Company Number: 13886963

Analysis Date: 2025-07-20 16:47 UTC

1. Risk Rating: LOW

Justification: FIELDENFUL LIMITED demonstrates a solid liquidity position with net current assets of £72,946 and cash reserves increasing from £44,033 in 2023 to £76,770 in 2024. The company is compliant with filing deadlines and has no indication of overdue accounts or returns. As a recently incorporated entity (2022) operating in the general medical practice sector, it shows no staff employed but maintains healthy equity, indicating good initial capitalization.

2. Key Concerns:

• Limited operational scale: The company reports no employees and low trade debtor balances (£2,000 in 2024), which may reflect minimal business activity or reliance on directors for operations, raising questions about operational sustainability.
• Concentrated control: Significant control is held by a single individual (Dr. Nicolas Fielden), which may concentrate decision-making risk and affect governance robustness.
• Absence of audited accounts and limited financial history: Although compliant with exemption rules, the lack of audit and limited operational history restricts deeper financial scrutiny.

3. Positive Indicators:

• Strong liquidity: Cash increased substantially year-on-year, indicating good short-term financial health and ability to meet obligations.
• Compliance: All statutory filings are up to date with no overdue accounts or confirmation statements, reflecting sound governance practices.
• Positive net current assets and shareholders’ funds increasing from £54,770 to £72,946, suggesting retained earnings or capital injections supporting solvency.

4. Due Diligence Notes:

• Verify the nature and volume of business activities given no employees and low debtor balances; inquire about revenue streams and client base.
• Assess the impact of related party transactions or director loans, if any, given the small scale and ownership concentration.
• Confirm the adequacy of financial controls and governance given single-person control and exemption from audit.
• Consider requesting management accounts or more detailed financial data to better understand operational performance and cash flow dynamics.