Company Number: 15126642

Analysis Date: 2025-07-20 11:46 UTC

1. Risk Rating: LOW
   MESA12 LTD is a newly incorporated private limited company with modest but positive net assets and no overdue filings. The financial data shows positive working capital and equity, indicating initial solvency and compliance with statutory requirements. The company operates in a low-risk sector (hairdressing and beauty treatment) and has no signs of distress or regulatory non-compliance.

2. Key Concerns:

• Limited Operating History: Incorporated in September 2023, the company has just completed its first financial year, so there is limited financial history to assess operational sustainability and growth trajectory.
• Modest Financial Scale: Net assets of £489 and cash balance of £2,083 are minimal, which may constrain the company’s ability to absorb shocks or invest in expansion without additional funding.
• Single Director and Shareholder Concentration: Control is held 100% by one individual (Mr. Sadik Budak), which concentrates decision-making risk and could affect governance robustness.

3. Positive Indicators:

• Compliance with Filing Requirements: The company has filed its first accounts and confirmation statement on time, indicating good governance and regulatory compliance.
• Positive Net Current Assets and Equity: The company shows a small but positive net current asset position and shareholders' funds, indicating solvency at the reporting date.
• Clear Accounting Policies and Reporting: Accounts were prepared under FRS 102 and Small Companies Regime with professional accountant involvement, enhancing reliability.

4. Due Diligence Notes:

• Review of Business Plan and Cash Flow Forecasts: To assess operational sustainability and future liquidity given the small scale of current financials.
• Verification of Revenue and Profit Trends: Since turnover and profit/loss details are not disclosed, confirming actual trading performance is essential.
• Assessment of Director’s Background and Experience: Given the director’s occupation as a barber and sole control, understanding his business and financial management capability is important.
• Examination of Related Party Transactions: To evaluate any financial dependencies or guarantees involving the sole director.