Company Number: 15114048

Analysis Date: 2025-07-19 12:45 UTC

1. Risk Rating: LOW
   JJ ROOFING LTD, newly incorporated in September 2023, exhibits a low risk profile based on the available financial data and compliance status. The company is solvent with positive net current assets and shareholders’ funds, has no overdue filings, and operates under a straightforward ownership and management structure.

2. Key Concerns:

• Limited Operating History: With only 7 months of trading reflected in the accounts, there is insufficient financial history to assess long-term operational stability or profitability trends.
• No Employees Reported: The company reported zero employees during the period, which could suggest reliance on subcontractors or owner-operator status; this may impact scalability and operational continuity.
• Minimal Financial Disclosure: The company has chosen not to file a profit and loss account, limiting insight into revenue, expenses, and profitability margins.

3. Positive Indicators:

• Strong Liquidity Position: Cash balances of £45,531 exceed current liabilities of £17,891, resulting in net current assets of £27,640, indicating the company can meet short-term obligations.
• Compliance and Governance: All statutory filings, including accounts and confirmation statements, are up to date with no overdue notices or penalties recorded.
• Concentrated Control with Clear Accountability: The sole director and 75-100% shareholder is identified, simplifying decision-making and reducing governance complexity.

4. Due Diligence Notes:

• Verify the nature and sustainability of the company’s revenue streams since the profit and loss account was not filed.
• Explore the company’s business model regarding workforce—whether subcontractors are used and the associated risks.
• Obtain updated financials post-March 2024 to assess growth trajectory and operational performance beyond the initial start-up phase.
• Confirm any off-balance-sheet liabilities or contingent obligations not disclosed in the abridged accounts.
• Assess the director’s background and capacity to manage and grow the business, given sole control.