Company Number: 14779734

Analysis Date: 2025-07-20 16:16 UTC

1. Risk Rating: MEDIUM

Justification: M6 Auto Care Ltd is a newly incorporated company (2023) with modest net assets (£902) and positive net current assets (£489), indicating a basic ability to meet short-term liabilities. However, the low absolute asset base and limited financial history constrain a full assessment of operational sustainability and solvency over time.

2. Key Concerns:

• Limited Financial Scale: The company’s total current assets (£4,393) and net assets (£902) are very small, which may limit resilience to unexpected expenses or downturns.
• Working Capital Tightness: Current liabilities are £3,904 against current assets of £4,393, resulting in a very narrow margin (£489) for operational liquidity.
• Single Director and Shareholder Control: Mr. Jerome Barry Noonan holds full ownership and control, which may concentrate decision-making risk and reduce governance oversight.

3. Positive Indicators:

• Compliance and Timely Filings: The company’s accounts and confirmation statement are up to date with no overdue filings, suggesting good regulatory compliance.
• Positive Net Current Assets: Despite small scale, the company maintains a positive working capital position, indicating it can currently cover short-term obligations.
• Clearly Defined Accounting Policies: The financial statements are prepared under FRS 102 and small companies regime, with appropriate disclosure of accounting policies, showing adherence to accounting standards.

4. Due Diligence Notes:

• Review Cash Flow Patterns: Investigate the company’s cash flow statement and turnover trends to assess operational liquidity and sustainability beyond the snapshot balance sheet.
• Verify Revenue Streams and Client Base: Understand the nature and stability of the company’s income given the SIC code (maintenance and repair of motor vehicles) and the early stage of the business.
• Assess Director Background: Although no disqualifications are noted, further background checks on Mr. Noonan’s experience and reputation would be prudent given the single-person control structure.