Company Number: 15436377

Analysis Date: 2025-07-19 11:56 UTC

1. Risk Rating: LOW
   The company is newly incorporated with no signs of financial distress. It maintains positive net current assets and shareholders’ funds, indicating an ability to meet short-term obligations. Compliance filings are up to date, and no adverse governance issues are evident.

2. Key Concerns:

• Lack of operating history: Incorporated in January 2024, the company has a limited track record, making it difficult to assess longer-term operational stability or profitability.
• No employees reported: The accounts show zero average employees during the period, which may imply a reliance on subcontractors or the director alone, potentially limiting operational capacity.
• Minimal financial scale: As a micro-entity with modest current assets (£2,416) and liabilities (£848), the company operates at a small scale, which may restrict resilience to unexpected expenses or cash flow shocks.

3. Positive Indicators:

• Positive net current assets (£1,568) and shareholders’ funds suggest solvency at the balance sheet date.
• No overdue filings; accounts and confirmation statements are timely, reflecting good regulatory compliance.
• Single director and sole person of significant control with full ownership and control rights simplifies governance and decision-making.
• SIC code 43220 indicates a clear business focus on plumbing and HVAC installation, a sector with consistent demand.

4. Due Diligence Notes:

• Obtain and review any management accounts or cash flow forecasts to better understand liquidity and operational plans.
• Confirm the nature of the company’s client base and contracts, given the absence of employees and early stage of trading.
• Investigate any related party transactions or director loans that may not be apparent from limited micro-entity filings.
• Monitor future filings for revenue growth, profitability, and any indications of credit risk or contingent liabilities.