FB CONSTRUCTION LTD

Executive Summary

FB CONSTRUCTION LTD is an active private limited company recently incorporated in early 2024, exhibiting initial compliance and positive net assets despite a modest cash position. The company’s limited trading history and small scale present typical early-stage risks, but there are no immediate solvency or regulatory concerns. Further due diligence on operational plans and cash flow forecasts is recommended to fully assess investment risk.

FB CONSTRUCTION LTD - Analysis Report

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.