Company Number: 12555292

Analysis Date: 2025-07-20 11:16 UTC

1. Risk Rating: MEDIUM
   Justification: Bundled Enterprises Limited shows a positive net asset position and improved solvency in the latest financial year, with net assets increasing from £696 in 2023 to £3,825 in 2024. However, the company remains very small (micro-entity), with limited capital (£1 share capital), minimal fixed assets (£129), and relatively low absolute levels of current assets and liabilities. The presence of long-term creditors and fluctuations in net current assets warrant caution.

2. Key Concerns:

• Long-term Creditors: The company reports creditors due after more than one year (£154 in 2024, down from £5,680 in 2023), indicating some longer-term liabilities that may affect future cash flows.
• Small Scale and Limited Capital: With a minimal share capital of £1 and only one employee, the business size is very limited, which may affect operational resilience and scalability.
• Volatility in Net Current Assets: The net current assets decreased from £7,020 in 2023 to £4,700 in 2024, reflecting some deterioration in liquidity despite overall solvency improvement.

3. Positive Indicators:

• Improved Net Assets: The company’s net assets increased significantly in 2024, suggesting better financial health and reduced accumulated losses compared to previous years.
• Compliance and Timely Filings: The company is up to date with its accounts and confirmation statement filings, showing regulatory compliance and good governance practices.
• Stable Leadership and Control: The sole director and shareholder is consistent since incorporation, which may imply stable management and clear decision-making.

4. Due Diligence Notes:

• Confirm the nature and terms of the long-term creditors reported, including repayment schedules and any associated covenants.
• Review detailed cash flow statements if available to assess liquidity trends beyond balance sheet snapshots.
• Investigate the business model sustainability given the micro-entity status and limited resources, including revenue streams and profitability (not disclosed in current data).
• Verify the background and track record of the director/shareholder to assess management experience and reputation.