Company Number: 13644802

Analysis Date: 2025-07-29 15:41 UTC

1. Risk Rating: LOW
   CAGE TRANS LTD demonstrates a stable financial position for a micro-entity, with positive net assets increasing from £2,447 in 2023 to £3,055 in 2024. The company is current on all filings and not in liquidation or administration, indicating minimal immediate solvency or regulatory risks.

2. Key Concerns:

• Limited scale of operations: The company is categorized as micro, with only one employee and minimal fixed and current assets, which may constrain growth and operational resilience.
• Low asset base: Fixed assets are minimal (£2,300), and current assets remain under £1,000, which could impact liquidity if unexpected expenses arise.
• Concentration of control: The sole director and 100% controlling shareholder is the same individual, which concentrates governance risk and may affect oversight.

3. Positive Indicators:

• Positive and improving net current assets (£755 in 2024 vs. £147 in 2023) and net assets indicate the company has sufficient short-term liquidity to meet current liabilities.
• No overdue filings or compliance issues are noted, reflecting good governance and regulatory compliance.
• The business has maintained a consistent presence since incorporation in 2021, with no indications of insolvency or distress.

4. Due Diligence Notes:

• Investigate the nature and sustainability of revenue streams given the small asset base and employee count, especially in the unlicensed carrier and transport support activities sector.
• Review detailed cash flow statements and receivables to confirm liquidity beyond the balance sheet snapshot.
• Assess the impact of director concentration on decision-making and risk management, including any succession plans or additional oversight mechanisms.