Company Number: 13880192

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

1. Risk Rating: HIGH
   The company's solvency and liquidity have deteriorated significantly in the latest financial year, indicating elevated risk.

2. Key Concerns:

• Severe Decline in Net Assets: Net assets plunged from £14,375 at 2023 year-end to just £977 in 2024, a drop of over 93%, which signals substantial losses or write-downs.
• Liquidity Erosion: Current assets dropped from £14,746 to £6,164, while current liabilities more than doubled from £2,665 to £6,158, resulting in negligible net current assets (£6) and tight working capital.
• Accruals and Deferred Income Growth: Accruals doubled from £720 to £1,440, suggesting increased short-term obligations or unearned income that could pressure cash flow.

3. Positive Indicators:

• No Overdue Filings: The company’s accounts and confirmation statements are filed timely, indicating compliance with regulatory requirements.
• Single Director and Sole Shareholder Controls: Mr. Darren John Michael Grealy has full control and is actively engaged, which may support swift decision-making.
• Micro-Entity Status: The company benefits from simplified reporting requirements, reducing administrative burden.

4. Due Diligence Notes:

• Investigate the Cause of the Sharp Financial Deterioration: Review detailed profit and loss data to understand the reasons for the drastic reduction in net assets and current assets.
• Cash Flow and Working Capital Management: Assess cash flow statements and payment cycles to evaluate if the company can meet ongoing short-term obligations.
• Business Sustainability and Revenue Sources: Confirm revenue trends and client base strength in the general cleaning sector to assess operational viability.
• Review Director's Conduct and Related Party Transactions: Although no disqualifications are noted, confirm there are no related party transactions or director loans impacting financials.
• Examine Accruals Composition: Clarify the nature of increased accruals/deferred income to understand potential liquidity impacts.

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