Company Number: 13952907

Analysis Date: 2025-07-20 14:37 UTC

1. Risk Rating: LOW
   JPT Altitude Ltd demonstrates a solid net asset position with positive net current assets and no overdue filings. The company’s solvency appears strong given net assets of £15,346 and net current assets of £13,776 as at May 2024, which are improvements over the prior year. The lack of audit requirement and micro-entity status is consistent with a small-scale operation.

2. Key Concerns:

• Limited scale and single employee: The company operates with only one employee (including directors), which may constrain operational capacity and scalability.
• Concentration of control: One individual (Mr Isaac James Pearson Torr) holds 75-100% ownership and voting rights, which may pose governance and succession risks.
• Incomplete financial detail: The micro-entity accounts limit insight into profitability, cash flows, and contingent liabilities, restricting a full operational risk assessment.

3. Positive Indicators:

• Strong liquidity position: Current assets significantly exceed current liabilities, indicating good short-term financial health.
• Timely statutory compliance: No overdue accounts or confirmation statements, indicating good governance and regulatory adherence.
• Improving net assets: Net assets nearly doubled from £7,734 (2023) to £15,346 (2024), suggesting retained earnings or capital injections supporting stability.

4. Due Diligence Notes:

• Verify detailed profit and loss performance and cash flow statements beyond micro-entity summary to assess operational sustainability.
• Investigate the nature of fixed assets and any intangible assets or off-balance sheet liabilities not reflected in micro accounts.
• Assess the business model and revenue streams given the diverse SIC codes ranging from sports activities to machinery repair and engine manufacture to understand operational risks and diversification.