Company Number: SC739062

Analysis Date: 2025-07-29 20:03 UTC

1. Risk Rating: LOW
   Hebridean Baker Ltd exhibits a solid net asset position with significant positive net current assets and no overdue filings. The company operates within micro entity thresholds, with no indication of distress or regulatory non-compliance.

2. Key Concerns:

• Lack of Profit and Loss Account Filing: The absence of a profit and loss account limits insight into operational profitability and cash flow generation.
• No Employees Recorded: The company reports zero employees, which may suggest reliance on directors or contractors; this could affect operational scalability and sustainability.
• Limited Historical Financial Data: Incorporated in mid-2022, the company has a short track record, restricting trend analysis and assessment of long-term stability.

3. Positive Indicators:

• Strong Liquidity Position: Current assets exceed current liabilities by a large margin (£154k vs £25k in 2024), indicating good short-term liquidity.
• Positive Net Assets and Shareholders’ Funds: Net assets increased from £100k in 2023 to £128k in 2024, showing capital growth.
• Timely Compliance: All statutory filings (accounts and confirmation statements) are up to date with no overdue notices.
• Directors’ Stability and Control: Two directors hold equal significant control, with no adverse conduct records reported.

4. Due Diligence Notes:

• Obtain or request detailed profit and loss statements or management accounts to evaluate profitability and cash flow trends.
• Clarify the nature of operations given the SIC codes (IT services and book publishing) and confirm business model sustainability without employees.
• Review director backgrounds beyond Companies House to ensure no reputational or regulatory issues.
• Investigate any off-balance sheet liabilities or commitments not reflected in the micro-entity accounts.