Company Number: 14633489

Analysis Date: 2025-07-20 19:15 UTC

1. Risk Rating: LOW
   The company shows a positive net asset position with net current assets of £12,670 and shareholders’ funds of £18,649 shortly after incorporation. There are no overdue filings or regulatory issues. Being a micro-entity with a very recent incorporation date, risk is naturally limited at this stage.

2. Key Concerns:

• Limited Operating History: Incorporated in February 2023, the company has less than two years of trading history, making it difficult to assess long-term operational stability or profitability.
• Small Scale and Financial Size: As a micro-entity, financial resources and asset base are minimal, potentially constraining growth and resilience to economic shocks.
• Name Change Shortly After Incorporation: The company changed its name from SW Carpentry & Construction Limited to Fraserwood Construction Limited within less than two years, which may warrant inquiry into business strategy or ownership changes.

3. Positive Indicators:

• Solvent with Positive Net Assets: The balance sheet shows net current assets of £12,670 and total equity of £18,649, indicating solvency and ability to meet short-term liabilities.
• Compliance with Filing Requirements: Accounts and confirmation statements are up to date, evidencing good regulatory compliance and governance.
• Clear Control and Management Structure: Two individuals hold significant control with defined shareholding and director roles, suggesting clarity in decision-making and accountability.

4. Due Diligence Notes:

• Review Business Model and Market Position: Given limited financial history, further investigation into contracts, client base, and revenue projections is advised.
• Understand Reason for Name Change: Assess whether the name change reflects a rebranding, change in ownership, or other strategic shift.
• Examine Cash Flow and Working Capital Management: Although current assets exceed liabilities, detailed cash flow analysis would clarify liquidity risks in day-to-day operations.
• Director Background Checks: Confirm absence of any adverse conduct or disqualifications for the director and significant controllers.