Company Number: 12903650

Analysis Date: 2025-07-29 15:41 UTC

1. Risk Rating: MEDIUM
   The company shows a modest net asset base (£446) and small positive equity but has a current liabilities level slightly exceeding its current assets, resulting in negative net current assets (£-802) as at the latest reporting date. This exposes potential short-term liquidity challenges despite the company remaining active and compliant with filings.

2. Key Concerns:

• Liquidity Pressure: Current liabilities (£5,216) exceed cash and other current assets combined (£4,414), indicating potential cash flow stress to meet short-term obligations.
• Very Small Scale: The company operates with a single employee and very limited asset base, implying vulnerability to operational disruptions or loss of key personnel.
• Declining Net Assets: Net assets decreased from £483 to £446 year-on-year, suggesting marginal erosion of equity and potential profitability concerns over time.

3. Positive Indicators:

• Regular Compliance: Accounts and confirmation statements are filed on time with no overdue filings, indicating good regulatory compliance.
• No Audit Exceptions: The abridged accounts prepared under FRS 102 show no adverse notes or auditor qualifications, supporting reasonable governance and transparency.
• Stable Shareholders’ Equity: Despite a slight decline, shareholders’ funds remain positive and consistent, indicating retained earnings and shareholder support.

4. Due Diligence Notes:

• Investigate the composition and timing of current liabilities to assess imminence and any potential restructuring needs.
• Review detailed profit and loss data (not filed publicly) to understand revenue streams, profitability, and cash flow generation capacity.
• Confirm whether the single employee is the director and assess dependency risks on key personnel.
• Examine contracts or client relationships underpinning the SIC codes (quantity surveying and catering activities) to evaluate business diversification and sustainability.
• Verify any off-balance sheet liabilities or contingent risks not captured in the abridged accounts.