Company Number: 14113203

Analysis Date: 2025-07-20 18:48 UTC

1. Risk Rating: LOW
   The company exhibits a solid net asset position with positive net current assets and no overdue filings. The financials indicate growth and stable equity, supporting its ability to meet obligations.

2. Key Concerns:

• Limited Historical Data: Incorporated in 2022, the company has a short trading history, limiting trend analysis.
• Concentration of Control: One individual holds 75-100% control which may pose governance risks if not balanced.
• Modest Scale: As a micro-entity with only 3 employees and relatively small asset base, it may be vulnerable to market or operational shocks.

3. Positive Indicators:

• Improved Financial Position: Net assets increased from £14,152 (2023) to £51,352 (2024), with net current assets rising to £11,096, reflecting better liquidity.
• No Overdue Filings: Accounts and confirmation statements are up-to-date, indicating compliance discipline.
• Operational Growth: Employee count increased from 2 to 3, suggesting expansion.

4. Due Diligence Notes:

• Review detailed profit and loss account and cash flow statements (not provided) to assess operational profitability and cash flow.
• Investigate the nature of fixed asset increases (from £16k to £40k) to understand capital expenditure and impact on liquidity.
• Confirm the relationship and agreements with Rapid Repair Centre Limited (25-50% shareholder) to evaluate financial and operational dependencies.
• Assess director governance practices given majority control by a single director and recent resignations of two directors.