Company Number: 13569248

Analysis Date: 2025-07-19 11:51 UTC

1. Risk Rating: LOW
   The company shows a positive net asset position, no overdue filings, and maintains a small but stable operational scale. Despite a reduction in fixed assets and current assets in the latest year, net assets remain positive and consistent, indicating the company can meet its obligations.

2. Key Concerns:

• Significant drop in fixed assets from £14,392 (2023) to zero (2024) without explanation, which could affect operational capacity or reflect asset disposal.
• Reduction in current assets from £24,296 (2023) to £6,953 (2024), primarily cash and debtors, may suggest tighter liquidity conditions.
• Change in directors and shareholding control in the last two years, including the resignation of a significant shareholder/director (Martin John Ferguson), which could impact governance or strategic direction.

3. Positive Indicators:

• Net current assets remain positive (£6,953 in 2024), indicating an ability to cover short-term liabilities.
• No overdue accounts or confirmation statements, reflecting good regulatory compliance.
• Small average employee base (2 employees) consistent with a micro-entity, limiting overhead risk.
• The business operates in a specialized and essential sector (plumbing, heating, air-conditioning installation), which suggests steady demand potential.

4. Due Diligence Notes:

• Investigate the reason for the full disposal or write-off of fixed assets in the latest financial year and its impact on operational continuity.
• Clarify the nature of current assets composition to assess true liquidity, especially given the drop from prior year.
• Review director and shareholder changes for any implications on company strategy, control, and risk appetite.
• Confirm the company’s revenue trends and profitability (not provided) to better assess operational sustainability.
• Verify that the company holds all necessary licenses, insurance, and complies with industry regulations given the technical nature of its services.