JOSHUA VENEZUELA RESOURCE LIMITED

Executive Summary

JOSHUA VENEZUELA RESOURCE LIMITED is a recently incorporated micro-entity operating in the temporary employment sector. Its financial position at the latest year-end shows modest positive net assets and compliance with filing obligations, but limited financial history and small asset base present challenges for confident risk assessment. Clarification of ownership structure and operational cash flows is recommended to better understand the company’s financial resilience and governance framework.

JOSHUA VENEZUELA RESOURCE LIMITED - Analysis Report

Company Number: 14419549

Analysis Date: 2025-07-29 12:49 UTC

1. Risk Rating: MEDIUM
   The company shows positive net current assets and net assets, indicating solvency at the balance sheet date; however, the financial scale is very small and limited to a single accounting period since incorporation, which increases uncertainty about operational stability and cash flow sufficiency.

2. Key Concerns:

• Limited financial history: Incorporated in October 2022 with only one year of filed accounts, making trend analysis and risk assessment challenging.
• Micro-entity scale with minimal assets (£2,836 current assets) and modest net assets (£2,297), raising questions about the sufficiency of resources to withstand adverse events or growth demands.
• Significant shareholder concentration: Two individuals reported as PSCs with overlapping share ownership claims (both 75-100%), potentially reflecting complexity or inconsistencies in control structure that merits clarification.

3. Positive Indicators:

• Positive net current assets and net equity position suggest the company is solvent at the latest reporting date.
• No overdue filings for accounts or confirmation statements, indicating compliance with statutory requirements.
• Business activity classified under SIC 78200 (temporary employment agency activities), a potentially scalable service sector with recurring revenue opportunities.
• Average reported employee count of 32 demonstrates operational scale beyond a typical micro-entity, suggesting active business operations.

4. Due Diligence Notes:

• Verify the apparent discrepancy in PSC share ownership declarations since both PSCs claim 75-100% ownership; clarify ownership structure and voting rights to assess governance risk.
• Obtain management accounts or cash flow statements to assess liquidity and operational cash generation beyond the balance sheet snapshot.
• Review contracts or client base to evaluate business sustainability in the temporary employment sector.
• Confirm the accuracy of employee numbers and payroll obligations to assess ongoing cost commitments.
• Investigate any associated party transactions or director loans not disclosed in the micro-entity accounts.