Company Number: 13587374

Analysis Date: 2025-07-29 13:31 UTC

1. Risk Rating: LOW
   The company demonstrates positive net current assets consistently over the past three years, indicating an ability to meet short-term obligations. There are no overdue filings or indications of regulatory non-compliance. The business is categorized as a micro-entity, suggesting limited operational complexity and financial exposure.

2. Key Concerns:

• Limited operational scale: No employees reported over the last two years, which may indicate reliance on directors or external contractors, potentially affecting operational sustainability.
• Concentrated control: Two individuals hold substantial ownership and director rights (each 25-50%), which could pose governance risks if interests diverge.
• Industry diversification: The company operates across disparate SIC codes (IT consultancy, warehousing, wholesale trade, and grain wholesale), which might dilute focus and operational effectiveness without clear strategic alignment.

3. Positive Indicators:

• Improving financial position: Net current assets increased from £11,969 in 2023 to £25,849 in 2024, showing strengthening liquidity.
• Compliance: All statutory filings (accounts and confirmation statements) are up to date with no overdue notices.
• Low liabilities: Current liabilities are well covered by current assets, reflecting prudent short-term financial management.

4. Due Diligence Notes:

• Verify the nature of the company’s operations given the multiple SIC codes and absence of employees to understand revenue sources and business model sustainability.
• Assess the cash flow dynamics beyond the balance sheet, particularly the quality and timing of debtors, to confirm liquidity robustness.
• Review the governance framework given the shareholding and voting control concentration, including potential related party transactions or conflicts of interest.