D J PAINT & FABRICATION LTD

Executive Summary

D J PAINT & FABRICATION LTD is a micro-entity with persistent net current liabilities and zero current assets reported in the latest year, signaling high liquidity and solvency risks. While regulatory compliance appears sound and governance structure is straightforward, the minimal scale and financial position raise concerns about operational sustainability. Further financial details and operational insight are needed to fully assess the company's viability.

D J PAINT & FABRICATION LTD - Analysis Report

Company Number: 13482409

Analysis Date: 2025-07-20 19:07 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns due to persistent net current liabilities and a lack of current assets as of the latest financial year.

2. Key Concerns:

• Negative Working Capital: The company has current liabilities exceeding current assets by £3,536 at the year end 2024, indicating potential difficulties in meeting short-term obligations.
• Zero Current Assets in Latest Year: The total absence of current assets in the latest accounts raises immediate liquidity concerns and suggests minimal cash or receivables available to cover liabilities.
• Minimal Scale and Operational Data: Being a micro-entity with only one employee and limited financial data, the business scale appears very small, which may impact operational sustainability and ability to absorb financial shocks.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are filed on time, indicating good regulatory compliance and governance discipline.
• Single Controlling Shareholder/Director: The sole director and 75-100% shareholder is clearly identified with no recorded disqualifications, which may simplify decision-making and accountability.
• Consistent Reporting: The company has maintained consistent annual reporting since incorporation in 2021, showing ongoing compliance.

4. Due Diligence Notes:

• Investigate the nature of current liabilities to assess whether they are trade creditors, tax obligations, or other debts and their payment terms.
• Clarify how the company manages cash flow given zero current assets reported in 2024, and whether there are off-balance sheet arrangements or intercompany transactions not reflected here.
• Review turnover, profitability, and any additional financial metrics not disclosed in these micro-entity accounts to better understand operational viability.
• Confirm whether the business is currently trading or dormant, and whether there are plans or indications of financial restructuring or capital injection.
• Assess the market position and competitive environment within the motor vehicle maintenance and repair sector (SIC 45200) relevant to this company.