Company Number: 13821161

Analysis Date: 2025-07-20 12:05 UTC

1. Risk Rating: LOW to MEDIUM
   MASON FIRE LTD demonstrates stable net current assets and positive net equity, indicating ability to meet short-term obligations. However, the company is relatively new (incorporated late 2021), small in scale (micro entity), and shows a reduction in net assets in the latest year, warranting moderate caution.

2. Key Concerns:

• Declining Net Assets: Net assets decreased from £54,531 in 2022 to £43,494 in 2023, a drop of approximately 20%, which could signify emerging profitability or capital retention issues.
• Limited Scale and Employee Base: The company operates as a micro entity with only one employee, which may limit operational resilience and capacity to scale.
• Long-Term Creditors: Presence of £9,009 creditors falling due after one year in 2023 (absent in prior year) raises questions about long-term liabilities and financing arrangements that require scrutiny.

3. Positive Indicators:

• Positive Working Capital: Net current assets remain healthy (£52,503 in 2023), indicating good short-term liquidity and an ability to cover immediate liabilities.
• No Overdue Filings: Both accounts and confirmation statement filings are up to date, reflecting regulatory compliance and good governance practices.
• Single Controlling Director/Shareholder: Clear ownership and control by Mr. Anatoli Mascalenco may facilitate swift decision-making and accountability.

4. Due Diligence Notes:

• Examine Reasons for Net Asset Decline: Review profit and loss details to understand causes behind the reduction in equity and assess profitability trends.
• Assess Nature and Terms of Long-Term Creditors: Investigate the £9,009 creditors due after one year to understand financial commitments and potential risks.
• Evaluate Cash Flow Patterns: Although current assets exceed current liabilities, cash conversion cycles and debtor aging should be reviewed for liquidity risks.
• Review Director’s Background and Capacity: Given sole director and shareholder status, consider the experience and management capacity of Mr. Mascalenco for operational sustainability.
• Confirm Absence of Contingent Liabilities or Off-Balance Sheet Items: Micro-entity accounts may omit detail; further inquiry into contractual obligations is advisable.