AIR UTILITIES LIMITED

Executive Summary

Air Utilities Limited shows a low risk profile based on its positive net asset growth, strong liquidity, and compliance with regulatory filings. The company’s small scale and concentrated control warrant further review of financial performance and governance arrangements. Overall, current evidence suggests operational and financial stability suitable for investment consideration with standard due diligence.

AIR UTILITIES LIMITED - Analysis Report

Company Number: 12644404

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

1. Risk Rating: LOW
   The company demonstrates solid net asset growth, a positive net current asset position, and timely filings with no overdue accounts or confirmation statements. The modest scale and stable equity position support a low solvency and liquidity risk profile.

2. Key Concerns:

• Reliance on a single controlling director who holds significant influence and control, which may present governance concentration risk.
• Limited historical financial data and absence of a delivered profit and loss account at Companies House restrict comprehensive financial analysis.
• The company is small scale with modest share capital (£1), which may limit financial flexibility in adverse conditions.

3. Positive Indicators:

• Consistent increase in net assets from £38,227 in 2023 to £65,381 in 2024, indicating retained profitability or capital injections.
• Strong liquidity position with current assets (£215,183) substantially exceeding current liabilities (£149,802) as at June 2024.
• Compliance with filing requirements and no overdue accounts or confirmation statements, reflecting good regulatory standing.
• Business operations span multiple related SIC codes indicating diversification within utility-related construction and agency services.

4. Due Diligence Notes:

• Obtain and review full profit and loss accounts and cash flow statements to assess operational profitability and cash generation trends.
• Investigate the extent of director control and related party transactions to assess governance and potential conflicts of interest.
• Clarify the nature and duration of contracts underpinning revenue recognition, especially given the service and construction-oriented activities.
• Confirm the absence of contingent liabilities or off-balance sheet commitments not disclosed in the filed accounts.