Company Number: 13450961

Analysis Date: 2025-07-29 13:13 UTC

1. Risk Rating: MEDIUM
   The company shows a modest positive net asset position as of the latest accounts (June 2024), indicating solvency at a micro-entity scale. However, the small scale of operations and limited financial buffer suggest moderate risk, especially given fluctuations in net current assets year-over-year.

2. Key Concerns:

• Thin working capital: Net current assets improved to £1,174 in 2024 from a negative £3,671 in 2023, but remain very low, indicating tight liquidity and limited ability to absorb financial shocks.
• Small scale and minimal equity: Share capital and shareholder funds are minimal (£1.00 share capital; £1,174 equity), reflecting limited financial resources and potentially limited access to external funding.
• Single director and employee: The company is managed and operated by one individual, which could pose continuity and governance risks if that person is unavailable or disengaged.

3. Positive Indicators:

• Up-to-date filings: No overdue accounts or confirmation statements, suggesting compliance with statutory regulatory requirements and good governance practices.
• Improved liquidity position: The increase in net current assets from negative in 2023 to positive in 2024 indicates some operational improvement or better working capital management.
• Consistent operation since 2021: The company has been active for nearly three years with consistent reporting, which suggests operational stability at a micro level.

4. Due Diligence Notes:

• Review detailed cash flow and profit & loss accounts: To assess operational profitability and cash generation beyond balance sheet snapshots.
• Investigate customer base and contract stability: To understand revenue sustainability given the company's small size and sector (construction installation).
• Assess director background and capacity: Given the single director structure, evaluate his experience, financial commitment, and contingency planning for management continuity.
• Confirm absence of contingent liabilities or off-balance sheet obligations: The micro-entity accounts may not fully disclose all liabilities that could impact solvency.