Company Number: SC707833

Analysis Date: 2025-07-29 13:42 UTC

1. Risk Rating: LOW
   Grange Heating & Plumbing Ltd exhibits a stable financial position with positive net current assets and shareholders’ funds. The company is small, recently incorporated, and compliant with filing requirements, indicating low immediate risk.

2. Key Concerns:

• Absence of Employees: The company reported zero employees on average over the last two years, which may raise questions about operational capacity or reliance on subcontractors.
• Modest Asset Base: Current assets and net assets are small (£12,008 as of 2024), reflective of a micro/small business with limited financial buffer against unexpected shocks.
• Lack of Profit & Loss Disclosure: The profit and loss account has not been delivered to the Registrar, limiting insight into profitability trends and operational performance.

3. Positive Indicators:

• Consistent Net Current Assets and Shareholders’ Funds: Net current assets have increased slightly year-on-year, from £9,162 in 2021 to £12,008 in 2024, indicating stable or improving working capital.
• Cash Presence: The company maintains a reasonable cash balance (£6,181 in 2024), supporting liquidity.
• Timely Filing and Compliance: No overdue accounts or confirmation statements; accounts filed on time with exemptions correctly applied, showing good governance and regulatory compliance.
• No Debt Liabilities Reported: Current liabilities are either zero or negligible, suggesting limited short-term obligations.

4. Due Diligence Notes:

• Profitability and Cash Flow: Obtain full profit and loss accounts and cash flow statements to assess operational sustainability and cash generation.
• Operational Model: Clarify how the business operates without employees—whether through subcontractors, owner-managed activities, or other arrangements.
• Customer Concentration and Debtor Quality: Review debtor aging and customer base to assess credit risk and reliability of receivables.
• Director Background: Verify the background and track record of the sole director, Janette Beveridge, including any potential regulatory or conduct issues.
• Business Plan and Future Outlook: Understand growth plans, market positioning, and resilience to economic fluctuations relevant to the plumbing and heating sector.