CHRUVAON LTD
Executive Summary
Chruvaon Ltd is a recently incorporated micro-entity exhibiting sound solvency with positive net current assets and no overdue regulatory filings. The company’s small scale and limited financial disclosures warrant further due diligence on ownership structure and operational sustainability. Overall, it presents a low immediate risk but requires additional insight for a comprehensive assessment.
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This analysis is opinion only and should not be interpreted as financial advice.
CHRUVAON LTD - Analysis Report
Risk Rating: LOW
Chruvaon Ltd presents a low risk profile based on the limited but positive financial indicators. The company is solvent with net current assets exceeding liabilities and no overdue filings. The micro-entity status and recent incorporation suggest a small-scale operation with manageable obligations.Key Concerns:
- Limited Financial Scale: As a micro-entity with minimal assets (£5,638 net assets as of 2024), the company’s financial capacity is limited, which may constrain operational scalability or resilience to shocks.
- Single Employee and Director Dependence: The company reports only one employee (likely the director), indicating potential operational risk if key personnel are unavailable or leave.
- Shareholder Control Clarity: The PSC register shows two individuals each claiming 75-100% share ownership and voting rights, which appears inconsistent and warrants clarification to confirm proper governance and control structure.
- Positive Indicators:
- Solvency and Liquidity: Current assets exceed current liabilities with no short-term debts reported, indicating the company can meet its immediate obligations.
- Timely Compliance: All statutory filings including accounts and confirmation statements are up to date, reducing regulatory and reputational risks.
- No Auditor Requirement: The company qualifies for audit exemption under small company provisions, reducing administrative overhead and costs.
- Due Diligence Notes:
- Confirm PSC Ownership Details: Investigate the discrepancy in the significant control register to understand actual ownership and voting rights.
- Review Business Model and Revenue Streams: Limited financial data and micro classification provide little insight into operational sustainability; further information on contracts, clients, and revenues is recommended.
- Assess Director Capacity and Succession: Given the single employee/director status, evaluate the continuity plans and operational dependencies on key individuals.
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