GLK TESTING SERVICES LTD

Executive Summary

GLK TESTING SERVICES LTD is a newly formed micro-entity showing a solvent balance sheet with positive working capital and current regulatory compliance. Its small scale and short operating history present inherent limitations in assessing long-term operational stability. Continued monitoring and further due diligence on business viability and client base are recommended for a comprehensive risk assessment.

GLK TESTING SERVICES LTD - Analysis Report

Company Number: 15126825

Analysis Date: 2025-07-29 12:11 UTC

1. Risk Rating: LOW
   The company is newly incorporated (less than two years old) and classified as a micro-entity with relatively modest financial figures. Current assets exceed current liabilities by a comfortable margin, indicating positive working capital. There are no overdue filings, no indication of liquidation, and a sole director with full control.

2. Key Concerns:

• Limited operating history: Incorporated in September 2023, the company’s short track record limits visibility into operational stability and financial trends.
• Single director/shareholder structure: While common in small private companies, this concentration poses governance risks and potential over-reliance on one individual.
• Small scale and micro-entity status: The company’s size limits its financial and operational scale, which may constrain growth and resilience to external shocks.

3. Positive Indicators:

• Healthy net current assets (£23,727) relative to current liabilities (£39,664), suggesting good short-term liquidity.
• Positive net assets and shareholders’ funds (£24,181) indicate a solvent balance sheet.
• Up to date statutory filings with Companies House, demonstrating regulatory compliance.
• Industry classification (SIC 71200 – Technical testing and analysis) typically involves specialized services, which may support niche market positioning.

4. Due Diligence Notes:

• Review the company’s business plan and cash flow forecasts to assess sustainability beyond the initial period.
• Investigate contracts or client base to evaluate revenue stability and growth prospects.
• Confirm no undisclosed liabilities or contingent risks exist beyond the provisions noted (£151).
• Assess director’s background for relevant experience and financial standing, given sole control.
• Monitor future filings for revenue trends and any changes in capital structure or ownership.