DRAKE SECURITY SERVICES LTD
Company number 15008418 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
DRAKE SECURITY SERVICES LTD - Analysis Report
Company Number: 15008418
Analysis Date: 2025-07-29 18:56 UTC
Risk Rating: LOW
The company shows a positive net asset position and net current assets indicating solvency. There are no overdue filings or indications of regulatory non-compliance. The company is newly incorporated and appears to be managed by a single director who is also the sole significant controller.Key Concerns:
- Limited operating history: Incorporated in mid-2023, the company has only one financial period filed, which limits the ability to assess operational stability over time.
- Micro-entity status: The company reports under micro-entity provisions with limited financial disclosures, notably excluding the profit and loss account, restricting insight into profitability and cash flow.
- Single director and sole control: Concentration of control and management in one individual may pose governance risks if not mitigated by external oversight or controls.
- Positive Indicators:
- Positive net current assets (£42,507) and net assets, indicating the company currently holds sufficient short-term assets to cover liabilities and has a positive equity base.
- No overdue statutory filings: Accounts and confirmation statements are up to date, which suggests good compliance with regulatory requirements.
- Clear ownership and control structure: The sole director and 100% shareholder relationship provides clarity on decision-making authority and responsibility.
- Due Diligence Notes:
- Request more detailed financial information, including profit and loss data and cash flow statements, to better assess operational performance and liquidity.
- Confirm the nature and duration of contracts or revenues supporting the business to evaluate sustainability beyond the start-up phase.
- Investigate any external credit facilities or contingent liabilities not disclosed in the micro-entity accounts that may impact solvency.
- Review director background and any potential conflicts of interest given sole control and directorship.
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