Company Number: 14144879

Analysis Date: 2025-07-19 11:52 UTC

1. Risk Rating: LOW-MEDIUM
   Bluestone GTR Ltd is a recently incorporated micro-entity with positive net current assets and no overdue filings, indicating basic financial stability. However, limited financial history and modest asset base warrant cautious monitoring.

2. Key Concerns:

• Limited Financial History: Only two years of financial data with very small asset base and minimal cash holdings, making trend analysis and risk assessment difficult.
• Small Scale Operations: With just 2 employees and micro-entity classification, the company may have limited operational resilience and scale to absorb shocks.
• Concentrated Control: Two individuals each holding 25-50% shares and voting rights may raise governance concerns if disputes arise, impacting decision-making.

3. Positive Indicators:

• Filing Compliance: All accounts and confirmation statements are filed on time, reflecting good regulatory compliance.
• Positive Net Assets: Net assets increased from £2 to £4,748 in one year, showing some growth and positive equity.
• No Indications of Insolvency: Current assets exceed current liabilities, providing sufficient working capital at the reporting date.

4. Due Diligence Notes:

• Review detailed Profit & Loss data and cash flow statements if available to assess operational profitability and liquidity trends.
• Investigate the business model and contracts in the private security sector to evaluate revenue stability and client diversification.
• Confirm no undisclosed contingent liabilities or related party transactions affecting financial position.
• Assess director and PSC backgrounds for any regulatory or compliance issues beyond initial data.
• Monitor future filings for growth trajectory and maintenance of positive working capital.