Company Number: 15113903

Analysis Date: 2025-07-19 12:46 UTC

1. Risk Rating: HIGH
   Given the very limited trading history since incorporation in September 2023, minimal turnover (£4,125), very low net assets (£262), and the fact that accrued/deferred income almost offsets current assets, the company appears to be at an early and fragile stage financially. There is a significant risk around its ability to meet obligations if trading does not scale rapidly.

2. Key Concerns:

• Extremely low revenue and net assets indicate limited operational scale and financial resilience.
• Accruals and deferred income of £3,612 nearly equal current assets, suggesting working capital constraints and limited liquidity buffer.
• Single director and sole person of significant control increases governance risk and potential lack of oversight or succession planning.

3. Positive Indicators:

• No overdue filings for accounts or confirmation statements, indicating regulatory compliance to date.
• Micro-entity accounts filed timely and prepared under small companies regime, lowering audit and administrative burdens.
• Director is also shareholder with full control, which can allow rapid decision-making.

4. Due Diligence Notes:

• Investigate current cash flow and short-term funding arrangements given limited working capital.
• Understand business model and pipeline to determine if turnover growth is achievable in near term.
• Review director background and capacity to scale operations single-handedly.
• Confirm no contingent liabilities or off-balance sheet risks beyond disclosed accruals.
• Assess competitive landscape and client concentration in employment placement sector (SIC 78109).