Company Number: SC693863

Analysis Date: 2026-06-11 05:09 UTC

1. Risk Rating: MEDIUM
   The company shows positive net assets and shareholder funds growth over recent years, indicating improving equity. However, persistent and material negative net current assets (working capital deficits) across multiple years present liquidity concerns. The business is small, with only one employee, and heavily reliant on director control, which adds some concentration risk.

2. Key Concerns:

• Negative Working Capital: Consistently negative net current assets (e.g., -£90,974 in 2026) may hinder the company’s ability to meet short-term liabilities promptly.
• Size and Employee Base: The micro-entity classification with only one employee limits operational flexibility and could indicate scale constraints or operational risks.
• Single Director and PSC Control: Mr. Nathaniel Beckett holds 75-100% share and voting rights and is the sole director, concentrating control and exposing the company to key person risk.

3. Positive Indicators:

• Net Asset Growth: Net assets increased strongly from £14,399 in 2025 to £123,491 in 2026, reflecting growth in fixed assets and shareholder funds.
• Current and Not Overdue Filings: Accounts and confirmation statements are up to date with no overdue filings, indicating compliance with regulatory deadlines.
• Stability in Fixed Assets: The company owns substantial fixed assets (£315,642 in 2026), suggesting some capital investment for operational capacity.

4. Due Diligence Notes:

• Investigate the nature of current liabilities driving negative working capital and review supplier/payment terms to assess liquidity pressures.
• Assess cash flow statements or management accounts not provided here to evaluate operational cash generation and short-term solvency.
• Review director’s strategic plans and contingency measures given the single-person management structure.
• Confirm details of long-term liabilities (£101,177 at 2026 year-end) to understand debt profile and repayment schedule.