Company Number: 15257883

Analysis Date: 2025-07-20 17:56 UTC

1. Risk Rating: MEDIUM
   Mission Studio Limited is a recently incorporated micro-entity with limited financial history. Its net current liabilities position and minimal current assets raise some solvency and liquidity concerns despite positive net assets. The small scale and single director/shareholder structure also present operational concentration risk.

2. Key Concerns:

• Negative Working Capital: Current liabilities (£4,017) exceed current assets (£979), resulting in net current liabilities of £3,038 indicating potential short-term liquidity pressure.
• Limited Operating History: Incorporated in November 2023, with less than one full year of financial data, limiting assessment of operational stability and cash flow generation.
• Single Shareholder and Director: Mr. Richard Tatham holds 75-100% shares and voting rights and is sole director, concentrating control and decision-making risks.

3. Positive Indicators:

• Net Asset Position: Despite negative working capital, the company holds net assets of £17,897, mainly comprising fixed assets (£21,836), suggesting some capital buffer.
• Compliance and Filing Status: All statutory filings including accounts and confirmation statement are up to date with no overdue filings or penalties, indicating good governance adherence so far.
• Micro Entity Status: Simplified reporting reduces administrative burden and may reflect a small, manageable operation.

4. Due Diligence Notes:

• Review more detailed cash flow projections or management accounts to assess ongoing liquidity and ability to meet short-term obligations.
• Investigate nature and recoverability of fixed assets (e.g., equipment, property) underpinning net assets.
• Understand business model and customer pipeline given the limited operating period and sector (warehousing/storage) to evaluate sustainability.
• Monitor any related party transactions or financing arrangements given sole control by one individual.
• Confirm no outstanding liabilities or contingent risks not reflected in accounts.