Company Number: 15412314

Analysis Date: 2025-07-29 14:35 UTC

1. Risk Rating: LOW to MEDIUM
   FB CONSTRUCTION LTD is a newly incorporated entity (January 2024) with modest financial figures consistent with a startup. Its current net assets and working capital position are positive, albeit small in absolute terms. There is no indication of overdue filings or regulatory non-compliance. However, limited operational history and low cash reserves suggest a degree of early-stage risk typical for new companies.

2. Key Concerns:

• Limited Operating History: Incorporated only in January 2024 with first accounts up to March 2024; absence of trading history limits assessment of operational sustainability.
• Low Cash Position: Cash at bank of £1,147 against current liabilities of £428 provides minimal liquidity buffer; depending on future cash flows, this may constrain operations.
• Single Director and Shareholder Control: Sole director and 75-100% shareholding by Mr. Murat Erdinc Kurter concentrates control and decision-making, which could pose governance risks if not balanced by operational safeguards.

3. Positive Indicators:

• Compliance with Filing Requirements: No overdue accounts or confirmation statements; demonstrates good compliance and governance discipline for a new company.
• Positive Net Current Assets and Shareholders’ Funds: Net current assets and equity of £719 indicate solvency at the reporting date.
• Clear Accounting Policies and Governance: Accounts prepared under FRS 102 with disclosure of policies, suggesting adherence to UK accounting standards.

4. Due Diligence Notes:

• Verify the company’s business plan and cash flow projections to assess sustainability beyond the initial period.
• Confirm the nature and status of any contracts or ongoing projects, especially given the SIC codes related to engineering design and software development.
• Review director background and any related party transactions given sole control by one individual.
• Monitor subsequent filings and financial reports for trends in revenues, expenses, and liquidity.