DRAKE SECURITY SERVICES LTD

Executive Summary

DRAKE SECURITY SERVICES LTD, a recently incorporated micro-entity, demonstrates a solvent financial position with positive net assets and current assets exceeding liabilities. However, the limited trading history and sparse financial disclosures constrain a comprehensive risk assessment. Compliance with filing requirements and clear ownership structure support a low risk rating at this early stage, subject to further operational and financial due diligence.

DRAKE SECURITY SERVICES LTD - Analysis Report

Company Number: 15008418

Analysis Date: 2025-07-29 18:56 UTC

1. 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.

2. 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.

3. 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.

4. 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.