Company Number: 12626367

Analysis Date: 2025-07-20 15:59 UTC

1. Risk Rating: LOW
   Atlantis Joinery Ltd presents a low risk profile based on the latest filed accounts. The company shows solid net current assets, positive net asset growth, and no overdue filings, indicating sound solvency and compliance.

2. Key Concerns:

• Significant increase in current liabilities, particularly VAT and corporation tax, which rose substantially in the latest year and could pressure short-term liquidity if not managed.
• High debtor balances, including a notable portion due after more than one year (£100,500), which raises questions about collectability and cash flow timing.
• No reported employees aside from directors, suggesting potential operational dependency on a small management team which might impact business continuity or scalability.

3. Positive Indicators:

• Strong growth in net assets from £72,556 in 2023 to £186,378 in 2024, reflecting retained earnings and improved financial health.
• Healthy net current assets (£171,953) and a positive working capital position indicating the company can meet short-term obligations.
• Up to date statutory filings with no overdue accounts or confirmation statements, demonstrating regulatory compliance and good governance.
• Tangible fixed assets increased, showing investment in plant and machinery, which supports operational capacity.

4. Due Diligence Notes:

• Investigate the nature and aging of the long-term debtor amount (£100,500) to assess risk of non-payment or need for provisions.
• Review VAT and tax payment schedules to confirm timely settlement and avoid potential penalties or interest.
• Confirm operational structure and dependency on directors given zero reported employees to understand business continuity risk.
• Assess the director loan account details and any related party transactions for potential conflicts or financial exposure.