Company Number: 14517022

Analysis Date: 2025-07-19 11:53 UTC

1. Risk Rating: LOW
   ICO ROOFING LTD is a newly incorporated private limited company (Nov 2022) with its first set of filed accounts as of Nov 2023. The financials show a modest positive net asset position (£4,945) and net current assets (£4,945). There are no overdue filings or indications of distress. The company operates in the roofing sector (SIC 43910) and currently employs three people. Given the small scale and clean compliance record, the immediate financial risk appears low.

2. Key Concerns:

• Limited financial history: Only one year of accounts, making trend analysis or longer-term viability assessment impossible.
• Minimal capital base: Called-up share capital is £1 and net assets under £5,000, which is very modest and could limit ability to absorb operational shocks.
• Tax liabilities: Current liabilities consist solely of taxation and social security (£2,450), which should be monitored to avoid payment issues.

3. Positive Indicators:

• Compliance: No overdue accounts or confirmation statement filings, indicating good regulatory compliance.
• Positive working capital: Current assets exceed current liabilities, suggesting the company can meet short-term obligations.
• Ownership and control: Single director and 75-100% controlling shareholder are the same person, which may streamline decision-making and accountability.

4. Due Diligence Notes:

• Review cash flow statements or management accounts to confirm liquidity beyond the year-end snapshot of £7,395 cash.
• Investigate client contracts or order book size to assess operational sustainability and revenue prospects.
• Confirm no undisclosed liabilities or contingent risks beyond the tax and social security creditor noted.
• Monitor any changes in director appointments or shareholder structure that could impact governance or control.