Company Number: 12846929

Analysis Date: 2025-07-19 12:34 UTC

1. Risk Rating: LOW
   The company shows a stable liquidity position with net current assets consistently positive over the last three years. There is no indication of overdue filings or liquidation. Net assets are positive and improving compared to the initial year, indicating solvency.

2. Key Concerns:

• The company has relatively low cash reserves (£5,376 at the latest year end) which may limit operational flexibility.
• Long-term creditors (amounts falling due after one year) have increased from £3,036 to £3,417, which should be monitored for repayment risk.
• Shareholders’ funds have decreased slightly from £1,769 in 2023 to £1,434 in 2024, suggesting limited retained earnings growth or potential minor losses.

3. Positive Indicators:

• No overdue accounts or confirmation statements; compliance with filing requirements is up to date.
• Positive net current assets and net assets indicate the company is solvent and able to meet short-term liabilities.
• The director is also the sole significant controller, which often aligns management and ownership interests, potentially aiding decision-making and governance.

4. Due Diligence Notes:

• Verify the nature and terms of the "other creditors" classified as falling due after one year to assess repayment risk and impact on long-term solvency.
• Review profit and loss account details (not publicly filed) to understand profitability trends and reasons behind the slight reduction in shareholders’ funds.
• Confirm the company's operational model and revenue streams given the SIC code 53202 (Unlicensed carrier) to assess industry risk and regulatory compliance scope.
• Assess the company’s cash flow management practices given relatively low cash balances versus liabilities.