Company Number: 14554551

Analysis Date: 2025-07-19 13:04 UTC

1. Risk Rating: LOW
   The company demonstrates a solid net asset position and positive working capital, with no overdue filings or indications of insolvency. Its compliance status is current, and there are no signs of financial distress.

2. Key Concerns:

• Related Party/Control Changes: The company shows a rapid turnover of directors within a short period (three directors since incorporation, with changes as recent as May 2025). This could indicate governance or strategic shifts requiring scrutiny.
• Concentration of Control: Each PSC is recorded as owning 75-100% of shares and voting rights, which is inconsistent and may reflect incomplete or overlapping PSC notifications that need clarification. Such concentrated control could pose governance risks or limit transparency.
• Limited Financial History: Incorporated late in 2022, the company has only one set of unaudited accounts available, limiting trend analysis and long-term financial assessment.

3. Positive Indicators:

• Strong Balance Sheet Metrics: As of 31 December 2023, the company had £633,351 in net assets and positive net current assets of £333,832, indicating good solvency and liquidity.
• Adequate Cash Reserves: Cash at bank of £210,246 supports liquidity and operational flexibility.
• On-time Filings: Both accounts and confirmation statements are filed on time with no overdue reports, reflecting good regulatory compliance.
• Employee Base: Having 11 employees suggests some operational scale beyond a micro entity, indicating a functioning business.
• Active Website: The company maintains an active website as of July 2025, supporting its operational presence.

4. Due Diligence Notes:

• Clarify PSC Discrepancies: Investigate why multiple PSCs are all reported as holding 75-100% control simultaneously, which is unusual and may reflect errors or complex ownership arrangements.
• Director Changes Context: Understand reasons behind director resignations and appointments in a short timeframe to assess stability and governance quality.
• Examine Financial Details: Review the profit and loss account (not publicly filed) and any internal management accounts to assess profitability and cash flow trends beyond the balance sheet snapshot.
• Asset Composition: Tangible fixed assets are significant (£299,519) relative to current assets; evaluate asset liquidity and impairment risk.
• Tax and Social Security Creditor: The sizeable tax and social security creditor (£211,117) should be reviewed for timing and settlement plans to ensure no hidden liabilities or cash flow strain.
• Business Model and Market Position: Additional information on operations, revenue sources, and client base would assist in evaluating operational sustainability.