DC OFFSHORE ENGINEERING LTD

Executive Summary

DC OFFSHORE ENGINEERING LTD is a micro-entity with positive equity growth and strong compliance history, indicating low immediate financial risk. However, its small operational scale and reliance on a single director warrant further review of cash flow stability and business continuity. Overall, the company appears solvent and well-managed within its niche market segment.

DC OFFSHORE ENGINEERING LTD - Analysis Report

Company Number: 13521678

Analysis Date: 2025-07-20 14:27 UTC

1. Risk Rating: LOW
   DC OFFSHORE ENGINEERING LTD exhibits a solid micro-entity financial profile with positive net current assets and net assets, no overdue filings, and a stable director structure. The company appears solvent and operationally stable with no evident compliance or governance issues.

2. Key Concerns:

• Limited scale of operations: The company is micro-sized with only one employee, which may expose it to operational risks related to capacity and succession.
• Fixed asset base is minimal (£852 in 2023), suggesting limited tangible resources which could constrain growth or collateral availability.
• Reliance on a single director and shareholder (Mr David Collins) concentrates control and decision-making, potentially increasing governance risk if unforeseen issues arise.

3. Positive Indicators:

• Net current assets increased from £12,561 in 2022 to £16,869 in 2023, indicating improved short-term liquidity.
• Shareholders’ funds grew from £13,277 to £17,301, reflecting retained earnings or capital injections and strengthening the equity base.
• No overdue accounts or confirmation statements, demonstrating good compliance with statutory filing requirements.
• Active status with recent filings and no signs of insolvency proceedings.
• Business operates in a specialized SIC code (33170: repair and maintenance of transport equipment), which can support niche market positioning.

4. Due Diligence Notes:

• Verify profitability and cash flow trends beyond balance sheet snapshots, as income statement data is not provided.
• Understand client concentration and contract stability in the repair and maintenance sector to assess operational sustainability.
• Confirm no undisclosed liabilities or contingent risks that could affect solvency.
• Assess director’s background for any potential conflicts or past compliance issues despite no disqualifications reported.
• Review company’s access to finance or credit facilities given the small asset base.