Company Number: 14597164

Analysis Date: 2025-07-29 13:21 UTC

1. Risk Rating: LOW
   The company demonstrates positive net assets, a healthy cash position, and no overdue filings. As a recently incorporated private limited company with growing equity and current liquidity well in excess of current liabilities, there is minimal immediate solvency or liquidity risk evident.

2. Key Concerns:

• Reliance on a single director and shareholder (Mr. Christopher Martin McLernon), which may raise governance and operational continuity concerns.
• The director’s primary occupation is pharmacist, potentially indicating limited direct experience in IT consultancy, which could affect operational stability.
• Presence of a director’s loan account balance (£1,412) within current liabilities requires clarification to assess related-party financing risks.

3. Positive Indicators:

• Consistent increase in net assets from £15,154 (2023) to £29,204 (2025), indicating profitability and retained earnings growth.
• Strong liquidity position with cash balances of £45,600 against current liabilities of £19,644 as of January 2025, providing comfortable short-term funding.
• No overdue statutory filings (accounts and confirmation statements), reflecting good regulatory compliance and governance practices.
• Company operates in a clearly defined SIC code (62020 - IT consultancy), with an active website and contact details, supporting operational transparency.

4. Due Diligence Notes:

• Review the nature and terms of the director’s loan account to understand any contingent liabilities or repayment obligations.
• Confirm the company’s turnover, profit margins, and cash flow trends beyond balance sheet data to better assess operational sustainability.
• Investigate the director’s expertise and involvement in the IT consultancy business to evaluate management capability.
• Monitor ongoing compliance with filing deadlines and any changes in company status or control.
• Assess the company’s client base and contract stability given its recent incorporation in 2023.