BLUESIDE PROPERTIES LIMITED

Executive Summary

BLUESIDE PROPERTIES LIMITED presents a low-risk profile based on its positive and growing net asset position, sound liquidity, and regulatory compliance. However, its micro-entity status and limited scale warrant further examination of operational performance and governance to ensure sustainable business viability. No immediate solvency or liquidity concerns are evident from the available data.

BLUESIDE PROPERTIES LIMITED - Analysis Report

Company Number: 13019022

Analysis Date: 2025-07-29 19:24 UTC

1. Risk Rating: LOW
   The company demonstrates a solid net asset position with consistent growth year-on-year. Current assets comfortably exceed current liabilities, indicating good short-term liquidity. There are no overdue filings or indications of regulatory non-compliance.

2. Key Concerns:

• Limited financial scale: As a micro-entity with minimal fixed assets and modest current assets, the company’s financial base is small, potentially limiting its capacity to absorb shocks.
• Concentrated director control: Both directors appear to be property consultants at the same address, which may suggest limited management breadth and potential governance risks.
• Lack of audit and detailed financial disclosures: While micro-entity exemptions apply, the absence of audit limits visibility into financial robustness and risks.

3. Positive Indicators:

• Positive working capital position, with net current assets increasing from £8,051 in 2020 to £23,668 in 2024.
• Consistent growth in net assets and shareholders' funds from £7,298 in 2020 to £24,459 in 2024.
• Up-to-date statutory filings with no overdue accounts or confirmation statements, indicating compliance with Companies House requirements.
• Stable employee base (2 employees), consistent with micro-entity status and manageable operational scale.

4. Due Diligence Notes:

• Review the detailed nature of current assets to confirm liquidity quality (e.g., cash versus receivables).
• Investigate the revenue streams and profitability metrics not disclosed here to assess operational sustainability beyond balance sheet strength.
• Confirm the absence of contingent liabilities or off-balance sheet obligations that might affect solvency.
• Assess director experience and governance practices to mitigate concentration risk.
• Understand the business model and market conditions for the SIC codes related to property letting, buying/selling, and building development to evaluate external risks.