MMV SECURITY LIMITED

Executive Summary

MMV SECURITY LIMITED is a micro private limited company operating in security and related services with positive net assets and current assets covering liabilities. While the company remains solvent and compliant with filings, a notable decline in net assets and concentration of ownership present areas for further scrutiny. Overall, the company appears operationally stable but warrants monitoring of financial trends and governance structure.

MMV SECURITY LIMITED - Analysis Report

Company Number: 13147071

Analysis Date: 2025-07-20 15:40 UTC

1. Risk Rating: LOW to MEDIUM
   The company shows positive net current assets and net assets, indicating solvency at the balance sheet date. However, the declining net assets from £19,572 in 2024 to £9,683 in 2025 warrants monitoring. The micro-entity status reflects a small scale operation, which may imply limited financial resilience.

2. Key Concerns:

• Declining Net Assets: The net assets have halved year-on-year (2024 to 2025), potentially signaling pressure on retained earnings or increased liabilities.
• Modest Share Capital: Share capital is only £1.00, indicating minimal initial equity investment, which may impact the company’s ability to absorb losses.
• Concentration of Control: One individual controls 75-100% of shares and voting rights and can appoint/remove directors, presenting governance concentration risk.

3. Positive Indicators:

• Current Asset Coverage: Current assets exceed current liabilities with positive net current assets (£9,683 in 2025), suggesting the company can meet short-term obligations.
• Compliance: No overdue filings for accounts or confirmation statements, indicating good regulatory compliance.
• Employee Growth: Increase in average employees from 6 to 10 suggests operational expansion and potential revenue growth.

4. Due Diligence Notes:

• Review detailed profit and loss accounts to understand the cause of the net asset decline.
• Examine cash flow statements to assess liquidity trends and working capital management.
• Investigate the ownership and governance structure due to control concentration, including related party transactions if any.
• Confirm the nature and sustainability of revenue streams given the SIC codes spanning security, cleaning, and miscellaneous services.
• Verify the validity and activity of the website and customer engagement to assess market presence.