Company Number: 13886311

Analysis Date: 2025-07-29 19:23 UTC

1. Risk Rating: LOW
   J V Plastering Services Limited demonstrates a solid net asset position, positive working capital, and no indication of overdue filings or insolvency proceedings. The company’s micro-entity status and recent incorporation (2022) mean limited financial history, but current data suggests financial stability.

2. Key Concerns:

• Director's Loan Account: The director, Jonathan Voss, has an outstanding loan balance of £18,809 at year end, which requires monitoring as it may affect liquidity depending on repayment terms.
• Limited Scale and Employee Base: With only one employee and micro-entity classification, operational capacity and scalability may be constrained, posing risks if business volumes fluctuate.
• Lack of Audit and Limited Financial Disclosure: As a micro-entity exempt from audit, financial statements are unaudited and brief, limiting deeper insight into profitability, cash flow, and operational risks.

3. Positive Indicators:

• Strong Net Current Assets: The company’s net current assets increased to £23,997 in 2024 from £3,785 in 2023, indicating improved short-term liquidity.
• Growing Net Assets: Shareholders’ funds more than doubled year-on-year from £15,812 to £36,599, reflecting business growth or capital injection.
• Compliance with Filing Deadlines: No overdue accounts or confirmation statements were noted, suggesting good regulatory compliance and governance.
• Single Controlling Director and PSC: Clear ownership and control by Jonathan Voss (75-100% shares and voting rights) simplifies decision-making and accountability.

4. Due Diligence Notes:

• Review the director’s loan agreement terms to assess repayment schedule, interest, and any potential impact on cash flow.
• Obtain management accounts or detailed profit and loss statements to evaluate profitability trends and operational performance not visible in micro-entity filings.
• Consider market position and client base stability to assess sustainability given the small size and limited employee count.
• Confirm there are no contingent liabilities or legal issues not disclosed in the filed statements.
• Verify that the company’s accounting records adequately support the financial statements, given the exemption from audit.