LARACH (HOLDINGS) LTD

Executive Summary

LARACH (HOLDINGS) LTD shows a low risk profile based on current financial data, with strong liquidity and no compliance issues. However, limited financial history and concentration of control warrant cautious monitoring. Further due diligence on asset composition and governance is recommended to confirm operational stability.

LARACH (HOLDINGS) LTD - Analysis Report

Company Number: NI687642

Analysis Date: 2025-07-29 20:52 UTC

1. Risk Rating: LOW
   LARACH (HOLDINGS) LTD demonstrates a solid liquidity position with net current assets significantly exceeding current liabilities, consistent growth in net assets, and no overdue filings. The company is active with no indication of insolvency or financial distress.

2. Key Concerns:

• Limited financial history: Incorporated in 2022, the company has only two full years of financial data, which may limit trend analysis and forecasting reliability.
• Micro-entity exemption and unaudited accounts: The financial statements are unaudited and prepared under micro-entity provisions, which may reduce the robustness of financial disclosures.
• Single Director and Shareholder Structure: Mr. Gary McKillion holds 75-100% ownership and voting rights, concentrating control and potentially increasing governance risk.

3. Positive Indicators:

• Strong liquidity with net current assets of £98,040 against current liabilities of £1,006 as of March 2024, indicating capacity to meet short-term obligations.
• Growing net assets and shareholders’ funds from £49,596 in 2023 to £97,290 in 2024, suggesting capital injection or retained earnings growth.
• Timely filing of accounts and confirmation statements with no overdue returns, reflecting compliance with regulatory requirements.
• Operating as a holding company in the construction sector, which typically involves asset backing and potential for diversified income streams.

4. Due Diligence Notes:

• Review underlying assets and source of increase in net assets and current assets to verify sustainability and nature (e.g., cash injections, intercompany balances, receivables).
• Confirm absence of related party transactions or contingent liabilities that may not be fully disclosed in micro-entity accounts.
• Assess governance controls given single director and shareholder setup, including any director conduct records or conflicts of interest.
• Verify operational activities behind the holding company classification to understand business strategy and revenue streams.
• Monitor future filings for audit exemption continuation or changes in accounting policies that may affect transparency.