Company Number: 14183498

Analysis Date: 2025-07-29 13:04 UTC

1. Risk Rating: HIGH
   The company’s financial data reveals extremely limited asset base and equity, with net assets of only £3 as of June 2024. This minimal capitalization suggests very limited financial buffer to absorb losses or meet liabilities, posing a significant solvency risk. The micro-entity status with minimal turnover and scant current assets also indicates potential liquidity concerns.

2. Key Concerns:

• Extremely Low Net Assets: The company’s net assets of £3 are negligible, implying minimal financial strength or capital to support operations or cover obligations.
• Limited Operating History: Incorporated in mid-2022, the company has only two years of trading history with very minimal employee numbers (2 in 2024), raising questions about operational scale and sustainability.
• Highly Concentrated Ownership and Control: Control is held almost entirely by one individual, Mr Ionel Onofrei, who only recently replaced a previous director, potentially increasing governance risk due to lack of diversification in management.

3. Positive Indicators:

• Compliance with Filing Deadlines: The company is up to date with its accounts and confirmation statement filings, demonstrating regulatory compliance and good governance practices in this respect.
• Legal Status Active: The company is currently active and not subject to liquidation, administration, or receivership, indicating no immediate formal distress or insolvency proceedings.
• Growth in Employment: The move from zero employees in 2023 to two in 2024 may signal initial business development and operational scaling.

4. Due Diligence Notes:

• Examine Cash Flow and Revenue Streams: Given the micro-entity classification and minimal assets, assess the company’s income generation capacity and cash flow sufficiency to meet short-term liabilities.
• Review Management Background: Investigate the track record and expertise of the current director and major shareholder for experience in construction and ability to run a sustainable business.
• Clarify Business Model and Contracts: Understand the company’s current contracts or pipeline in construction of domestic and commercial buildings to evaluate future revenue prospects and operational viability.