Company Number: 13919428

Analysis Date: 2025-07-29 12:09 UTC

1. Risk Rating: LOW

Justification: Closeheath Limited is a micro-entity with modest financial figures but shows strong net current assets and positive net assets as of the latest accounts. The company is active, compliant with filing deadlines, and has a single director with full control, indicating clear governance. There are no indications of insolvency or liquidity stress.

2. Key Concerns:

• Limited financial history and scale: Being incorporated in 2022 with micro-entity accounts and only one employee limits visibility into operational scale and sustainability.
• Concentration of control: The sole director and 100% shareholder structure may pose governance risks if not mitigated.
• Low fixed assets and minimal operational disclosures: The balance sheet shows negligible fixed assets and limited business description, making it difficult to assess operational stability fully.

3. Positive Indicators:

• Strong liquidity position: Current assets of £177,602 against current liabilities of £1,915 provide a comfortable liquidity buffer.
• Compliance: Accounts and confirmation statement are filed on time with no overdue filings.
• Positive net assets and shareholder funds: Net assets of £176,037 indicate a solvent financial position.
• Clear ownership and control: The sole director also holds full share ownership and voting rights, simplifying decision-making.

4. Due Diligence Notes:

• Review business model and revenue streams to understand operational sustainability, given the minimal fixed assets and limited disclosures.
• Verify the nature and source of current assets to ensure they are liquid and not receivables or other less liquid items.
• Investigate any related party transactions given the single director/shareholder structure.
• Confirm no hidden liabilities or contingencies are unreported.
• Monitor future filings to assess growth trajectory and any emerging financial risks.