Company Number: 14721618

Analysis Date: 2025-07-20 16:37 UTC

1. Risk Rating: LOW
   BACAL UNITED LTD shows a stable financial position for a micro-entity at its early stage. Positive net current assets and shareholders’ funds slightly above £1,600 with no overdue filings suggest a low immediate risk of insolvency or regulatory non-compliance.

2. Key Concerns:

• Very limited financial scale and asset base, reflecting an early-stage or small operation which may limit operational resilience.
• Single director and controlling shareholder concentration could pose governance risks in terms of oversight and decision-making.
• Industry classification (specialised construction) may expose the company to sector-specific risks such as project delays or cash flow variability, though no direct evidence of these is available.

3. Positive Indicators:

• Consistent net current assets and net asset values over the two reported years, indicating stable working capital management.
• Up-to-date statutory accounts and confirmation statement filings, showing good regulatory compliance.
• No liabilities exceeding current assets, suggesting the company can meet short-term obligations.
• Sole director is also the sole significant controller, which simplifies accountability.

4. Due Diligence Notes:

• Verify the nature and sustainability of the company’s revenue streams given the small asset base and micro-entity status.
• Assess any external financing arrangements or contingent liabilities not reflected on the balance sheet.
• Review operational contracts or client concentration given the specialised construction SIC code to understand business stability.
• Confirm related party transactions or director loans, which may impact cash flows or solvency.
• Monitor for any changes in director or ownership structure that could affect governance.