MAYFIELDS GROUP LIMITED
Executive Summary
MAYFIELDS GROUP LIMITED is a newly formed micro-entity with a clean compliance record and modest positive net assets. While the company currently shows low operational activity and is fully controlled by a single director, there are no immediate solvency or liquidity concerns. Further investigation into its business plans and financial forecasts is recommended to assess its medium-term operational viability.
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This analysis is opinion only and should not be interpreted as financial advice.
MAYFIELDS GROUP LIMITED - Analysis Report
Risk Rating: LOW
MAYFIELDS GROUP LIMITED is a recently incorporated micro-entity with a positive net asset position and no overdue filings. The financials indicate a modest but positive working capital and shareholders’ funds, reflecting initial capital injection and minimal liabilities. The company is currently active and compliant with filing deadlines, supporting a low immediate risk profile.Key Concerns:
- Limited Operational History: Incorporated in September 2023 and with accounts for one financial period only, the company’s operational track record is minimal, limiting insight into ongoing business performance and sustainability.
- No Employees and Limited Activity: The company reported zero employees and minimal current assets (£2,531), suggesting a very early stage or dormant operational status that could delay revenue generation or growth.
- Director Concentration and Control: The sole director and shareholder is Mr. Clement Paul Albert Marie Audibert, who holds 75-100% control. This concentration poses governance risks if succession or control issues arise, although currently not a red flag.
- Positive Indicators:
- Compliance and Good Standing: All statutory filings, including accounts and confirmation statements, are up to date with no overdue reports or penalties.
- Positive Net Current Assets and Net Assets: The company shows net current assets of £1,365 and net assets of £1,465, indicating a solvent position at the period end.
- Going Concern Statement: The director has confirmed ongoing support for the foreseeable future, and the accounts reflect preparation on a going concern basis, which is reassuring for continuity.
- Due Diligence Notes:
- Business Model and Revenue Streams: Clarify the nature of activities under SIC code 66220 (insurance agents and brokers) and confirm if the company has commenced trading or secured clients since incorporation.
- Financial Projections and Funding: Obtain cash flow forecasts and any planned capital injections or financing arrangements to assess liquidity over the next 12 months.
- Director Background and Related Party Transactions: Review the director’s business history and any transactions between the company and the director or related entities to identify potential conflicts or financial dependencies.
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