Company Number: 14769478

Analysis Date: 2025-07-29 20:11 UTC

1. Risk Rating: LOW

Justification: MANATEE STUDIO LTD is a recently incorporated micro-entity with positive net assets and no overdue filings. The company exhibits a stable financial position with net assets increasing from £16,852 in 2024 to £21,576 in 2025. The absence of current liabilities exceeding current assets and timely compliance with statutory filing deadlines further supports a low risk rating at this stage.

2. Key Concerns:

• Single Director and Shareholder Concentration: The company is wholly controlled by one individual (Mrs. Agata Szymala), which could pose governance risks or challenges in succession planning.
• Limited Scale and Operational Data: Being a micro-entity with only one employee limits visibility on operational sustainability and growth potential.
• Absence of Profit and Loss Account Filing: The profit and loss account has not been submitted to Companies House, reducing transparency on profitability and cash flow from operations.

3. Positive Indicators:

• Positive and Growing Net Assets: The net asset base has increased year-on-year, indicating retained earnings or capital infusion.
• Current Assets Exceed Current Liabilities: The company holds net current assets of £21,576 as at 31 March 2025, reflecting good short-term liquidity.
• Compliance with Filing Requirements: Both accounts and confirmation statements are filed on time, suggesting sound regulatory compliance.
• Clear Industry Classification: The company operates in joinery installation (SIC 43320), a defined and tangible service sector.

4. Due Diligence Notes:

• Review underlying profit and loss data and cash flow statements to assess operational profitability and cash management.
• Confirm the nature and valuation of current assets, particularly cash and receivables, to verify liquidity strength.
• Understand the company's customer base, contracts, and pipeline to evaluate business sustainability.
• Assess any related party transactions or dependencies given the sole director/shareholder structure.
• Verify absence of any director disqualifications or legal proceedings against the company or its controller.
• Monitor for any future changes in company size, staffing, or financial performance as it matures beyond micro-entity status.