CARLISLE BRASS LIMITED

Risk Rating: LOW The company presents a low overall risk profile. This assessment is heavily influenced by its status as a subsidiary of major corporate entities (Assa Abloy Limited and Arran Isle Holdings Limited), which provides strong implicit financial backing and operational stability. Furthermore, the company demonstrates excellent regulatory compliance, with up-to-date filings and a mature governance structure, despite the absence of standalone financial figures in the provided data.

Key Concerns: * PSC Data Overlap/Ambiguity: The People with Significant Control (PSC) register lists both Assa Abloy Limited and Arran Isle Holdings Limited as holding more than 75% of shares and voting rights. While this may reflect a hierarchical group structure (e.g., one entity is the parent of the other), the overlapping 75%+ declarations create a technical ambiguity regarding the precise immediate parent and ultimate beneficial owner. * Lack of Standalone Financial Visibility: The provided data does not include specific financial metrics (current assets, liabilities, net assets). Consequently, an independent assessment of standalone solvency and liquidity is impossible without retrieving the full filed accounts. * Cyclical Market Exposure: Operating within non-specialised wholesale trade, specifically in residential and commercial door and window furniture, ties the company's operational stability to the cyclical UK construction and renovation markets, which are currently facing macroeconomic headwinds.

Positive Indicators: * Strong Corporate Parentage: Being under the controlling umbrella of Assa Abloy (a global leader in access solutions) and Arran Isle provides significant implicit financial support, supply chain resilience, and operational synergies that drastically reduce standalone insolvency risk. * Exemplary Compliance: The company files "Full" accounts rather than abbreviated or micro-accounts, suggesting it exceeds the small company thresholds and adheres to a higher standard of transparency. Both accounts and confirmation statements are current and not overdue. * Mature Governance Structure: The company maintains a robust board of 13 officers, including a designated Finance Director (Charlotte Crisp) and officers with accounting expertise (Rachel Helen Balbi). This level of oversight is typical of a well-run subsidiary of a large international group. * Longevity: Incorporated in 1986, the company has a nearly 40-year operating history, indicating proven adaptability and business sustainability.

Due Diligence Notes: * Obtain Full Accounts: Retrieve the latest "Full" accounts from Companies House to analyze standalone liquidity ratios, net assets, and profitability. Pay specific attention to inter-company balances and guarantees, which will clarify the financial dependency on the parent entities. * Clarify Ownership Structure: Investigate the relationship between Assa Abloy Limited and Arran Isle Holdings Limited to resolve the overlapping >75% PSC declarations. Determine the exact immediate parent to understand which group accounts consolidate this entity. * Assess Market Impact: Review the strategic report within the full accounts for director commentary on how UK construction market volatility and raw material costs are impacting margins, and what group-level support mechanisms are in place.