Company Number: 13056334

Analysis Date: 2025-07-20 12:16 UTC

1. Risk Rating: LOW
   The company demonstrates strong net asset growth and healthy working capital. There are no overdue filings or signs of regulatory non-compliance. The business appears financially stable and operationally sound based on the available micro-entity accounts.

2. Key Concerns:

• The presence of long-term creditors (£58,165) in 2023 should be reviewed to understand repayment terms and impact on solvency.
• Share capital remains nominal (£2.00), indicating limited shareholder funding, which could constrain capital raising options.
• Limited disclosure inherent to micro-entity accounts restricts insight into profitability, cash flow, and contingent liabilities.

3. Positive Indicators:

• Significant increase in net assets from £180,995 in 2022 to £403,657 in 2023 indicates strong balance sheet growth.
• Net current assets have more than doubled to £272,473, suggesting good liquidity and ability to meet short-term obligations.
• No overdue statutory filings, confirming compliance with regulatory requirements.
• Steady increase in fixed assets (from £16,847 in 2020 to £73,019 in 2023) reflects investment in operational capacity.
• Stable and consistent director appointments with no public disqualifications noted.

4. Due Diligence Notes:

• Obtain detailed management accounts or cash flow statements to assess operational cash flows and profitability, which are not disclosed in micro-entity filings.
• Clarify the nature and terms of the long-term creditors to evaluate solvency risk associated with these obligations.
• Investigate any off-balance sheet liabilities or contingent risks not captured in micro-entity accounts.
• Confirm business model sustainability given small employee base (3 employees) and sector specifics (wired telecommunications).
• Review director backgrounds beyond Companies House data for any potential governance or reputational concerns.