Company Number: 13501873

Analysis Date: 2025-07-29 19:38 UTC

1. Risk Rating: LOW to MEDIUM
   Fit Bristol Limited exhibits a modest but positive net asset position with no overdue filings or indications of financial distress. The company has grown net assets from £17,069 in 2023 to £27,402 in 2024, reflecting some operational stability. However, the relatively small scale and presence of long-term liabilities warrant cautious monitoring.

2. Key Concerns:

• Long-term liabilities: The company has creditors due after more than one year amounting to £23,421 in 2024, which is significant relative to net assets and could impact solvency if cash flows weaken.
• Limited financial disclosures: As a micro-entity, the accounts are unaudited and provide limited detail, restricting in-depth assessment of profitability, cash flows, and contingent liabilities.
• Director and control concentration: The controlling interest and management are concentrated in a single individual as of 2025, which could pose governance and succession risks.

3. Positive Indicators:

• Improved liquidity position: Current assets increased from £63,234 in 2023 to £92,905 in 2024, improving net current assets and suggesting better short-term liquidity.
• Compliance with filing obligations: No overdue accounts or confirmation statements, indicating good regulatory compliance and governance practices.
• Stable workforce size: Consistent average employee number (2) suggests operational stability without rapid scaling or downsizing pressures.

4. Due Diligence Notes:

• Review the nature and terms of the long-term liabilities to assess repayment risk and impact on financial flexibility.
• Obtain management accounts or additional financial information to evaluate profitability trends and cash flow sufficiency beyond the limited micro-entity disclosures.
• Assess governance arrangements given the recent change in directors and sole control by one person, including any succession or contingency plans.
• Confirm that there are no contingent liabilities or off-balance sheet exposures not disclosed in the micro-entity accounts.
• Understand the business model and market position within the "other retail sale of new goods in specialised stores" sector to evaluate operational sustainability.