Company Number: 13680115

Analysis Date: 2025-07-29 16:57 UTC

1. Risk Rating: MEDIUM

The company MASTER POL PLUS LTD shows recent improvement in financial position, moving from net current liabilities and negative net assets to slight positive net assets and net current assets as of 31 March 2024. However, the absolute values are minimal, and cash balances remain very low, indicating limited financial buffer. The company is also very young (incorporated in 2021), operating in construction of domestic buildings, a sector with inherent operational risks.

2. Key Concerns:

• Low Liquidity and Cash Reserves: Cash at bank increased from £100 to £1,585 over the year, which is positive but still very low relative to current liabilities (£1,485). This tight liquidity position could cause difficulties in meeting short-term obligations or unexpected expenses.

• Minimal Net Asset Base: Shareholders’ funds improved from negative (£1,125) to positive £100, but this is marginal and suggests the company is still fragile financially with little equity cushion.

• Director Loan and Related Party Transactions: In the prior year, there was a director loan of £1,225 classified as current liability, which disappeared in the latest accounts. This could indicate repayment or reclassification, but warrants further investigation for financial stability and governance.

3. Positive Indicators:

• Improved Financial Position: The company has moved from negative net assets and net current liabilities to slightly positive net assets and net current assets in the latest financial year, suggesting some operational progress or capital injection.

• Compliance and Timely Filings: Accounts and confirmation statements are filed on time with no overdue filings, indicating adherence to statutory compliance.

• Stable Management Control: The sole director and significant controller, Mr. Ryszard Malas, has been consistent since incorporation, which could indicate stable governance at the leadership level.

4. Due Diligence Notes:

• Examine Cash Flow and Working Capital Trends: Review detailed cash flow statements and creditor aging to assess real liquidity and cash conversion cycle.

• Clarify Director Loan Movements: Investigate the disappearance of the director loan liability from 2023 to 2024 to understand if it was repaid, written off, or converted into equity.

• Assess Business Operations and Contracts: Obtain information on the company’s order book, client base, and contract terms to evaluate sustainability and operational risk in the construction sector.

• Review Financial Projections and Capital Plans: Since the company is young and near break-even on net assets, understanding future funding plans or capital injections is critical.

• Check for Any Legal or Regulatory Issues: Although no disqualifications or insolvency indicators are present, confirm no pending litigations or regulatory actions that could impact financial stability.

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