Company Number: 13119203

Analysis Date: 2025-07-20 13:58 UTC

1. Risk Rating: LOW
   Bright Surgery Ltd demonstrates strong financial fundamentals for a micro-entity, with consistent positive net assets and healthy working capital. There are no overdue filings or indications of regulatory non-compliance. The company is active and not in liquidation or administration, further supporting a low risk rating.

2. Key Concerns:

• Declining Fixed Assets: Fixed assets have decreased from £153,528 in 2021 to £73,231 in 2024, which may indicate asset disposals or impairments needing further review.
• Modest Share Capital: Share capital is only £2.00, typical for micro companies but worth noting for potential capital structure considerations.
• Limited Financial Disclosure: As a micro-entity, the company files abbreviated accounts without profit and loss details, limiting insight into profitability and cash flow trends.

3. Positive Indicators:

• Strong Net Current Assets: Net current assets remain robust at £105,444 as of March 2024, indicating good short-term liquidity to meet obligations.
• Consistent Shareholders’ Funds: Equity is stable around £178,675, signaling retained earnings or contributions supporting solvency.
• Timely Filings and Compliance: All accounts and confirmation statements are up to date, reflecting good governance and compliance practices.
• Growing Workforce: Increase in employees from 2 to 4 suggests operational growth and potential business expansion.

4. Due Diligence Notes:

• Profitability and Cash Flow: Obtain detailed profit and loss accounts and cash flow statements to assess operational performance and sustainability beyond balance sheet strength.
• Asset Composition and Changes: Investigate reasons for fixed asset reductions—whether disposals, depreciation, or impairments—and impact on operations.
• Director Backgrounds and PSCs: While no disqualifications are evident, confirm directors’ reputations and track record given their significant control stakes.
• Contractual and Liability Details: Review any off-balance sheet liabilities or contingent risks not visible in abbreviated accounts.
• Business Model and Market Position: Understand revenue sources, client concentration, and competitive position in the specialist medical practice sector.