Company Number: 15076246

Analysis Date: 2025-07-20 11:44 UTC

1. Risk Rating: MEDIUM
   The company is very recently incorporated (2023) and operates as a micro-entity with minimal financial history. While it remains active and filings are up to date, the very low net assets and minimal working capital indicate limited financial buffer. This poses a moderate solvency and liquidity risk typical for a start-up in its first year.

2. Key Concerns:

• Minimal Net Assets & Working Capital: Net assets of £340 and net current assets of £340 as of 31/08/2024 are very low and provide minimal cushion against short-term liabilities.
• Lack of Profit & Loss Disclosure: No P&L account filed publicly, limiting insight into operational performance or profitability.
• No Employees & Limited Operational History: Zero employees reported and only one full year of financial data restrict assessment of business sustainability and scalability.

3. Positive Indicators:

• Filing Compliance: Latest accounts and confirmation statement filed on time with no overdue filings or penalties.
• Clear Ownership and Control: Single director and 75-100% shareholder (Ms Sim Hui Toa) provides straightforward governance and decision-making structure.
• Relevant Industry SIC Codes: The company’s activity codes (packaging and online retail) are consistent with its stated business focus, suggesting appropriate business classification.

4. Due Diligence Notes:

• Investigate the company’s business model viability and revenue generation plans given the minimal financial scale.
• Obtain or request management accounts or internal financials to evaluate cash flow, profit margins, and expense control.
• Confirm absence of contingent liabilities or off-balance sheet exposures.
• Review director’s background and credit history given sole control and responsibility.
• Monitor future filings for trends in asset growth, profitability, and capital injections.