Company Number: 13551154

Analysis Date: 2025-07-20 14:00 UTC

1. Risk Rating: LOW
   The company shows a positive net asset position, no current liabilities, and timely filings, indicating low immediate financial risk.

2. Key Concerns:

• Very limited financial scale with micro-entity status and minimal assets (£3,700 net assets in 2023).
• Frequent changes in directors and PSCs within a short period (three directors appointed/resigned since 2021), which could reflect instability in management.
• Lack of detailed financial information on revenues, profit/loss, cash flows, or future prospects due to micro-entity filing exemptions, restricting comprehensive assessment.

3. Positive Indicators:

• No current liabilities reported and positive net current assets (£2,700), indicating ability to meet short-term obligations.
• Up to date with statutory filings (accounts and confirmation statement not overdue).
• Shareholder funds increased significantly from £31 in 2021 to £3,700 in 2023, showing some growth in equity base.
• Operates in retail/wholesale sectors (SIC 47910, 46760), which are established and potentially scalable activities.

4. Due Diligence Notes:

• Obtain management accounts or financial statements with profit and loss data to evaluate operational performance and cash flow.
• Investigate reasons behind frequent director turnover and changes in Persons with Significant Control to assess governance stability.
• Review contracts, customer base, and business model viability given the small scale and recent incorporation (2021).
• Confirm the nature of fixed assets and current assets (e.g., cash versus receivables or inventory) for liquidity analysis.