Company Number: 14406175

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

1. Risk Rating: HIGH
   The risk rating is high primarily due to the minimal financial footprint evidenced by only £1 in current assets and net assets, which indicates an extremely limited financial base. The company is newly incorporated (since October 2022) and has not demonstrated operational scale or financial robustness.

2. Key Concerns:

• Minimal Financial Resources: The balance sheet shows only £1 in cash and net assets, suggesting no meaningful capital or working capital to meet obligations or fund operations.
• Lack of Operational History and Scale: Incorporated in late 2022 with just one employee and no reported turnover or liabilities, indicating the company is at a nascent stage with uncertain operational viability.
• Concentration of Control: Single director and sole shareholder with full control may pose governance risks, especially in absence of independent oversight or evidence of sound corporate governance practices.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statement filings are up to date and not overdue, reflecting adherence to statutory obligations.
• Clear Ownership Structure: The sole person with significant control is identified, providing transparency on ownership and control.
• No Indication of Insolvency or Legal Issues: The company is active with no liquidation, administration, or receivership proceedings reported.

4. Due Diligence Notes:

• Financial Performance and Cash Flow: Investigate any trading activity, revenue generation, and cash flow beyond the nominal cash balance reported.
• Business Model and Pipeline: Clarify the operational plan, client base, contracts, or projects underway in the plastering and construction sectors.
• Director Background and Capacity: Review the director’s experience, financial standing, and ability to sustain operations, including any related party transactions.
• Future Funding Plans: Assess whether there is secured or anticipated capital injection to support growth or cover liabilities.