Company Number: 13248843

Analysis Date: 2025-07-20 17:55 UTC

1. Risk Rating: MEDIUM
   The company shows a decline in net assets and net current assets in the latest year, which raises moderate concern about its solvency and liquidity. However, it remains solvent with positive net assets and current assets exceeding current liabilities.

2. Key Concerns:

• Significant reduction in net assets from £60,620 (2023) to £19,164 (2024), indicating possible operational losses or asset write-downs.
• Decrease in current assets, especially trade debtors and stock, which may suggest reduced sales or collection issues.
• Increased relative importance of taxation and social security creditors (£27,005 in 2024), which could impact cash flows and regulatory compliance.

3. Positive Indicators:

• The company remains active, with no overdue accounts or confirmation statements, indicating compliance with filing obligations.
• Positive net current assets (£11,746) and net assets (£19,164) demonstrate ongoing solvency at the balance sheet date.
• Directors have relevant industry experience (window manufacturing), supporting operational understanding.

4. Due Diligence Notes:

• Investigate reasons for the steep decline in net assets and retained earnings between 2023 and 2024, including review of profit and loss details not included in the filed accounts.
• Assess cash flow trends and working capital management, given the reduction in cash and trade debtors.
• Confirm status and terms of hire purchase contracts and other long-term liabilities to understand future cash obligations.
• Evaluate potential tax liabilities given the sizeable taxation and social security creditors.
• Review any contingent liabilities or off-balance sheet risks not disclosed in the abbreviated accounts.