Company Number: OC437813

Analysis Date: 2025-07-29 13:15 UTC

1. Risk Rating: LOW
   Make Photography LLP demonstrates a solid liquidity position with current assets significantly exceeding current liabilities. The company is compliant with filing requirements and shows no signs of financial distress or regulatory issues.

2. Key Concerns:

• Limited scale and scope: The LLP has no employees and operates with relatively small asset and cash balances, which may limit operational resilience.
• Dependence on member loans: The entire net assets are represented by loans and debts due to members, which could pose risks if members withdraw support.
• Absence of profitability data: The exemption from delivering the Income Statement means no explicit profit or loss figures are available, limiting insight into operational performance.

3. Positive Indicators:

• Strong liquidity: Cash of £31,640 against current liabilities of only £457 as of 31 March 2024 indicates healthy short-term financial stability.
• Compliance: Accounts and confirmation statements are filed on time with no overdue filings or penalties.
• No external debt: The LLP has no trade creditors and minimal tax/social security liabilities, minimizing external financial pressure.

4. Due Diligence Notes:

• Review underlying contracts or agreements for member loans to assess the conditions and potential repayment risks.
• Obtain or request management accounts or other internal financial data to understand profitability and cash flow trends given the absence of reported Income Statement.
• Validate the nature of debtors and confirm collectability of the £1,000 shown as current asset.
• Investigate business model sustainability given no employees and limited fixed assets, to confirm ongoing operational viability.