Company Number: 14449624

Analysis Date: 2025-07-29 14:46 UTC

1. Risk Rating: LOW
   The company is newly incorporated (October 2022) and classified as a micro-entity with modest financials. The latest accounts show positive net current assets and no overdue filings, indicating initial financial stability and compliance.

2. Key Concerns:

• Limited Financial Scale: With net assets of only £349 and current assets of £1,673, the company operates on a very small scale, which may limit its ability to absorb shocks or scale operations.
• Accruals and Deferred Income: The accounts show accruals and deferred income of £775, a significant portion relative to net assets, which could impact near-term cash flows if not managed carefully.
• Single Employee and Concentrated Control: The company has only one employee and two directors/shareholders, both with substantial control (25-50%), creating operational and governance concentration risk.

3. Positive Indicators:

• Compliance and Filing: No overdue accounts or confirmation statements; recent appointment of a corporate secretary suggests attention to governance and compliance.
• Positive Working Capital: Net current assets are positive at £1,123, implying the company can meet short-term obligations as of the last reporting date.
• Active Website and Market Presence: The active website and clear business focus on retail sales via mail order/internet indicate an operational business model in a niche collectible coins market.

4. Due Diligence Notes:

• Verify the nature and timing of accruals/deferred income to assess any liquidity constraints or revenue recognition issues.
• Review cash flow statements (if available) or bank statements to confirm ongoing liquidity beyond balance sheet snapshots.
• Assess the business model’s scalability and customer base given the micro entity size and limited employee count.
• Confirm no historic director or shareholder disqualifications or adverse legal actions.
• Investigate the reasons behind the two company name changes within a short period to understand any strategic or reputational implications.