Company Number: SC725116

Analysis Date: 2025-07-20 14:38 UTC

1. Risk Rating: MEDIUM
   Jtmasonry Ltd exhibits a modest net asset position and positive working capital, indicating its ability to meet short-term obligations. However, the very limited equity base, declining net assets over recent years, and minimal fixed assets suggest constraints on financial resilience and potential vulnerability to operational shocks.

2. Key Concerns:

• Declining Net Assets: Net assets decreased from £2,697 in 2024 to £1,203 in 2025, reflecting a deterioration in financial strength that may impact solvency if the trend continues.
• Low Equity and Share Capital: Share capital is nominal (£10), and shareholders’ funds are minimal, offering limited buffer against losses or unexpected expenses.
• Limited Operational Scale: With only one employee (the director), very small asset base, and no indication of turnover or profit figures disclosed, the company’s operational sustainability is uncertain.

3. Positive Indicators:

• Positive Net Current Assets: Working capital remains positive (£1,078 in 2025), suggesting the company can cover its short-term liabilities.
• Compliance and Filing: Accounts and confirmation statement are filed on time, demonstrating regulatory compliance and good governance.
• Clear Ownership and Control: One director and sole shareholder with full control simplifies governance and decision-making.

4. Due Diligence Notes:

• Review Profit & Loss Data: The abridged accounts omit profit and loss details; obtaining these is critical to assess profitability and cash flow trends.
• Assess Turnover and Contracts: Clarify revenue streams and contract stability in the stone cutting and finishing sector (SIC 23700).
• Investigate Capital Adequacy: Determine if additional funding or shareholder support is planned to strengthen the equity base.
• Evaluate Director’s Background: Confirm no adverse records or disqualifications for the sole director, Mr Jamie Edward Turner.