HEAT FROM THE SPIRE LIMITED

Executive Summary

HEAT FROM THE SPIRE LIMITED is a recently formed small private company operating in specialised retail clothing with initial positive net assets and current liabilities comfortably covered by current assets. The company shows sound regulatory compliance but relies materially on director loans and has limited operational scale, which warrants further review of cash flow and profitability to confirm longer-term viability. Overall, the company currently presents a low risk profile based on available financial and compliance data.

HEAT FROM THE SPIRE LIMITED - Analysis Report

Company Number: 14629002

Analysis Date: 2025-07-29 19:13 UTC

1. Risk Rating: LOW
   The company is newly incorporated (2023), with its first set of accounts filed on time and no overdue filings. Financials show positive net current assets and net assets, indicating initial solvency. The sole director and 100% owner appears to maintain control with no compliance issues reported.

2. Key Concerns:

• Reliance on director loans (£17,733) to fund operations may indicate initial external financing dependence, which could pose risk if not replaced by operational cash flow.
• Small scale of operations with only one employee and modest asset base limits operational resilience and scalability at this stage.
• Lack of profit and loss account disclosure limits insight into profitability and operational cash flow dynamics.

3. Positive Indicators:

• Positive net current assets of £19,034 and net assets of £25,398 suggest the company can meet short-term liabilities currently.
• No overdue accounts or confirmation statements; regulatory compliance appears up to date.
• Intangible asset (goodwill) presence indicates some value beyond tangible assets, potentially from acquired rights or brand.

4. Due Diligence Notes:

• Investigate the nature and terms of director loans to assess repayment risk and impact on liquidity.
• Review management accounts or cash flow forecasts to understand operational sustainability and break-even timing.
• Clarify business model and growth plans given small scale and assets; assess market position within retail clothing specialty stores.
• Obtain profit and loss information to evaluate income generation and expense trends.