DAVID'S BIKE REPAIRS LTD

Executive Summary

DAVID'S BIKE REPAIRS LTD is an early-stage private limited company with no trading turnover and minimal assets, resulting in a high-risk profile from a financial stability perspective. While there are no creditor exposures and the company is compliant with filing requirements, its current liquidity and operational scale are insufficient to ensure sustainability without external support. Close attention should be given to the source of reported income and future trading developments.

DAVID'S BIKE REPAIRS LTD - Analysis Report

Company Number: 14850505

Analysis Date: 2025-07-29 20:25 UTC

1. Risk Rating: HIGH
   The company shows a high risk profile primarily due to its nascent stage, lack of turnover, and minimal tangible assets or operational scale. The absence of trading revenue and limited current assets raise significant concerns about its capacity to sustain operations or meet obligations independently.

2. Key Concerns:

• Zero Turnover: The company has reported no turnover during its first 13-month period despite being active, which questions its operational viability and revenue-generating ability.
• Minimal Working Capital: With only £154 in current assets (cash) and no liabilities, the company has extremely limited liquidity to cover operating expenses or unexpected costs.
• Lack of Employees and Fixed Assets: No employees are reported, and there are no recorded fixed assets, which may indicate an undeveloped or non-operational business model at this time.

3. Positive Indicators:

• No Creditors or Liabilities: The company has no current or long-term liabilities, which reduces immediate solvency risks.
• Profit Reported from Non-Operating Income: The company reported an operating profit of £9,865, which appears to derive from other operating income rather than trading activities, potentially indicating some initial financial support or investment.
• Compliance with Filing Obligations: All accounts and confirmation statements are filed on time with no overdue filings, indicating regulatory compliance and good governance practices so far.

4. Due Diligence Notes:

• Investigate the nature and source of the reported "other operating income" of £9,865 to understand the sustainability of cash inflows.
• Assess the business plan and expected timeline for generating operational turnover and acquiring assets or employees.
• Confirm the company's ongoing funding arrangements and the financial position of the sole director/shareholder, who controls the company, to evaluate support capacity.
• Monitor forthcoming accounts and trading updates for evidence of operational progress or revenue generation.