Company Number: 12956424

Analysis Date: 2025-07-20 18:16 UTC

1. Risk Rating: LOW
   The company exhibits a strong net asset position, positive working capital, and timely statutory filings. There are no signs of insolvency or regulatory non-compliance visible from the data provided.

2. Key Concerns:

• Concentration of Control: One individual (Mr. Algirdas Bucas) controls 75-100% of shares and voting rights, which may raise governance and minority shareholder risk considerations.
• Limited Cash Reserves: Although current assets are strong, cash increased substantially from prior years but still represents a modest proportion of current assets, reliant on debtors collection.
• Lack of Audited Accounts: The company is exempt from audit and files unaudited accounts, which limits external assurance on financial data integrity.

3. Positive Indicators:

• Strong Liquidity and Solvency: Net current assets increased to £262,636 and net assets to £298,337 as of 31 March 2025, reflecting financial health.
• Consistent Growth: Shareholders’ funds have steadily grown year on year from £26,758 in 2020 to nearly £300k in 2025.
• Timely Compliance: No overdue filings for accounts or confirmation statements, indicating good governance compliance.
• Stable Workforce: The company maintains a small, stable employee count (3 average employees), appropriate for its size.

4. Due Diligence Notes:

• Investigate the quality and collectability of trade debtors (£226,252) due within one year, given their large proportion of current assets.
• Review operational cash flow statements if available to confirm cash generation and working capital management.
• Assess the impact of the director resignation in May 2024 on company operations and governance.
• Verify absence of any contingent liabilities or off-balance-sheet exposures not disclosed in the filings.
• Consider governance safeguards given the significant control by a single PSC.