Company Number: 13928482

Analysis Date: 2025-07-29 16:14 UTC

1. Risk Rating: MEDIUM

Justification: HEI Bespoke Limited shows improving financial health with positive net assets in the latest year, moving from a net liability position previously. The company is current with statutory filings and maintains a stable management structure. However, limited financial scale, modest share capital, and historical net liabilities pose some risk. The micro-entity status limits disclosure detail, restricting full transparency on operational cash flows and profitability.

2. Key Concerns:

• Historical negative net assets and working capital deficits during the first two financial years indicate past solvency pressure and potential liquidity constraints.
• Very low share capital (£99) suggests limited equity buffer to absorb losses or financial shocks.
• Small scale of operations (micro-entity with 2 employees) may mean limited operational resilience and exposure to market or client concentration risk.

3. Positive Indicators:

• Strong recovery in net current assets from negative £4.4k in 2023 to positive £28.4k in 2024 suggests improved liquidity and working capital management.
• No overdue accounts or confirmation statements, indicating good regulatory compliance and governance.
• Single director and sole shareholder alignment may facilitate agile decision-making and streamlined control.

4. Due Diligence Notes:

• Review detailed profit and loss data (not filed publicly) to assess profitability and cash flow trends.
• Investigate nature of current liabilities and creditor terms to evaluate liquidity risk further.
• Assess client base and contract stability given the company’s small size and industry (agent for sale of furniture and household goods).
• Confirm absence of director disqualifications or associated party risks for Mr. Gordon James Hunter.