KENSINGTON COOPERATION SERVICES LTD
Executive Summary
KENSINGTON COOPERATION SERVICES LTD is a recently formed small private company with a positive net asset position and no regulatory filing issues. Although the limited operating history and modest capital base warrant cautious monitoring, initial financial data suggests the company is solvent with adequate liquidity. Further due diligence on operational performance and governance is recommended to confirm sustainability and risk profile.
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This analysis is opinion only and should not be interpreted as financial advice.
KENSINGTON COOPERATION SERVICES LTD - Analysis Report
Risk Rating: LOW
The company shows a positive net asset position with net current assets exceeding current liabilities, indicating solvency. There are no overdue filings or indications of regulatory issues. The business is newly incorporated with a modest asset base and no audit requirement, consistent with a small entity profile.Key Concerns:
- Limited operating history: Incorporated in early 2023, the company has less than two years of trading history, which limits assessment of operational sustainability.
- Small asset and equity base: With fixed assets of £4,833 and shareholders' funds of £6,645, the company has a narrow capital cushion that could be vulnerable to adverse trading conditions or unexpected expenses.
- Concentrated control: Two individuals hold 25-50% shares and voting rights each, which may pose governance risk if their interests diverge or if there is dependency on key personnel.
- Positive Indicators:
- Positive working capital: Net current assets of £1,812 indicate the company can meet short-term liabilities comfortably.
- Compliance with filing deadlines: No overdue accounts or confirmation statements, reflecting good regulatory adherence.
- Clear accounting policies and disclosure: The abridged accounts include adequate notes on accounting policies and fixed assets, providing transparency despite limited scale.
- Due Diligence Notes:
- Review turnover and profit figures once available to assess revenue generation and profitability trends.
- Confirm the nature and sustainability of the contracts related to the SIC codes, particularly development of building projects and business support activities.
- Investigate the reason and implications of the recent company name change from "KENSINGTON CONSTRUCTION SERVICES LTD" to "KENSINGTON COOPERATION SERVICES LTD" for any strategic shift.
- Obtain background information on directors and PSCs to evaluate their experience, reputations, and any potential conflicts of interest.
- Monitor cash flow statements and bank balances in future filings to detect early signs of liquidity stress.
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