LEDMAR LOGISTICS LTD

Executive Summary

LEDMAR LOGISTICS LTD is a micro private company operating in freight transport by road, showing recent declines in liquidity and net assets that raise moderate solvency and operational concerns. Its filing compliance is strong, but the limited equity and concentrated ownership suggest a need for further financial and operational review before investment.

LEDMAR LOGISTICS LTD - Analysis Report

Company Number: 13122810

Analysis Date: 2025-07-20 11:26 UTC

1. Risk Rating: MEDIUM
   The company demonstrates modest net assets and working capital but has experienced a significant decline in net assets and current assets from 2024 to 2025. While still solvent, the downward trend in liquidity warrants caution.

2. Key Concerns:

• Declining Net Assets and Working Capital: Net current assets fell from £5,822 in 2024 to £617 in 2025, indicating potential liquidity strain.
• Minimal Share Capital: The company has only £1 in share capital and limited equity (£617 in 2025), which may restrict its ability to absorb financial shocks.
• Single Director and PSC Concentration: Ownership and control are concentrated with one individual, which may increase governance and operational risks including dependency on a single person.

3. Positive Indicators:

• Compliance with Filing Deadlines: Accounts and confirmation statements are up to date with no overdue filings, indicating good regulatory compliance.
• Growth in Employee Numbers: The average number of employees increased from 1 to 2, suggesting some operational expansion.
• Micro-Entity Reporting: The company benefits from simplified reporting, reducing administrative burden and costs.

4. Due Diligence Notes:

• Review cash flow statements and profit & loss details (not filed) to understand the cause of the sharp decrease in current assets and net assets.
• Investigate the nature of current liabilities to determine if any short-term debts pose refinancing or repayment risks.
• Assess the operational model and revenue sustainability given the small scale and limited equity base.
• Confirm there are no undisclosed contingent liabilities or related party transactions given single-person control.