Company Number: 13106605

Analysis Date: 2025-07-20 11:14 UTC

1. Risk Rating: LOW
   The company demonstrates a positive net asset position and net current assets over recent years, with cash levels exceeding current liabilities. There are no overdue filings or indications of regulatory non-compliance. These factors collectively indicate a low risk of insolvency or liquidity distress.

2. Key Concerns:

• Limited Scale of Operations: The absolute figures for assets and liabilities are very modest, reflecting a micro-sized operation which may be vulnerable to market fluctuations or operational challenges.
• Lack of Revenue and Profit Data: The available data does not provide turnover or profit figures, limiting the ability to assess operational profitability or sustainability fully.
• Director-Only Workforce: The company has no employees other than the director, who also received no remuneration in the last reported year, which may indicate limited operational capacity or investment in growth.

3. Positive Indicators:

• Strong Liquidity Position: Cash at bank consistently exceeds current liabilities, indicating good short-term liquidity and ability to meet obligations as they fall due.
• Timely Filing and Compliance: All statutory accounts and confirmation statements are up to date with no overdue filings or penalties, reflecting sound governance and compliance practices.
• Positive Net Assets Growth: Net assets have increased modestly from £1,388 in 2020 to £3,158 in 2023, demonstrating some accumulation of retained earnings or capital.

4. Due Diligence Notes:

• Obtain detailed income statement and cash flow data to evaluate revenue trends, profitability, and cash generation capacity.
• Clarify the nature and sustainability of the company’s revenue streams in the wholesale electronics sector, including customer concentration and supplier relationships.
• Investigate the absence of director remuneration and the lack of employees to understand operational model and potential risk of underinvestment.
• Confirm the absence of contingent liabilities or off-balance sheet exposures not captured in the filed accounts.
• Review any related party transactions or dependencies on the director or controlling parties.