Company Number: 13481583

Analysis Date: 2025-07-29 13:33 UTC

1. Risk Rating: LOW
   Justification: The company demonstrates a positive net asset position with net assets of £10,949 as of 30 September 2024, improved from £5,844 the previous year. Current assets exceed current liabilities by a comfortable margin (£12,562 net current assets), indicating a solid short-term liquidity position. There are no overdue filings or indications of financial distress such as liquidation or administration.

2. Key Concerns:

• Director Loan Fluctuation: The director owed the company a significant amount (£9,707) in 2023, which was cleared within nine months, but there is a small balance owed to the director (£4.61) now. The fluctuations in director loans require monitoring to ensure no adverse cash flow impact.
• Limited Operational Scale: With only one employee (the director) and micro-entity status, the company’s operational capacity and revenue scale are limited, which may constrain growth and resilience.
• Lack of Audit and Profit & Loss Disclosure: As a micro-entity, the accounts are unaudited and do not include a Profit & Loss statement, limiting visibility into profitability and operational cash flow trends.

3. Positive Indicators:

• Compliance: All statutory filings including accounts and confirmation statements are up to date with no overdue returns, indicating good regulatory compliance.
• Improved Net Assets: The company’s net assets increased almost twofold in the last reported period, showing positive balance sheet growth.
• Strong Control and Continuity: Single director and sole shareholder control by Mr. Thomas Edward Scriven Baker provides clear governance and decision-making lines, reducing complexity.

4. Due Diligence Notes:

• Review detailed director loan account history to assess cash flow implications and any related party transaction risks.
• Obtain or request additional financial data such as profit & loss accounts, cash flow statements, and revenue figures to better understand business sustainability and operational performance.
• Investigate the nature of the IT consultancy activities and client base to assess revenue stability and growth prospects.
• Confirm any contingent liabilities or off-balance sheet exposures not disclosed in the micro-entity accounts.
• Evaluate the adequacy of corporate governance given the single director structure and absence of a company secretary.