Company Number: 15046681

Analysis Date: 2025-07-19 12:41 UTC

1. Risk Rating: LOW

The company is newly incorporated (August 2023) with its first accounts filed timely and showing positive net current assets and net assets. There are no overdue filings or indications of financial distress. The small scale of operations and minimal liabilities reduce immediate solvency and liquidity concerns.

2. Key Concerns:

• Limited operational history: Incorporated less than two years ago with no turnover disclosed, which limits the ability to assess ongoing business viability.
• Concentration of control: A single individual (Mr. Jay Robert Bishop) holds majority shareholding and directorship, which could pose governance risks if not balanced.
• Minimal capital base: Share capital is nominal (£1) with limited financial buffer, which could constrain the company’s ability to absorb losses or fund growth.

3. Positive Indicators:

• Positive working capital: Net current assets of £7,325 indicate the company can currently meet short-term obligations.
• Compliance: No overdue accounts or confirmation statements, demonstrating adherence to statutory filing requirements.
• Clear accounting policies and preparation under UK GAAP for small entities, indicating proper financial reporting practices.

4. Due Diligence Notes:

• Verify nature and collectability of debtors (£9,784), as all current assets are debtors and no cash is reported.
• Assess business plan and revenue generation prospects given no turnover is reported and the company operates in real estate renting under SIC 68201.
• Review director’s background and capacity to manage the company, particularly given their primary occupation is listed as taxi driver.
• Confirm related party transactions or loans that might affect financial stability.