Company Number: 15204746

Analysis Date: 2025-07-20 11:05 UTC

1. Risk Rating: MEDIUM

The company is newly incorporated (October 2023) and classified as a micro-entity, with limited financial history. While it is currently active and compliant with filing deadlines, the financials show a net asset base of £8,740 but also long-term liabilities of £26,032 exceeding current assets, indicating potential solvency pressure. The absence of profit and loss data limits assessment of operational performance.

2. Key Concerns:

• Solvency Risk: The company’s creditors due after more than one year (£26,032) exceed total net assets (£8,740), suggesting a reliance on external funding and potential solvency risk if liabilities cannot be met long term.
• Limited Financial History: Being less than two years old with micro-entity accounts and no profit/loss disclosure restricts insight into revenue generation, profitability, and cash flow stability.
• Single Director and Shareholder Control: Concentration of control in one individual (Mr Mohammad Sheyni) may raise governance concerns and limit oversight or alternative perspectives on business risk.

3. Positive Indicators:

• Compliance: The company is up to date on all account and confirmation statement filings, reducing regulatory risk.
• Positive Net Current Assets: Current assets (£18,810) exceed current liabilities (£6,913), indicating adequate short-term liquidity for day-to-day operations.
• Clear Industry Focus: The company operates in freight transport by road (SIC 49410), a defined commercial sector with clear market demand, potentially supporting operational stability if managed prudently.

4. Due Diligence Notes:

• Profitability and Cash Flow: Review management accounts or internal financials to assess revenue streams, margins, and cash flow generation.
• Details of Long-term Creditors: Investigate the nature, terms, and counterparties of the £26,032 creditors falling due after more than one year to evaluate refinancing or repayment risks.
• Director Background: Conduct enhanced due diligence on Mr Mohammad Sheyni’s business and credit history to understand experience and risk profile.
• Business Plan and Contracts: Examine the company’s contracts, client base, and growth strategy to ascertain operational sustainability beyond its initial setup phase.