Company Number: 14563819

Analysis Date: 2025-07-29 18:15 UTC

1. Risk Rating: LOW
   Based on the available data, Annettemedical Limited shows a stable financial position with positive net assets and net current assets, no overdue filings, and consistent compliance with statutory requirements. The company is small in scale and recently incorporated, but there are no immediate solvency or liquidity red flags evident from the micro-entity accounts.

2. Key Concerns:

• Limited Financial History: Incorporated late 2022, the company has a short operational track record which limits assessment of long-term financial stability and operational sustainability.
• Declining Asset Base and Net Assets: Fixed assets and current assets declined slightly from 2023 to 2024, resulting in a reduction in net assets from £1,740 to £1,384. While still positive, this trend warrants monitoring.
• Concentration of Control: One individual (Annette Carole Connolly) holds 75-100% of shares and voting rights, representing potential governance risk if succession or control issues arise.

3. Positive Indicators:

• Compliance and Timely Filings: Accounts and confirmation statements are up to date, with no overdue filings or penalties.
• Adequate Liquidity Position: Net current assets remain positive (£755 in 2024), indicating the company has sufficient short-term assets to cover liabilities.
• Minimal Debt Burden: Current liabilities are relatively low (£1,580) compared to current assets, reducing liquidity strain.
• Micro Entity Reporting: Use of micro-entity accounting standards simplifies reporting and indicates a small-scale, low-complexity operation.

4. Due Diligence Notes:

• Review Profit and Loss Data: Profit and loss accounts were not filed publicly; obtaining internal P&L statements would clarify profitability and cash flow sustainability.
• Cash Flow Analysis: Investigate cash generation ability given the slight decline in assets and net assets year-over-year.
• Director Background Checks: Confirm no adverse records or disqualifications for current directors, especially given concentrated control.
• Business Model and Revenue Streams: Understand the operational business model within hospital activities (SIC 86101) to assess market position and risks.
• Future Capital Requirements: Assess if the company plans to raise additional capital or expand, given modest share capital (£100) and limited fixed assets.