Company Number: 15086722

Analysis Date: 2025-07-29 17:23 UTC

1. Risk Rating: LOW
   The company demonstrates a solid net asset position and positive working capital with no overdue filings, indicating a low immediate risk of insolvency or liquidity issues.

2. Key Concerns:

• Limited Financial History: Incorporated recently in August 2023, only one year of financial data is available, limiting trend analysis and long-term viability assessment.
• Long-Term Creditors: Presence of £27,133 creditors due after one year may represent some financial obligations that require monitoring.
• Small Scale Operations: With only 2 employees and micro-entity status, the business may face challenges scaling or absorbing market shocks.

3. Positive Indicators:

• Strong Net Current Assets: The company holds £90,382 in net current assets, indicating sufficient short-term liquidity to meet current liabilities (£78,898).
• Positive Net Assets and Shareholders’ Funds: Net assets of £98,102 show equity backing without evidence of accumulated losses.
• Compliance and Governance: All statutory filings are up to date, including accounts and confirmation statements, demonstrating good governance and regulatory compliance.
• Clear Ownership and Control: Two directors each owning between 25-50% shares and voting rights provide balanced control and transparency.

4. Due Diligence Notes:

• Verify the nature and terms of the long-term creditors (£27,133) to understand repayment risk.
• Review the business plan and forecast to assess sustainability beyond the initial start-up phase.
• Investigate the company’s revenue streams and customer base in the plumbing, heat, and air-conditioning installation sector to evaluate operational stability.
• Confirm the directors’ experience and background in this industry to gauge management capability.
• Monitor future filings for profitability and cash flow trends as more data becomes available.