Company Number: SO307650

Analysis Date: 2025-07-07 23:14 UTC

1. Risk Rating: LOW
   Based on the limited but clear data available, Carrick Farm (Eday) LLP shows a solid financial position typical for a recently incorporated micro-entity. The LLP demonstrates positive net current assets and no overdue filings, indicating good compliance and initial financial stability.

2. Key Concerns:

• Lack of Profit and Loss Information: The absence of reported profits or losses (no P&L detail) limits insight into operational performance and sustainability.
• No Employees Reported: The LLP has no employees, which may imply reliance on members or contractors; this could affect operational scalability or continuity.
• Limited Financial History: Incorporated in late 2022, only one year of financial data is available, restricting trend analysis and risk forecasting.

3. Positive Indicators:

• Strong Net Current Assets Position: £106,139 net current assets relative to £45,409 current liabilities suggests good short-term liquidity.
• Substantial Fixed Assets: Fixed assets valued at £241,457 indicate investment in long-term resources, potentially supporting ongoing operations.
• Good Regulatory Compliance: All accounts and confirmation statements are filed on time with no overdue issues, reflecting sound governance.
• Clear and Stable Management: Three members with significant control, all British nationals residing locally, with no adverse conduct records visible, supporting stable governance.

4. Due Diligence Notes:

• Verify the nature of fixed assets and whether they are fully owned or encumbered to understand asset quality and liquidity.
• Investigate the LLP’s business model and revenue streams to assess operational sustainability given no employees and absence of P&L data.
• Review any off-balance sheet liabilities or contingent risks not disclosed in the micro-entity accounts.
• Confirm the terms and amounts of loans and debts due to members (£14,844) to understand financial obligations and related party transactions.
• Consider requesting management accounts or cash flow statements for more granular insight into liquidity and operational cash flows.