JMLK CONSTRUCTION LTD

Executive Summary

JMLK Construction Ltd is a newly established micro-entity operating in domestic building construction with compliant and timely filings. The company shows a modest but positive financial position with concentrated ownership and limited operating history. Continued monitoring of financial performance and governance is advised to ensure operational stability and mitigate emerging risks.

JMLK CONSTRUCTION LTD - Analysis Report

Company Number: 15613793

Analysis Date: 2025-07-29 12:24 UTC

1. Risk Rating: LOW
   JMLK Construction Ltd is a newly incorporated micro-entity with modest net assets and no overdue filings. The company shows a positive net current asset position and no indications of insolvency or compliance issues, which supports a low risk assessment at this early stage.

2. Key Concerns:

• Limited operating history: Incorporated in April 2024, the company has only one year of financial data, limiting the ability to assess long-term stability or performance trends.
• Modest net assets and working capital: Net assets stand at £2,173 with net current assets at £3,129, indicating a very small financial buffer to absorb shocks or unforeseen liabilities.
• Concentration of control: Two directors each hold 25-50% shares and voting rights, suggesting decision-making is concentrated, which may increase governance risks if conflicts arise.

3. Positive Indicators:

• Compliance with filing requirements: Both annual accounts and confirmation statements are filed on time with no overdue notices, indicating good regulatory compliance.
• Positive net current assets: Current assets exceed current liabilities by £3,129, demonstrating short-term liquidity sufficient to meet obligations due within one year.
• Micro-entity accounting: Adoption of micro-entity reporting under FRS 105 simplifies financial statements and reduces compliance costs, appropriate for the company’s size and scale.

4. Due Diligence Notes:

• Confirm revenue and profitability details: As the profit and loss account was not filed publicly, inquire about the company’s income, margins, and cash flow to better assess operational viability.
• Review director backgrounds and expertise: Both directors are bricklayers by occupation; evaluate their experience in managing a construction business and corporate governance capabilities.
• Monitor financial progression: Track filings and financial statements in subsequent years to observe growth trajectory, asset accumulation, and any emerging liabilities or risks.