Company Number: 14736282

Analysis Date: 2025-07-29 13:22 UTC

1. Risk Rating: MEDIUM
   Milestone Special Works Limited is a newly incorporated company (March 2023) with a small company accounting category. The latest financials show modest net current assets (£28,140) and a significant proportion of both assets and liabilities are intra-group balances. The limited trading history and reliance on group undertakings present moderate solvency and liquidity risk. No overdue filings or governance issues were identified.

2. Key Concerns:

• High Related Party Balances: Both debtors (£281,956) and creditors (£294,981) include substantial amounts owed to/from group undertakings, indicating dependency on the parent/group for funding and cash flow.
• Low Cash Reserves: Cash at bank is low (£5,500), which may constrain day-to-day liquidity and operational flexibility.
• Short Trading History: Incorporated in 2023 with accounts covering less than a full year; limited operational track record makes it difficult to assess sustainable profitability or business stability.

3. Positive Indicators:

• Positive Net Current Assets: Despite limited history, the company reports positive net current assets indicating short-term solvency.
• No Overdue Filings: Accounts and confirmation statements are up to date, showing compliance with regulatory filing requirements.
• Clear Ownership and Control: The company is wholly owned and controlled by Milestone Group Investments Limited and Milestone South East Limited, suggesting group backing and potential financial support.

4. Due Diligence Notes:

• Investigate the nature and terms of intercompany balances to assess the risk of exposure or dependency.
• Review cash flow forecasts and capital injection plans to determine liquidity sufficiency for ongoing operations.
• Assess the trading contracts and pipeline to evaluate revenue sustainability and growth prospects given the short operational history.
• Confirm that there are no director disqualification or compliance issues beyond the data provided.