Company Number: 13229756

Analysis Date: 2025-07-29 12:17 UTC

1. Risk Rating: LOW
   Clearvac Offshore Limited demonstrates a solid net asset position with positive working capital and no overdue statutory filings. The company is small, with stable director appointments and no signs of financial distress or regulatory non-compliance.

2. Key Concerns:

• Reliance on group undertakings: Significant creditor balance (£53k) owed to group entities suggests inter-company dependency which may affect liquidity if intra-group support changes.
• Guarantee exposure: The company has provided an unlimited guarantee on the parent company’s borrowings (£175k), representing contingent risk that could crystallize if the parent fails to repay.
• Limited tangible assets and modest share capital (£200) indicate a relatively asset-light business, potentially increasing vulnerability to operational disruptions or unexpected liabilities.

3. Positive Indicators:

• Strong working capital position: Current assets (£408k) exceed current liabilities (£244k) by a comfortable margin, supporting short-term liquidity.
• Increasing net asset value: Shareholders’ funds rose from £104k in 2023 to £165k in 2024, reflecting retained earnings growth and financial stability.
• Timely compliance: No overdue accounts or confirmation statements, indicating good governance and regulatory compliance.
• Consistent staffing: Stable employee count (4) suggests operational continuity without significant headcount volatility.

4. Due Diligence Notes:

• Review the nature and terms of inter-company balances to understand liquidity and credit risk exposure within the group.
• Assess the parent company’s financial health and likelihood of honoring guaranteed borrowings to quantify contingent liability risk.
• Examine revenue trends and profitability (not disclosed here) to evaluate operational sustainability, especially as profit and loss details were not filed publicly.
• Confirm the absence of director disqualifications or adverse conduct records beyond the data provided.