Company Number: SC660759

Analysis Date: 2025-07-20 15:00 UTC

1. Risk Rating: MEDIUM
   The company shows improving net asset growth but exhibits liquidity concerns due to a negative net current asset position in the latest year. The absence of overdue filings and continued operation since 2020 are positive but the significant increase in current liabilities, notably taxation and social security, warrants caution.

2. Key Concerns:

• Negative Net Current Assets (£-14,282) in 2024: Current liabilities have more than doubled compared to prior year, driven largely by taxation and social security liabilities (£55,556), which may indicate cash flow pressure.
• Low Cash Reserves (£5,572): Cash on hand has sharply declined from £16,873 in 2023, exacerbating short-term liquidity risk.
• Concentration of Control and Management: The sole significant controller and current director is Mr. Mark Veroo Singh, which could pose governance risk if not supplemented by adequate oversight.

3. Positive Indicators:

• Consistent Increase in Net Assets: Net assets have grown steadily from £55,551 in 2020 to £140,548 in 2024, suggesting underlying value creation.
• No Overdue Filings: Both accounts and confirmation statements are filed on time, indicating regulatory compliance and good administrative controls.
• Growth in Fixed Assets and Workforce: Tangible fixed assets have increased substantially (£91,467 to £154,830), and average employees rose from 8 to 14, signaling operational expansion.

4. Due Diligence Notes:

• Review detailed cash flow statements and payment terms to assess the nature and timing of current liabilities, especially tax and social security obligations.
• Investigate the causes behind the sharp increase in current liabilities and assess whether these represent sustainable obligations or potential red flags.
• Evaluate the management structure and any plans for governance diversification beyond the sole controlling director.
• Confirm turnover and profitability trends beyond the balance sheet figures, as turnover is not disclosed in the summary.