Company Number: 13050597

Analysis Date: 2025-07-29 17:38 UTC

1. Risk Rating: LOW
   FK Rigging Services Limited demonstrates a solid financial position with positive net assets and shareholders’ funds that have increased year-on-year. The company has no overdue filings, is active, and has maintained compliance with Companies House requirements. The micro-entity size and limited employee base, alongside positive net current assets, suggest manageable operational scale and low immediate solvency risk.

2. Key Concerns:

• Reliance on a single director and 100% shareholder (Mr. Francis King) which may present governance concentration risk.
• Significant decrease in current assets from 2022 (£206,962) to 2023 (£123,438), which could indicate cash flow tightening or asset liquidation.
• Creditors falling due after more than one year remain material (£54k+), which could impact liquidity if not managed prudently.

3. Positive Indicators:

• Net assets and shareholders’ funds have increased steadily from £139k in 2020 to £204k in 2023, indicating retained earnings or capital growth.
• Positive net current assets in all reported years, suggesting the company can meet short-term liabilities comfortably.
• No overdue accounts or confirmation statements, reflecting good regulatory compliance and governance adherence.

4. Due Diligence Notes:

• Investigate the nature and terms of long-term creditors to assess refinancing or repayment obligations.
• Review the cause of the reduction in current assets in 2023 to determine if this is a temporary issue or indicative of operational stress.
• Confirm operational sustainability given the small employee base and industry (motion picture production), including revenue trends and client dependency.
• Assess any contingent liabilities or off-balance sheet risks not disclosed in micro-entity filings.