Company Number: SC786332

Analysis Date: 2025-07-29 12:25 UTC

1. Risk Rating: LOW to MEDIUM
   The company is newly incorporated (October 2023) and currently active. It has filed timely accounts and confirmation statements, indicating compliance with regulatory requirements. The balance sheet shows modest positive net current assets (£3,263) and net assets (£508), but the scale is very small. Given its micro-entity status and early stage, the financial data is limited, but no immediate solvency or liquidity red flags are evident.

2. Key Concerns:

• Limited Financial History: Being less than one year old, the company lacks historical financial performance data, which increases uncertainty regarding operational stability and future cash flows.
• Very Small Capital Base: Net assets of £508 and minimal current assets (£3,858) suggest low financial buffer against unexpected costs or liquidity demands.
• Concentration of Control: Single director and 75-100% shareholder control by Mrs. Moira Lorimer may pose governance risks, including lack of independent oversight.

3. Positive Indicators:

• Regulatory Compliance: No overdue filings; accounts and confirmation statements filed on time, illustrating good governance practices.
• Positive Net Current Assets: Current assets exceed current liabilities, indicating the company can meet short-term obligations as of the last reporting date.
• Clear Ownership and Management: Full transparency on ownership and director details with no disqualifications or adverse records noted.

4. Due Diligence Notes:

• Investigate the business model and cash flow projections to assess sustainability beyond the first year.
• Review any off-balance sheet liabilities or contingent risks not visible in micro-entity accounts.
• Confirm absence of any related party transactions or director loans that might impact financial stability.
• Monitor ongoing compliance and filing status to ensure continued regulatory adherence.
• Assess market conditions and competitive landscape for the cleaning services sector in Dundee to gauge operational risks.