Company Number: 14121145

Analysis Date: 2025-07-29 18:36 UTC

1. Risk Rating: LOW
   F17 Holdings Limited demonstrates strong financial metrics with substantial net assets (£5.83m) and a significant cash balance (£1.18m) relative to its minimal current liabilities (£7.6k). The company’s active status, timely filings, and absence of overdue accounts or returns support a low risk profile.

2. Key Concerns:

• Reliance on Holding Company Model: The company operates as a holding entity (SIC 64209), which can imply dependency on subsidiary performance and expose it to underlying operational risks not visible in these accounts.
• Limited Operational Data: Absence of income statement details and profit/loss information (due to abridged filing) restricts assessment of operational profitability and cash flow sustainability.
• Concentration of Control: The sole significant controller (Wendy King) holds 75-100% ownership and voting rights, which could pose governance risk if succession or decision-making issues arise.

3. Positive Indicators:

• Strong Solvency: Net assets markedly exceed current liabilities with a large positive working capital position (~£1.2m), indicating capacity to meet short-term obligations comfortably.
• Healthy Liquidity: Cash reserves exceed £1.17m, suggesting ample liquidity to support operational needs or investments without reliance on external funding.
• Compliance Record: Accounts and confirmation statements are filed on time with no overdue filings, reflecting sound regulatory compliance and corporate governance practices to date.

4. Due Diligence Notes:

• Review underlying investments and subsidiaries to understand the asset quality and operational risks inherent in the holding company’s portfolio.
• Obtain detailed profit and loss statements or management accounts to evaluate revenue streams, profitability, and cash flow generation.
• Investigate any related party transactions or intra-group financing arrangements that might impact financial stability or liquidity.
• Confirm absence of director disqualifications or adverse conduct records for current directors beyond the data provided.