DAN ISPAS LTD

Executive Summary

DAN ISPAS LTD is a recently formed micro-entity operating in freight transport with a small asset base but currently solvent and compliant with statutory filings. The company’s limited financial history and scale present normal early-stage risks, though no immediate red flags are evident. Further due diligence should focus on operational plans and cash flow sustainability to better assess long-term viability.

DAN ISPAS LTD - Analysis Report

Company Number: 15401302

Analysis Date: 2025-07-29 14:24 UTC

1. Risk Rating: LOW

Justification: DAN ISPAS LTD is a newly incorporated micro-entity with a very limited asset base but positive net current assets and net assets. The company is compliant with filing requirements to date, has no overdue accounts or confirmation statements, and shows no signs of liquidation or insolvency. Although financial data is minimal due to the company’s short trading history, available information suggests the company is currently solvent with no apparent liquidity issues.

2. Key Concerns:

• Very limited financial scale: Current assets of only £1,440 and net assets of £1,167 indicate a very small capital base, which may constrain operational flexibility and resilience.
• Lack of financial history: Incorporated in January 2024, the company has less than two years of financial data, limiting the ability to assess long-term operational stability or profitability.
• Single director and employee: The company is reliant on one individual (Mr. Dan Ispas) for management and operations, which may raise concerns regarding succession risk and operational continuity.

3. Positive Indicators:

• Compliance: All filings including annual accounts and confirmation statements are up to date with no overdue submissions or penalties.
• Solvency: Positive net current assets and net assets indicate the company’s ability to meet short-term obligations at the balance sheet date.
• Clear ownership and control structure: Two individuals (Mr. Dan Ispas and Mrs. Daniela Spataru) hold 75-100% of shares and voting rights, simplifying governance and decision-making processes.

4. Due Diligence Notes:

• Investigate business plan and revenue projections to assess operational sustainability beyond the startup phase.
• Review cash flow forecasts and working capital management given the limited current assets.
• Confirm the director’s experience and capacity to manage the freight transport operations effectively.
• Verify any related party transactions between the two PSCs and the company to identify potential conflicts of interest.
• Monitor subsequent filings for evidence of growth or financial strain.