Company Number: 13800485

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

1. Risk Rating: LOW
   The company demonstrates a solid net asset position with positive working capital and no overdue filings. Its micro-entity status limits complexity, and there is no indication of insolvency or administrative issues.

2. Key Concerns:

• Reliance on two directors who also hold significant control may pose governance concentration risk.
• The company carries a notable amount of long-term liabilities (£36,676) relative to net assets, warranting review of debt servicing capacity.
• Limited financial history (incorporated late 2021) restricts trend analysis and may conceal early-stage operational risks.

3. Positive Indicators:

• Consistent growth in net assets from £11,107 in 2022 to £44,251 in 2023 indicates improving financial stability.
• Healthy net current assets of £55,939 in 2023 suggest strong short-term liquidity.
• Compliance is up to date with no overdue accounts or confirmation statements, reflecting sound regulatory adherence.

4. Due Diligence Notes:

• Examine the nature and terms of the long-term liabilities to assess repayment risk and impact on cash flows.
• Review director backgrounds and any potential conflicts of interest due to their dual role as PSCs and directors.
• Request management accounts or cash flow forecasts to confirm operational sustainability beyond balance sheet figures.
• Verify the completeness and accuracy of financial disclosures given exemption from audit.