involving freight and temporary staffing for stability.
• Confirm absence of related party transactions or contingent liabilities not visible in micro-entity accounts.
• Review director background for any adverse conduct records (none visible here but recommended).