Company Number: 12589174

Analysis Date: 2025-07-20 16:08 UTC

1. Risk Rating: LOW
   ALT PLASTERING SERVICES LIMITED demonstrates a stable financial position with positive net current assets and no overdue filings. The company’s micro-entity status and consistently positive net assets indicate a low solvency risk and manageable operational scale.

2. Key Concerns:

• Limited Financial Scale: The company’s total net assets are modest (£15,842 in 2024), reflecting a very small operation that may be vulnerable to cash flow fluctuations or unexpected expenses.
• No Employees Reported: The accounts indicate zero employees over recent years, suggesting reliance on the director or subcontractors, which may limit operational capacity and scalability.
• Decreasing Current Assets: Current assets declined from £21,140 in 2023 to £15,842 in 2024, which while not critical, could indicate tightening liquidity.

3. Positive Indicators:

• Clean Compliance Record: No overdue accounts or confirmation statements, demonstrating good regulatory compliance.
• Positive Working Capital: Net current assets remain positive, indicating the company can meet short-term liabilities.
• Stable Shareholder Control: A single director and person with significant control simplifies governance and accountability.

4. Due Diligence Notes:

• Cash Flow Analysis: Obtain more detailed cash flow statements or bank statements to confirm liquidity beyond balance sheet snapshots.
• Operational Model: Clarify whether the business uses subcontractors or directors to conduct work given no employees are recorded.
• Revenue and Profit Trends: Review profit & loss accounts (not provided) to assess profitability and sustainability.
• Director Background: While no red flags appear, verify the director’s experience and reputation in the plastering industry.