Company Number: 15028617

Analysis Date: 2025-07-20 12:48 UTC

1. Risk Rating: LOW
   Justification: LB Procurement Services Limited is a newly incorporated private limited company (incorporated July 2023) with micro-entity status. The latest filed accounts (year ending July 2024) show positive net current assets of £10,168 and shareholders’ funds of £10,697, indicating the company is solvent at this early stage. There are no overdue filings or liquidations, and the sole director has full control, suggesting straightforward governance.

2. Key Concerns:

• Limited operating history: Incorporated less than 1.5 years ago with only one accounting period filed, limiting the ability to assess operational stability and financial trends.
• Small scale and resources: Micro-entity status with minimal fixed assets (£529) and only one employee, potentially constraining growth and operational resilience.
• Concentrated control: Single director and 100% ownership by Mr. Lee Burnard could pose governance risks if not managed properly, especially without independent oversight.

3. Positive Indicators:

• Positive net current assets and shareholders' funds indicating sufficient liquidity and solvency for the size and stage of the business.
• No overdue statutory filings (accounts or confirmation statements) demonstrating compliance with regulatory requirements.
• Clear PSC and director information with no adverse records or disqualifications noted, supporting transparent governance.

4. Due Diligence Notes:

• Review trading performance and cash flow generation since incorporation to confirm sustainability beyond the opening year.
• Assess the business model and client base underlying the SIC code 74909 (other professional, scientific and technical activities not elsewhere classified) for growth prospects.
• Verify that the director has appropriate operational and financial controls in place given the single-person management structure.
• Monitor future filings for consistency and timely compliance as the company scales.