BRISTOL DRIVEWAYS LIMITED

Executive Summary

Bristol Driveways Limited appears financially solvent with positive net assets and current liabilities well covered by current assets as of its first full financial year. The company’s compliance with statutory filings and clear governance under a single director and shareholder are positive, though the limited operational history and scale warrant cautious monitoring. Further due diligence should focus on recent financial performance and operational sustainability to confirm ongoing liquidity and risk profile.

BRISTOL DRIVEWAYS LIMITED - Analysis Report

Company Number: 13680744

Analysis Date: 2025-07-29 18:03 UTC

1. Risk Rating: LOW to MEDIUM
   Bristol Driveways Limited shows a modest but positive net asset position with net current assets of £4,327 and net assets of £5,053 as of 31 October 2022. The company is active, complies with filing deadlines, and has a single director who is also the majority shareholder. However, limited financial history and small scale of operations introduce some caution.

2. Key Concerns:

• Limited Financial Scale and History: The company was incorporated in late 2021 and only has one year of financial data, limiting trend analysis and assessment of sustained operational performance.
• Modest Working Capital: While net current assets are positive, the absolute cash and debtor balances are small (£5,724 and £882 respectively), which may constrain liquidity if unexpected expenses arise.
• Concentration of Control and Management: The sole director owns 75-100% of shares and controls voting rights, creating potential governance and succession risks that investors should consider.

3. Positive Indicators:

• Compliance and Filing: All statutory filings, including accounts and confirmation statements, are up to date with no overdue filings or penalties.
• Positive Net Assets and Working Capital: The company maintains positive net assets and net current assets, indicating solvency and ability to meet short-term obligations as of last accounts.
• Clear Accounting Policies and Oversight: Financial statements prepared under FRS 102 small company regime by a professional accountant, with clear accounting policies and notes, suggesting reasonable financial transparency.

4. Due Diligence Notes:

• Verify updated financial performance for the period post-October 2022 to assess current liquidity and profitability trends.
• Review cash flow statements or management accounts if available to evaluate operational cash generation and working capital management.
• Assess any related party transactions further as a minor loan from key management was outstanding at year-end.
• Consider potential risks related to director concentration and absence of other key management personnel.
• Investigate customer concentration, contract pipeline, and competitive positioning within the "specialised construction activities" sector (SIC 43999).