Company Number: 13835989

Analysis Date: 2025-07-20 15:49 UTC

1. Risk Rating: MEDIUM
   FAZTECH LIMITED shows a modest net asset position and positive net current assets, indicating some capacity to meet short-term obligations. However, low absolute cash balances, outstanding tax liabilities, and reliance on director loans introduce moderate solvency and liquidity risks for a relatively young company.

2. Key Concerns:

• Current liabilities (£5,966) nearly equal current assets (£6,133), with very limited cash reserves (£682), suggesting tight liquidity and potential cash flow constraints.
• Significant corporation tax liability (£4,436) due within one year could strain cash resources if not adequately planned for.
• Reliance on director loan accounts (£5,451 due after one year in 2024) indicates external financing from the director, which may not be sustainable or formalized long-term.

3. Positive Indicators:

• The company has improved its net asset position from negative (£108) in 2023 to positive (£167) in 2024, showing a trend towards financial stability.
• No overdue filings for accounts or confirmation statements reflect compliance with statutory requirements and good governance discipline.
• Sole director and 75-100% controlling shareholder alignment may facilitate swift decision-making and operational agility.

4. Due Diligence Notes:

• Verify the nature and terms of the director loan accounts, including repayment schedules and any formal agreements, to assess financial support sustainability.
• Assess cash flow forecasts and working capital management to confirm ability to meet upcoming tax and creditor obligations.
• Review business plan and revenue generation capability in the plumbing, electrical installation, and equipment repair sectors to evaluate operational sustainability beyond the initial two years.