Company Number: 12760528

Analysis Date: 2025-07-29 20:19 UTC

1. Risk Rating: LOW
   HAS TIMBER LTD shows stable net assets and positive net current assets over the last four years, indicating an ability to meet short-term obligations. The company is micro-sized with no audit requirements and maintains up-to-date filings without overdue accounts or confirmation statements. No insolvency or liquidation status is present.

2. Key Concerns:

• Declining Current Assets: The current assets decreased from £28,462 in 2023 to £23,713 in 2024, which could signal tightening liquidity.
• Provisions for Liabilities: Presence of provisions (£1,456 in 2024) requires scrutiny as they impact net assets and potential future cash outflows.
• No Employees: The company reports zero employees, which could imply reliance on external contractors or limited operational capacity, raising questions about scalability and operational sustainability.

3. Positive Indicators:

• Consistent Positive Net Current Assets: Net current assets remain positive and stable around £23-28k, indicating good short-term financial health.
• Up-to-Date Compliance: No overdue accounts or confirmation statements, demonstrating sound regulatory compliance.
• Steady Shareholders’ Funds Growth: Shareholders’ funds increased from £10,524 in 2021 to £21,237 in 2024, reflecting retained earnings or capital injections supporting solvency.

4. Due Diligence Notes:

• Clarify the nature and reason for provisions and whether they represent contingent liabilities that may affect future cash flows.
• Investigate cash flow patterns and bank balances beyond the balance sheet figures to confirm liquidity status.
• Understand the operational model given zero employees—verify whether key functions are outsourced or if the company is dormant operationally but active legally.
• Confirm no director disqualifications or legal issues linked to the directors, though none appear in the provided data.