J. BUCKINGHAM RENDERING, RENOVATIONS & PLASTERING SPECIALIST LTD

Executive Summary

J. Buckingham Rendering, Renovations & Plastering Specialist Ltd is a small, single-director company with improving but limited financial resources. While statutory compliance is current and the business exhibits some solvency recovery, its modest equity, notable long-term liabilities, and operational dependence on one individual imply moderate risk to investors. Further due diligence on debt terms and cash flow is recommended to fully assess financial stability.

J. BUCKINGHAM RENDERING, RENOVATIONS & PLASTERING SPECIALIST LTD - Analysis Report

Company Number: 13437135

Analysis Date: 2025-07-20 16:39 UTC

1. Risk Rating: MEDIUM
   The company shows some improvement in net assets and working capital in the latest year but remains a micro-entity with modest financial resources. The presence of significant liabilities falling due after one year and the limited equity base indicate moderate solvency risks typical of a small, single-director business in a niche trade.

2. Key Concerns:

• Solvency and Leverage: The company moved from net current liabilities to modest net current assets (£2,451) in 2024, but long-term creditors of £12,030 are significant relative to net assets (£6,770), raising concerns about ability to service debt.
• Limited Financial Cushion: Share capital of £1 and relatively low net assets restrict the company’s ability to absorb unexpected losses or operate with financial flexibility.
• Single Employee/Director Dependency: The company employs just one person (the director), indicating operational dependency on a single individual, which may impact business continuity and scalability.

3. Positive Indicators:

• Improved Financial Position: Compared with prior years, the 2024 accounts show a positive turnaround from net current liabilities to net current assets and an increase in net assets from £123 to £6,770.
• Current Filing Status: All accounts and confirmation statements are up to date, indicating compliance with statutory requirements and good governance practices.
• Stable Industry Classification: Operating in plastering, a consistent demand trade, potentially providing steady revenue streams with local market stability.

4. Due Diligence Notes:

• Investigate the nature and terms of the £12,030 long-term liabilities to assess repayment schedules and potential covenant risks.
• Review cash flow statements and bank statements to understand liquidity dynamics beyond balance sheet snapshots.
• Clarify whether the company has any contingent liabilities or off-balance sheet commitments.
• Evaluate the business model’s sustainability given it is operated by a single plasterer and the potential for scaling or diversification.
• Confirm whether any director-related transactions or loans exist, given the small equity base and director’s occupation.