LEEDS SPA LTD
Executive Summary
Leeds Spa Ltd is a newly incorporated small private company with limited financial history but currently maintains a positive net asset position and complies with filing requirements. While short-term solvency appears adequate, the company's minimal scale and lack of operating track record introduce some risk. Continued monitoring and detailed operational due diligence are recommended to fully assess sustainability and liquidity going forward.
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This analysis is opinion only and should not be interpreted as financial advice.
LEEDS SPA LTD - Analysis Report
Risk Rating: LOW to MEDIUM
Given the company's very recent incorporation (August 2023) and limited financial data, the solvency and liquidity risks appear low based on the current balance sheet, but the lack of historical performance and scale introduces uncertainty. The company shows positive net current assets and no overdue filings, which supports a low risk profile currently, but the early stage of operations warrants a medium caution.Key Concerns:
- Limited Operating History: The company has been trading for just over one year, so there is no track record to assess operational performance or sustainability.
- Minimal Asset Base and Working Capital: Current assets are only £502 with net current assets of £407, reflecting a very small scale operation with limited financial buffer.
- Concentration of Control: A single director owns 75-100% shares and voting rights, which may pose governance risks if not mitigated by strong internal controls.
- Positive Indicators:
- Compliance with Filing Requirements: No overdue filings for accounts or confirmation statements, indicating good regulatory compliance so far.
- Positive Net Current Assets: The company shows a positive working capital position (£407), suggesting it can meet short-term obligations at present.
- Clear Ownership and Management: The director and PSC information is transparent, with no disqualifications or governance issues noted.
- Due Diligence Notes:
- Review detailed cash flow projections and budgets to assess liquidity beyond the opening balance sheet.
- Investigate business model viability and revenue generation plans given the small asset base and limited history.
- Confirm any related party transactions or capital injections from the major shareholder/director.
- Monitor future filings for consistency and growth trends, especially profit and loss data when available.
- Assess the capabilities and track record of key management for operational stability.
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