DAVID A LARKINS LIMITED

Executive Summary

David A Larkins Limited is a recently incorporated micro-entity with minimal financial resources and no operational history, resulting in a high risk rating for solvency and operational sustainability. While statutory filings are up to date and governance structure is clear, the company's viability depends on capital injection and business development which require further due diligence. Investors should monitor future financial and operational disclosures closely.

DAVID A LARKINS LIMITED - Analysis Report

Company Number: 15032307

Analysis Date: 2025-07-29 21:00 UTC

Risk Rating: HIGH

Justification: The company is newly incorporated (July 2023) with minimal financial activity and very limited assets (£100 current assets), no employees, and no reported liabilities. The micro-entity status and very limited financial data provide insufficient evidence of operational scale or cash flow. This indicates a high risk regarding solvency and operational sustainability at this early stage.

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Key Concerns

1. Minimal Financial Resources: The balance sheet shows only £100 in current assets and shareholders’ funds, with no liabilities, indicating extremely limited capital or working capital. This raises concerns about the company's ability to meet any financial obligations or sustain operations.

2. No Operational History or Revenue: The company has no employees and no reported income or turnover disclosed. There is no indication of ongoing business activity or contracts, which challenges the assessment of operational stability.

3. Single Director and Shareholder Control: Mr. David Anthony Larkins holds 75-100% of shares and voting rights and is the sole director. This concentration of control creates governance risk, especially in the absence of independent oversight or a broader management team.

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Positive Indicators

• Compliance with Filing Requirements: The company has filed its first annual accounts and confirmation statement on time with no overdue filings, demonstrating adherence to statutory obligations.

• Clear Industry Classification: The SIC code 49410 clarifies the business area as freight transport by road, which is a well-understood sector with potential for revenue generation.

• No Indications of Insolvency or Formal Proceedings: The company is active, not in liquidation or administration, and there are no red flags regarding director disqualifications.

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Due Diligence Notes

• Verify Initial Capital Injection and Funding Sources: Investigate whether the £100 asset reflects initial nominal capital only and whether further capital or credit facilities are planned or in place.

• Assess Business Plan and Revenue Prospects: Request management information on contracts, clients, or operational plans to understand how the company intends to generate income and become financially viable.

• Review Director Background: Although no disqualifications are noted, further background checks on the director’s experience and financial standing would be prudent given sole control.

• Monitor Future Filings: Keep track of subsequent accounts and confirmation statements to identify operational progress or emerging financial risks.

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