Company Number: 13514355

Analysis Date: 2025-07-20 18:09 UTC

1. Risk Rating: LOW to MEDIUM
   The company maintains positive net current assets and net assets, indicating solvency at the balance sheet date. However, the absolute values are very low, reflecting a very small scale operation with minimal financial buffer.

2. Key Concerns:

• Very Limited Asset Base: Net assets of £124 in 2024 and £187 in 2023 highlight minimal financial resources, which could constrain operational flexibility or ability to absorb shocks.
• No Employees and Micro Category: The company reports zero employees and is categorized as a micro-entity, indicating a potentially one-person operation with limited scale and diversification risk.
• Declining Current Assets: Current assets decreased from £208 in 2023 to £150 in 2024, a notable reduction that may suggest tightening liquidity or reduced cash holdings.

3. Positive Indicators:

• Solvent Position: Current assets exceed current liabilities in all reported years with positive net current assets and net assets, suggesting no immediate solvency risk.
• Compliance with Filings: Accounts and confirmation statements are up to date and not overdue, indicating good regulatory compliance.
• Single Controlling Shareholder/Director: Clear control by Mrs. Galina Petkova Ovcharova with 75-100% ownership and directorship reduces complexity in governance.

4. Due Diligence Notes:

• Investigate the nature of the company’s operations and revenue streams given the SIC codes (cleaning and other unclassified services) and the very low asset base.
• Review cash flow statements or management accounts (if available) to assess liquidity dynamics and operational cash generation beyond the snapshot balance sheet.
• Confirm no contingent liabilities or off-balance sheet arrangements exist despite the accounts footnotes stating none, as micro-entity filings may not be comprehensive.
• Consider director and shareholder background checks (already indicates no disqualifications) and any related party transactions since the company is closely held.