BAKER HYDROGRAPHIC SERVICES LIMITED
Executive Summary
Baker Hydrographic Services Limited is a newly formed micro-entity with a solvent balance sheet and no overdue filings, indicating low immediate risk. However, its limited operating history and single-person control warrant close monitoring of operational performance and governance. The company’s compliance and financial position are positive foundations for cautious investor consideration.
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This analysis is opinion only and should not be interpreted as financial advice.
BAKER HYDROGRAPHIC SERVICES LIMITED - Analysis Report
Risk Rating: LOW
The company is newly incorporated (October 2023) and has filed up-to-date accounts and confirmation statements without delay. The financials show positive net current assets and net assets, indicating initial financial stability. There are no indications of insolvency or regulatory non-compliance in the data provided.Key Concerns:
- Limited operating history: Being less than one year old, the company’s business model and revenue generation are unproven, increasing operational risk.
- Small scale: As a micro-entity with only one employee (the director), the company may have limited resources and capacity to absorb shocks or scale operations.
- Concentration of control: One individual holds 75-100% ownership and voting rights, which may pose governance risks if not balanced by external oversight.
- Positive Indicators:
- Solvent position: Net current assets of £4,427 and net assets of £24,595 suggest the company currently meets its short-term liabilities.
- Compliance: All statutory filings (accounts, confirmation statement) are current and timely, showing good regulatory compliance.
- Clear ownership and management: The director and PSC are disclosed and aligned, facilitating decision-making and accountability.
- Due Diligence Notes:
- Review business plan and cash flow forecasts to assess sustainability beyond initial capitalization.
- Investigate source and nature of fixed and current assets to ensure they are liquid and accurately valued.
- Monitor future filings for revenue growth, profitability, and working capital trends as the company matures.
- Confirm absence of related party transactions or contingent liabilities not disclosed in micro-entity accounts.
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