Company Number: 14346701

Analysis Date: 2025-07-29 15:50 UTC

1. Risk Rating: HIGH
   The company shows persistent negative net current assets over three years, indicating ongoing liquidity issues. Although total net assets increased slightly in the latest year, the working capital deficit remains significant, raising concerns about its ability to meet short-term obligations.

2. Key Concerns:

• Negative net current assets for all reported years (2022-2024) with current liabilities exceeding current assets by over £25,000, suggesting cash flow strain.
• Small scale of operations (micro entity with only 2 employees), implying limited operational capacity and potentially low revenue generation.
• Recent company name change in early 2024 may warrant review for any operational or strategic restructuring, which could indicate underlying business challenges.

3. Positive Indicators:

• The company has remained active and compliant with filing deadlines, including accounts and confirmation statements, with no overdue filings reported.
• Incremental improvement in fixed assets and total net assets from 2023 to 2024, indicating some asset accumulation or capital injection.
• No indication of insolvency proceedings or liquidation status, which suggests management is maintaining operational control.

4. Due Diligence Notes:

• Investigate the composition and aging of current liabilities to assess immediate repayment pressures.
• Review cash flow statements (if available) or bank statements to confirm liquidity beyond balance sheet figures.
• Clarify the reason and implications of the recent name change from "D & D 2 LTD" to "Bristol Clear Ltd" to understand any strategic or ownership shifts.
• Assess contract pipeline or revenue trends to evaluate sustainability of operations given the small employee base.
• Verify whether any director or key personnel have adverse conduct or disqualification records.