Company Number: 13153071

Analysis Date: 2025-07-20 18:44 UTC

1. Risk Rating: LOW
   The company demonstrates strong net current assets relative to current liabilities, positive net assets exceeding £900k, and timely filing of accounts and confirmation statements. No overdue filings or liquidation status are evident, indicating sound solvency and compliance.

2. Key Concerns:

• Director Turnover: Multiple director resignations in late 2024 may suggest internal management changes or instability that warrant further inquiry.
• Provisions for Liabilities: The presence of £25,760 in provisions without detail raises a question about contingent liabilities or potential upcoming expenses.
• Control Concentration: The majority ownership and control by a single individual and an investment entity in the British Virgin Islands could pose governance or transparency concerns for some investors.

3. Positive Indicators:

• Strong Liquidity: Current assets substantially exceed current liabilities with net current assets over £865k, indicating good short-term liquidity.
• Solid Equity Position: Net assets and shareholder funds stand at approximately £928k, reflecting a healthy capital base for a micro-entity.
• Compliance: No overdue filings, accounts filed on time, and confirmation statements up to date demonstrate regulatory adherence.
• Established Operations: Average headcount of 9 employees suggests operational activity consistent with the wholesale trade classification.

4. Due Diligence Notes:

• Investigate the reasons behind the multiple director resignations during 2024 and the current management structure and stability.
• Clarify the nature and potential impact of the £25,760 provisions for liabilities disclosed in the accounts.
• Assess the influence and role of the British Virgin Islands investment entity to understand any risks related to control and governance.
• Review cash flow statements or additional financial data if available to confirm ongoing liquidity beyond balance sheet snapshots.
• Confirm the provisional nature of the accounts and whether any subsequent adjustments have been filed or are expected.