Company Number: 15103510

Analysis Date: 2025-07-29 20:23 UTC

1. Risk Rating: HIGH

The company’s financial position, as reflected in the latest micro-entity accounts, indicates significant solvency and liquidity risks. Net current liabilities exceed current assets by £8,981, and net assets stand at a nominal £19, suggesting minimal equity buffer. Given the company was incorporated recently (August 2023) and reports limited operations (one employee), financial sustainability is uncertain.

2. Key Concerns:

• Negative net current assets: Current liabilities of £22,905 outweigh current assets plus prepayments, indicating potential cash flow difficulties to meet short-term obligations.
• Minimal net assets and shareholder funds (£19): Reflects almost no equity capital, increasing risk of insolvency if operating losses occur.
• Limited operating history and scale: Incorporated less than a year ago with one employee and micro-entity reporting, limiting the robustness of financial data and operational track record.

3. Positive Indicators:

• No overdue filings: Accounts and confirmation statements are up to date, evidencing regulatory compliance and good governance in statutory reporting.
• Sole director and controlling shareholder is identified and consistent: Mr. Christopher Paul Key controls 75-100% shares and voting rights, simplifying governance and decision-making.
• Industry classification in construction of domestic buildings: A defined niche sector which, if managed well, can provide stable revenue streams.

4. Due Diligence Notes:

• Investigate the nature and timing of current liabilities (£22,905) to assess payment obligations and creditor risk.
• Review cash flow projections and business plan for sustainability beyond the initial start-up phase.
• Assess contracts or revenue pipeline to determine future income certainty.
• Confirm any contingent liabilities or guarantees not disclosed in the micro-entity accounts.
• Evaluate director’s experience and track record in construction to gauge operational capability.