Company Number: 13041469

Analysis Date: 2025-07-20 13:42 UTC

1. Risk Rating: LOW
   The company demonstrates strong net asset growth, positive working capital, no overdue filings, and no indication of operational distress, supporting a low risk profile at this stage.

2. Key Concerns:

• No Reported Employees: The accounts show zero employees, which may indicate reliance on subcontractors or directors only, raising questions about operational scale and sustainability.
• Limited Financial Disclosure: As a micro-entity filing under FRS 105, the company provides minimal financial detail; absence of profit and loss data restricts full assessment of profitability and cash flow dynamics.
• Director Concentration: Significant control and voting rights are held by a single individual (Mr. Andrew John Clee), which could pose governance risk if not balanced by robust internal controls.

3. Positive Indicators:

• Strong Liquidity Position: Net current assets increased substantially from £78k to £146k, indicating good short-term liquidity and ability to meet current obligations.
• Growing Equity Base: Shareholders’ funds rose from approximately £98k to £166k year-on-year, reflecting retained earnings or capital injections supporting solvency.
• No Filing or Compliance Issues: All statutory accounts and confirmation statements are filed on time with no overdue filings or penalties noted.
• No Indications of Insolvency: No overdue liabilities or creditors in significant amounts; company remains solvent with net assets well above liabilities.

4. Due Diligence Notes:

• Request management accounts or profit and loss statements to evaluate operational profitability and cash flow trends, given the micro-entity exemption limits disclosure.
• Clarify the operational model given zero reported employees—understand subcontractor usage and reliance on directors for execution.
• Review governance arrangements given director and PSC concentration, including whether any minority shareholders exist and how decisions are made.
• Verify the nature of any long-term creditors (£2.6k in 2023) and accruals, ensuring no hidden contingencies or off-balance sheet liabilities.
• Assess the company's client and contract base to confirm revenue stability in electrical installation services.