CONTRACT RITE LIMITED

Executive Summary

Contract Rite Limited is a small but financially stable private company with adequate liquidity and no overdue filings. While net assets have slightly decreased, the company maintains a positive working capital position and clear ownership structure. Further analysis of profitability and cash flow detail is recommended to confirm ongoing operational viability.

CONTRACT RITE LIMITED - Analysis Report

Company Number: 12579052

Analysis Date: 2025-07-19 12:26 UTC

1. Risk Rating: LOW
   Contract Rite Limited presents a low risk profile based on the available data. The company is active, compliant with filing deadlines, and demonstrates positive net assets and working capital. There is no indication of financial distress or regulatory non-compliance.

2. Key Concerns:

• Declining Net Assets: Net assets decreased from £82,658 in 2023 to £73,080 in 2024, which may indicate a modest erosion of equity.
• Increasing Accruals and Deferred Income: Accruals and deferred income rose from £53,157 to £65,295, which could affect short-term cash flows if not managed prudently.
• Limited Scale and Scope: As a micro-entity with only four employees and modest fixed assets, the company may face operational and market concentration risks.

3. Positive Indicators:

• Strong Liquidity Position: Net current assets increased from £60,069 to £75,369, indicating improved short-term liquidity.
• Compliance and Governance: The company is up to date with accounts and confirmation statement filings, showing good regulatory compliance.
• Ownership and Control: Single individual control by Mr. Andrew Peter Duffin provides clear decision-making authority and stability.

4. Due Diligence Notes:

• Investigate reasons for the decrease in net assets and assess profit and loss trends, which are not publicly filed due to micro-entity exemptions.
• Review the nature and timing of accruals and deferred income to understand cash flow implications.
• Confirm operational sustainability given the company’s size, industry positioning, and client base, particularly given its dual activities in quantity surveying and management consultancy.
• Verify director background beyond Companies House data for any undisclosed risks.