Company Number: 13555052

Analysis Date: 2025-07-19 12:04 UTC

1. Risk Rating: MEDIUM
   The company exhibits modest net assets and shareholder funds with a recent dip in net current assets into negative territory, indicating some liquidity strain. However, the absence of overdue filings and continuing operations since incorporation in 2021 somewhat mitigate immediate solvency concerns.

2. Key Concerns:

• Negative net current assets as of 2023 (£-302) suggest potential short-term liquidity challenges, which could affect the ability to meet imminent liabilities.
• Substantial reduction in current liabilities from 2021 to 2023 is positive but the current assets declined as well, signaling possible operational cash flow constraints.
• The company operates as a micro-entity with only one employee, limiting scale and potentially impacting operational stability and growth prospects.

3. Positive Indicators:

• Net assets and shareholder funds have increased significantly from £3,601 in 2022 to £12,147 in 2023, indicating improved capital base or retained earnings.
• No overdue account or confirmation statement filings demonstrate compliance with regulatory requirements.
• The sole director and 100% shareholder is consistent, which may imply stable governance and decision-making.

4. Due Diligence Notes:

• Review detailed profit and loss data (currently unavailable) to assess profitability trends and cash flow generation capacity.
• Clarify the nature of current liabilities due within one year to understand if any are overdue or at risk of non-payment.
• Investigate the reason for the decline in current assets from £13,028 in 2022 to £9,919 in 2023 and whether this impacts operational liquidity.
• Confirm if the company has any contingent liabilities or off-balance sheet obligations not reflected in the micro-entity accounts.
• Evaluate the business model and market position given the limited employee base and SIC code classification (repair of fabricated metal products).