FASTTRACK AK LTD
Executive Summary
FASTTRACK AK LTD is a recently formed micro-entity in the transportation support sector with a clean compliance record and positive net assets. While its limited operating history and single-person ownership structure warrant careful monitoring, current financial and regulatory data suggest a low risk profile at this stage. Further investigation into operational plans and funding is recommended to confirm sustainability.
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This analysis is opinion only and should not be interpreted as financial advice.
FASTTRACK AK LTD - Analysis Report
Risk Rating: LOW
Justification: FASTTRACK AK LTD is a newly incorporated micro-entity with a positive net asset position (£11,368) and no overdue filings. The company's liabilities are minimal (£772), and it holds some fixed assets. There is no indication of financial distress or regulatory non-compliance at this early stage.Key Concerns:
- Limited operating history: Incorporated only in late 2023, so no track record to assess sustainability or profitability.
- Minimal scale: Micro-entity status with a single employee may limit operational capacity and resilience.
- Concentration of control: Single director/shareholder with 100% control could present governance risks and lack of oversight.
- Positive Indicators:
- Filing Compliance: All accounts and confirmation statements are filed on time with no overdue notices.
- Positive net assets: The company reports positive net assets and shareholders' funds, indicating initial capital adequacy.
- Director transparency: Director and PSC information is clear and consistent with no disqualifications or adverse records noted.
- Due Diligence Notes:
- Review business plan and cash flow forecasts to assess the viability and operational sustainability given its micro size and new formation.
- Investigate source of initial capital and ongoing funding arrangements to ensure liquidity over the short term.
- Monitor governance controls and any future appointments or changes in ownership/control structure.
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