Company Number: 15238778

Analysis Date: 2025-07-20 17:55 UTC

1. Risk Rating: MEDIUM
   The company is newly incorporated (October 2023) and has filed its first micro-entity accounts showing a very modest net asset base (£423) and almost balanced current assets and liabilities. The negligible working capital (-£9) and lack of employees indicate a very early-stage operation with limited financial buffer, suggesting some risk in meeting obligations if business activity increases or unexpected costs arise.

2. Key Concerns:

• Minimal Net Assets and Working Capital: With net assets of only £423 and net current liabilities of £9, the company has very limited financial strength to absorb operational shocks or delays in receivables.
• No Operating History or Revenue Data: The company is less than two years old with no reported employees and no detailed profit and loss data available, making it difficult to assess sustainability or cash flow generation.
• Single Director and Shareholder Control: Full control by one individual (Mrs. Dawn Fay Spencer) concentrates governance risk and may limit oversight, which could be a concern depending on the robustness of internal controls and business strategy.

3. Positive Indicators:

• Compliance with Filing Deadlines: The company is up to date with its confirmation statement and accounts filings, indicating good regulatory compliance and governance practices at this early stage.
• Micro-entity Status: Simplified reporting requirements reduce administrative burden and costs, appropriate for a small start-up company.
• Clear Management Focus: The director is also the sole significant controller, which may allow for agile decision-making in the early phases of business development.

4. Due Diligence Notes:

• Investigate the company’s business plan, revenue projections, and cash flow forecasts to understand future operational viability and funding needs.
• Confirm if there are any off-balance-sheet liabilities or contingent obligations not reflected in the micro-entity accounts.
• Review the background and experience of the sole director to assess capability to manage and grow the business sustainably.
• Monitor subsequent filings and any changes in financial position or director appointments for early warning signs of distress.