Company Number: 13017092

Analysis Date: 2025-07-29 15:55 UTC

1. Risk Rating: HIGH

   Justification: The company exhibits extremely minimal net assets and working capital, with net current assets of only £54 and net assets of the same amount as at the last reported financial year end. This indicates a precarious financial position with virtually no buffer to absorb operational shocks or meet obligations comfortably. The low equity base and minimal share capital (£1) further underscore potential solvency risks.

2. Key Concerns:

   • Minimal Net Assets and Working Capital: Net assets of £54 suggest the company has almost no equity cushion, which raises concerns about its ability to meet liabilities if unexpected expenses arise.
   • No Profit and Loss Data Filed: The absence of a filed profit and loss account limits the ability to assess profitability, cash flows, and operational performance, increasing uncertainty about the company’s sustainability.
   • Small Scale and Limited Financial Transparency: As a micro-entity with minimal financial disclosures and only three employees, there may be limited operational scale and financial resilience.

3. Positive Indicators:

   • Compliance with Filing Requirements: The company is up to date with its accounts and confirmation statement filings, indicating good regulatory compliance and governance.
   • Stable Directorship: The same two directors have been in place since incorporation, suggesting some operational stability and continuity.
   • No Overdue Accounts or Returns: Timely submissions reduce concerns about governance or regulatory issues.

4. Due Diligence Notes:

   • Review Profit and Loss Data: Obtain or request management accounts or P&L statements to assess revenue, expenses, and profitability trends.
   • Cash Flow Analysis: Investigate cash flow patterns to determine liquidity adequacy beyond balance sheet snapshots.
   • Business Model and Client Base: Understand the company’s contract pipeline, client concentration, and revenue stability in the specialised construction niche.
   • Director Backgrounds: Conduct background checks on directors for any adverse records or potential red flags not evident in basic filings.
   • Contingent Liabilities or Off-Balance Sheet Items: Confirm if there are any guarantees, pending litigations, or other obligations that could impact financial health.
   • Future Funding Plans: Ascertain if there are plans for capital injection or credit facilities to strengthen financial position.