Company Number: NI675736

Analysis Date: 2025-07-29 20:22 UTC

1. Risk Rating: LOW to MEDIUM
   BUDLITE SECURITY & FACILITY MANAGEMENT LTD demonstrates improving financial health over recent years with positive net assets and working capital. Its micro-entity filing status and compliance with filing deadlines reduce regulatory risk. However, some caution is warranted due to relatively small scale, modest capital base, and reliance on short-term assets to meet liabilities.

2. Key Concerns:

• Modest Share Capital: Share capital is only £90, indicating limited equity buffer and potential vulnerability to financial shocks.
• Current Liabilities Size: Current liabilities remain substantial relative to current assets, although net current assets have improved to £18,455 in 2024 from negative in 2021. This signals ongoing liquidity management risks.
• Limited Financial History and Scale: Incorporated in 2021 and categorized as a micro-entity, the company’s short operating history and small size limit visibility into operational sustainability and business resilience.

3. Positive Indicators:

• Improving Net Assets and Working Capital: Net assets grew from negative in 2021 to £24,758 in 2024, and net current assets improved substantially, indicating strengthening solvency and liquidity.
• Timely Filing Compliance: No overdue filings for accounts or confirmation statements suggest sound governance and regulatory compliance.
• Stable Workforce: Consistent employee count (average 4) reflects operational stability.
• Active Online Presence: A functioning website with contact information denotes business transparency and customer accessibility.

4. Due Diligence Notes:

• Review recent profit and loss figures to assess profitability trends not visible in current data.
• Examine cash flow statements or bank statements to confirm liquidity beyond balance sheet snapshots.
• Investigate the nature and terms of the £11,000 long-term creditors to evaluate financial obligations and refinancing risks.
• Consider director background checks, including any past conduct issues, despite no immediate red flags here.
• Understand client base and contract stability given the company’s young age and sector (private security).