Company Number: 12908042

Analysis Date: 2025-07-29 18:26 UTC

1. Risk Rating: LOW
   Cas Hire Ltd demonstrates a solid net asset position with positive working capital and no overdue filings, indicating a stable financial status for a micro-entity. The company’s net assets have grown consistently over recent years, and there is no indication of insolvency or liquidity distress.

2. Key Concerns:

• Limited Scale and Financial Detail: As a micro-entity, the financial disclosures are minimal, restricting deeper analysis of profitability, cash flows, and operational risks.
• Concentration of Control: The two current directors also manage secretarial duties, and there is no PSC information disclosed, which might suggest limited ownership transparency.
• Fixed Asset Growth: Significant increase in fixed assets from 2021 to 2024 (from £78k to £348k) could indicate capital expenditure requiring monitoring for asset utilization and financing impact.

3. Positive Indicators:

• Strong Net Asset Growth: Shareholders’ funds have increased steadily from £47,750 in 2020 to nearly £390,000 in 2024, reflecting retained earnings or capital injections.
• Positive Working Capital: Net current assets were £43,428 in 2024, improving liquidity position compared to previous years.
• Compliance: No overdue accounts or confirmation statements; filings are up to date, suggesting good regulatory compliance.

4. Due Diligence Notes:

• Review detailed cash flow statements and profit & loss information to assess operational profitability and cash generation.
• Confirm sources of funding behind the significant growth in fixed assets—whether through debt, equity, or leasing arrangements.
• Investigate ownership structure and PSCs for transparency regarding control and potential risks related to governance.