ELITE BLASTING SOLUTIONS LIMITED

Executive Summary

Elite Blasting Solutions Limited presents as a solvent micro-entity with a positive net asset position and compliant filing record, but its recent incorporation and reliance on director advances suggest caution. The overdrawn director's account and limited trading history highlight the need for further due diligence on cash flow management and operational sustainability before committing investment. Monitoring future financial disclosures will be critical to assessing ongoing risk.

ELITE BLASTING SOLUTIONS LIMITED - Analysis Report

Company Number: 14564320

Analysis Date: 2025-07-29 20:18 UTC

1. Risk Rating: MEDIUM
   While Elite Blasting Solutions Limited shows a positive net asset position and adequate working capital as of its first financial year, the company’s very recent incorporation and micro-entity status limit the depth of financial history available. The director’s overdrawn current account and related-party advances also introduce some concerns around cash flow management and financial discipline.

2. Key Concerns:

• Director’s Current Account Overdrawn: The director’s account is overdrawn by £8,599 after advances of £182,660 partially repaid. This could indicate reliance on director funding for liquidity, potentially masking underlying cash flow challenges.
• Limited Financial History: Incorporated at the end of 2022, with only one period’s accounts filed, there is insufficient data to evaluate operational sustainability or profitability trends.
• Related Party Transactions: Advances and credits involving the director require scrutiny to ensure they are on arm’s length terms and not a risk to company solvency or governance.

3. Positive Indicators:

• Strong Net Assets: Net assets of £194,442 and net current assets of £193,384 indicate the company is solvent at the balance sheet date.
• Clean Filing Record: No overdue accounts or confirmation statements; filings are up to date and compliant with Companies House requirements, indicating good regulatory compliance.
• Ownership and Control Transparency: Single director and 75-100% shareholder Mr. Ryan Sweeney provides clear accountability and control structure.

4. Due Diligence Notes:

• Review cash flow statements and bank reconciliations for signs of cash flow stress or dependency on director loans.
• Verify the terms and intentions behind director advances and overdrawn current account to assess risks of related party financing.
• Investigate revenue streams, customer concentration, and contract duration to evaluate operational sustainability beyond initial trading period.
• Monitor subsequent filings and financial performance to detect any emerging liquidity or solvency risks early.
• Confirm absence of any director disqualifications or regulatory issues beyond the data provided.