APEX COMMISSIONING LTD

Executive Summary

Apex Commissioning Ltd is a recently established small private company with an initial positive net asset position and adequate regulatory compliance. While liquidity appears modest and reliance on director funding is noted, there are no immediate solvency concerns. Further due diligence on operational cash flows and director advances is recommended to confirm business sustainability.

APEX COMMISSIONING LTD - Analysis Report

Company Number: 14861440

Analysis Date: 2025-07-20 17:28 UTC

1. Risk Rating: LOW to MEDIUM
   Given the company's recent incorporation (2023) and relatively small scale as a micro/small entity, the financials show a positive net asset base and net current assets, indicating initial solvency and liquidity buffers. However, limited operating history and modest working capital place some caution on sustainability and operational risk in the early years.

2. Key Concerns:

• Limited Operating History: Incorporated less than two years ago with only one set of abridged unaudited accounts, limiting visibility on long-term financial stability and performance trends.
• Modest Liquidity Position: Current assets at £2,997 with only £701 in cash suggests tight liquidity, potentially challenging if working capital needs escalate or receivables are delayed.
• Director Advances: A director loan of £1,056 is outstanding, which may indicate reliance on director funding rather than operational cash flow, highlighting potential cash flow constraints.

3. Positive Indicators:

• Positive Net Current Assets and Net Assets: The company shows net current assets of £1,094 and net assets of £3,161, indicating an asset base exceeding liabilities and no immediate solvency red flags.
• No Overdue Filings: Both accounts and confirmation statements are up to date, demonstrating good regulatory compliance and governance in financial reporting.
• Single Controlling Director/PSC: Clear ownership and control by one director (Mr. Gary Peter Dawson) simplifies decision-making and oversight.

4. Due Diligence Notes:

• Review the company's revenue streams, contracts, and cash flow projections to assess operational sustainability beyond the first year.
• Investigate the nature and terms of the director's loan to understand repayment plans and any impact on liquidity.
• Monitor customer concentration risk and debtor aging, given the modest debtor balance relative to cash.
• Confirm no contingent liabilities or off-balance sheet obligations beyond the £485 provisions noted.
• Obtain insight into the company's business pipeline, competitive position, and market environment under SIC codes 71129 (Other engineering activities) and 43210 (Electrical installation).