Company Number: 13679226

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

1. Risk Rating: LOW
   The company exhibits a positive net asset position with a modest but increasing equity base. There are no overdue filings or indications of financial distress. The micro-entity scale and small employee base suggest limited operational complexity and risk.

2. Key Concerns:

• Director Resignation: One of the two original directors and a significant control party resigned in mid-2023, potentially impacting governance or control dynamics.
• Declining Current Assets: Current assets decreased significantly from £14,752 in 2022 to £7,593 in 2023, which may warrant monitoring to ensure liquidity is maintained.
• Limited Financial Detail: The micro-entity status means minimal disclosure, limiting the depth of financial and operational insight.

3. Positive Indicators:

• Positive Net Current Assets: £7,113 as of 31 October 2023, indicating the company can meet short-term liabilities.
• No Overdue Filings: Both accounts and confirmation statements are filed on time, indicating compliance and proper governance.
• Stable Employee Base: Consistent average headcount of two employees suggests operational stability for current scale.
• Increasing Shareholders’ Funds: Growth from £5,620 to £7,113 over the last year indicates retained earnings or capital injection.

4. Due Diligence Notes:

• Investigate the circumstances and implications of the director’s resignation and its effect on control and decision-making.
• Review cash flow statements, if available, to assess liquidity trends beyond balance sheet snapshots.
• Confirm absence of contingent liabilities or off-balance sheet obligations given limited disclosure typical of micro-entities.
• Verify customer concentration and contract stability given the niche waste management industry and small operational scale.