BRENDON STREET LIMITED

Executive Summary

Brendon Street Limited exhibits a stable financial position with positive net assets and no regulatory filing issues, supporting a low risk rating. The company’s liquidity is dependent on receivables, warranting further review of debtor quality and cash flow. Overall, the business appears operationally sound with concentrated ownership and straightforward governance.

BRENDON STREET LIMITED - Analysis Report

Company Number: 12578808

Analysis Date: 2025-07-20 13:32 UTC

1. Risk Rating: LOW
   The company shows solid net current assets and net assets with no overdue filings and stable shareholder funds. The financial statements indicate consistent working capital and no signs of distress.

2. Key Concerns:

• Reliance on Debtors: Current assets are almost entirely composed of debtors (£355k), which may indicate dependence on receivables rather than cash or liquid assets.
• Limited Equity Capital: Share capital is minimal (£100), potentially limiting financial flexibility.
• Single Director & Shareholder Control: Control is concentrated with one individual and a holding company, which may pose governance risks if not transparently managed.

3. Positive Indicators:

• Positive Net Current Assets: Healthy net current assets (~£316k) show the company can cover short-term liabilities comfortably.
• Timely Compliance: No overdue accounts or confirmation statements, indicating good regulatory compliance.
• Stable Financial Position: Net assets and shareholders’ funds have remained stable year-on-year, signaling operational stability.

4. Due Diligence Notes:

• Investigate the nature and collectability of debtors to confirm liquidity and cash flow reliability.
• Review any intercompany transactions with the parent (Jason Patrick Holdings Limited) for related party risk or financing arrangements.
• Confirm the business model and revenue streams since turnover figures and profit & loss details are not provided in the accounts.