Company Number: 13466175

Analysis Date: 2025-07-29 12:10 UTC

1. Risk Rating: LOW

The company's financial data and compliance history suggest a low risk profile at this stage. The firm maintains positive net current assets and net assets, files accounts and confirmation statements on time, and operates within micro-entity filing thresholds, indicating a stable operational footing without immediate solvency or liquidity concerns.

2. Key Concerns:

• Declining Net Assets: Net assets have decreased significantly from £13,024 in 2021 to £379 in 2024, which warrants monitoring for potential capitalization issues or operating losses.
• Limited Scale and Resources: As a micro-entity with only one employee (the director) and modest current assets (~£4,300), operational scalability and financial resilience are limited.
• Lack of Detailed Financials: The absence of published profit and loss accounts limits insight into profitability, cash flow, and revenue trends, restricting comprehensive risk assessment.

3. Positive Indicators:

• Compliance and Timeliness: No overdue filings for both accounts and confirmation statements demonstrate good governance and regulatory compliance.
• Positive Working Capital: Net current assets remain positive across reported years, indicating the company can meet short-term obligations.
• Sole Director with Relevant Expertise: The director is a practicing chiropodist, directly relevant to the company's industry (footwear retail and health activities), which may support operational stability.

4. Due Diligence Notes:

• Investigate the causes behind the sharp decline in net assets over the last three years to understand potential operational losses or capital withdrawals.
• Review underlying revenue and expense figures, ideally obtaining the profit and loss account or management accounts to assess profitability and cash flow.
• Clarify the business model and growth prospects given the very limited scale and asset base.
• Confirm any contingent liabilities or off-balance-sheet obligations not visible in the micro-entity accounts.
• Evaluate director's plans for future capitalization or investment to support sustainability.