CORE MECHANICAL & MAINTENANCE SERVICES LIMITED
Executive Summary
Core Mechanical & Maintenance Services Limited is an extremely small and newly incorporated entity with minimal financial resources and no recorded employees, resulting in a high risk profile from solvency and liquidity perspectives. While regulatory filings are up to date, the lack of operational scale and low capitalization raise significant concerns for investors. Further due diligence on business activities and governance stability is recommended before considering investment.
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This analysis is opinion only and should not be interpreted as financial advice.
CORE MECHANICAL & MAINTENANCE SERVICES LIMITED - Analysis Report
Risk Rating: HIGH
Given the extremely limited financial resources (£2 net assets) and absence of employees or operational scale, the company exhibits very high solvency and liquidity risk. The minimal capital base suggests an inability to absorb financial shocks or meet liabilities beyond nominal levels.Key Concerns:
- Minimal Capitalization: Share capital and net assets of only £2 indicate negligible financial backing. This severely limits operational capacity and risk tolerance.
- No Employees and No Revenue Data: Absence of employees and no turnover or profit figures raise questions about ongoing business activities and sustainability.
- Recent Director Turnover: One director resigned shortly after appointment, which may indicate governance or operational instability.
- Positive Indicators:
- Compliance with Filings: The company is current with its annual accounts and confirmation statement filings, indicating regulatory compliance.
- Active Status: The company is registered as active and not in liquidation or administration.
- Clear Ownership Structure: Two directors each controlling 25-50% of shares provides transparency in control.
- Due Diligence Notes:
- Verify the nature and extent of the company’s trading activity since incorporation given lack of employees and minimal assets.
- Investigate reasons for director resignation and assess current management capability and governance practices.
- Assess any off-balance sheet liabilities or contingent risks not captured in the micro-entity accounts.
- Clarify plans for capitalization or funding to support operational growth or cover liabilities.
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