Company Number: 13195021

Analysis Date: 2025-07-20 12:03 UTC

1. Risk Rating: LOW
   Cleavey Glass Limited presents a low risk profile based on the most recent financial data and company information. The company is solvent with positive net assets and net current assets, has no overdue filings, and shows signs of operational growth.

2. Key Concerns:

• Declining Fixed Assets: Fixed assets decreased from £29,882 in 2023 to £17,617 in 2024, which might indicate asset disposals or underinvestment in long-term resources.
• Concentration of Control: The sole director and 75-100% shareholder is Mr Terry McCleave, which concentrates decision-making and control in one individual, potentially increasing governance risks.
• Limited Financial Disclosure: As a micro-entity, the company’s financial statements are unaudited and prepared under simplified reporting standards, limiting transparency into detailed financial performance and risks.

3. Positive Indicators:

• Strong Liquidity Position: Net current assets have increased to £65,270 in 2024 from £56,914 the previous year, indicating adequate short-term liquidity to cover current liabilities.
• Growing Net Assets and Shareholders’ Funds: Net assets increased from £67,243 in 2023 to £75,854 in 2024, reflecting retained earnings or capital contributions, enhancing financial stability.
• Compliance and Timeliness: All statutory filings including accounts and confirmation statements are up to date with no overdue notices, suggesting good regulatory compliance and governance discipline.
• Operational Growth: Employee count increased from 2 in 2023 to 5 in 2024, indicating business expansion or scaling efforts.

4. Due Diligence Notes:

• Investigate the reason for the significant reduction in fixed assets during the latest financial year to assess impact on operational capacity.
• Review detailed cash flow statements and profit and loss accounts (if available) to evaluate operational profitability and cash generation beyond balance sheet snapshots.
• Clarify the company’s customer base, contracts, and market position in the "Other retail sale not in stores" sector to assess business sustainability and revenue stability.
• Confirm whether any related party transactions exist given the concentrated ownership and directorship.
• Consider reviewing the director’s background and any risks associated with single-person control, including succession planning.