Company Number: 15009103

Analysis Date: 2025-07-20 17:47 UTC

1. Risk Rating: LOW

Justification: MOREE SALES LIMITED is a recently incorporated private limited company with micro-entity accounts filed on time and no overdue returns. The company shows a positive net current asset position of £33,544 and no fixed assets or long-term liabilities, indicating a simple balance sheet consistent with early-stage operations. No signs of insolvency or regulatory non-compliance are evident from the data provided.

2. Key Concerns:

• Lack of operational history: Incorporated in July 2023 with the first accounts filed for one year only, limiting the ability to assess operational sustainability or financial trends.
• No employees reported: The company currently has zero employees which could suggest limited operational capacity or reliance on directors for all functions.
• Concentrated control: Two directors/shareholders each hold between 25-50% ownership and voting rights, indicating potential governance risk if key individuals depart or disagree.

3. Positive Indicators:

• Positive net current assets (£33,544) suggest the company currently has sufficient short-term resources to meet liabilities.
• Timely filing of accounts and confirmation statements demonstrate compliance with statutory obligations.
• Director expertise: One director is a Chartered Accountant, which may support sound financial governance and reporting standards.
• Clear and simple capital structure with no long-term debt or provisions, reducing solvency risk.

4. Due Diligence Notes:

• Investigate the nature of current assets (£113k), specifically the composition of cash or receivables, to assess liquidity quality.
• Understand the company’s business model and revenue generation plans given the absence of employees and fixed assets.
• Review any contract commitments or contingent liabilities not reflected in the micro-entity accounts.
• Monitor future filings for profitability, cash flow patterns, and any changes in capital structure or indebtedness.
• Confirm no director disqualifications or adverse regulatory actions beyond the data provided.