Company Number: 13816802

Analysis Date: 2025-07-29 15:34 UTC

1. Risk Rating: LOW
   The company demonstrates a stable and improving financial position with increasing shareholders' funds and positive net current assets. Filing obligations are up to date with no overdue accounts or confirmation statements, indicating strong compliance and operational discipline.

2. Key Concerns:

• Reliance on limited directors and single significant controller (75-100% shares held by one individual) may pose governance concentration risk.
• Provisions for liabilities increased significantly in 2024 (£23,634) compared to prior year (£4,192), requiring scrutiny to understand nature and potential impact on solvency.
• No employees reported, which may raise questions on operational model scalability or reliance on third parties; sustainability of business activities needs verification.

3. Positive Indicators:

• Consistent increase in current assets (from £110,888 in 2021 to £213,927 in 2024) and reduction in current liabilities (from £70,554 in 2023 to £42,797 in 2024) leads to improved liquidity.
• Shareholders’ funds more than doubled from £70,130 in 2023 to £149,831 in 2024, reflecting retained earnings or capital injections.
• Company is current on all filings with Companies House, including accounts and confirmation statement, evidencing good regulatory compliance.
• Business operates in IT consultancy and service activities (SIC 62090, 62020), a sector with generally stable demand.

4. Due Diligence Notes:

• Review detailed notes on provisions for liabilities to identify risks or contingent liabilities that may affect financial stability.
• Investigate the operational structure given zero employees reported—clarify if outsourcing or contractors are used and assess sustainability and control.
• Assess director and PSC background, particularly governance controls given the concentrated ownership and dual role of one director as company secretary.
• Verify cash flow statements if available to confirm liquidity beyond balance sheet position.
• Confirm that no related party transactions or unusual financing arrangements exist given the close control by a single individual.