Company Number: 14720917

Analysis Date: 2025-07-20 18:28 UTC

1. Risk Rating: LOW

Justification: Altrincham Construction Ltd is a newly incorporated micro-entity with a positive net current asset position (£39,408) and no overdue filings. The company shows adequate working capital relative to current liabilities and has complied with regulatory filing requirements. There is no indication of financial distress or governance issues at this early stage.

2. Key Concerns:

• Limited operating history: Incorporated in March 2023, the company’s financial data covers just over one year, which limits trend analysis and visibility into sustainable cash flow generation.
• Single employee and micro-entity size: The small scale may constrain operational capacity and resilience to market fluctuations in the construction sector.
• Change in directorship: Director Harriet Pilkington, who controlled 75-100% of shares and voting rights, resigned in July 2024, replaced by Steven Johnson. The impact of this change on control and strategic direction should be monitored.

3. Positive Indicators:

• Positive net current assets: The company’s current assets exceed current liabilities by a comfortable margin, indicating short-term solvency.
• Up-to-date statutory compliance: All accounts and confirmation statements are filed on time, demonstrating good governance and regulatory compliance.
• Clear ownership and control: The previous controlling shareholder was transparent as a person with significant control, facilitating accountability.

4. Due Diligence Notes:

• Investigate the reason for directorship change and confirm if control has shifted or remains consistent with prior ownership.
• Review cash flow forecasts and business plans to assess operational scalability and sustainability beyond the first year.
• Obtain more detailed financial information beyond the micro-entity summary to evaluate profitability, liabilities beyond current ones, and contingent risks.