MILESTONE SPECIAL WORKS LIMITED

Executive Summary

Milestone Special Works Limited is a recently formed small private company with positive net current assets but limited cash reserves and significant reliance on group-related party balances. While regulatory compliance is current and ownership structure is transparent, the short trading history and intercompany dependencies warrant close examination of liquidity and operational sustainability. Overall, the company presents a medium risk profile for investors at this stage.

MILESTONE SPECIAL WORKS LIMITED - Analysis Report

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.