Company Number: 15170359

Analysis Date: 2025-07-29 20:08 UTC

1. Risk Rating: LOW

The company is newly incorporated (less than 1.5 years old) and categorised as a micro-entity with modest assets and liabilities. The balance sheet shows a positive net asset position (£13,792) and net current assets (£13,320), indicating the company currently holds sufficient short-term assets to cover its liabilities. No overdue filings or compliance issues are evident.

2. Key Concerns:

• Limited Operating History: Incorporated in late 2023, the company has a very brief track record, making it difficult to assess ongoing operational stability or profitability trends.
• Minimal Financial Disclosure: As a micro-entity, the company files abbreviated accounts without a profit and loss statement, limiting insight into revenue, profitability, or cash flow performance.
• Single Director and Shareholder Control: Mr. Alexander Pike holds 100% ownership and control, which concentrates decision-making and potentially increases governance risk if not managed well.

3. Positive Indicators:

• Positive Net Assets and Working Capital: The company shows a positive net asset and net current asset position, suggesting an ability to meet short-term obligations.
• No Overdue Filings or Compliance Issues: Both accounts and confirmation statement filings are up to date, reflecting good regulatory compliance.
• Clear Ownership and Control Structure: The sole director and shareholder are identified with no disqualifications or adverse records reported.

4. Due Diligence Notes:

• Financial Performance and Cash Flow: Obtain detailed management accounts or internal financial reports to assess revenue generation, profitability, and cash flow beyond balance sheet snapshots.
• Business Model and Market Position: Review the company’s operational plans, customer base, and competitive positioning in the used car sales sector (SIC 45112).
• Director Background Checks: While no issues are apparent, further due diligence on the director’s experience and reputation in the industry is advisable given the sole control structure.
• Future Capital Requirements: Ascertain whether the company plans to raise additional capital or incur debt, which could impact solvency and liquidity.