Company Number: 15128126

Analysis Date: 2025-07-20 12:35 UTC

1. Risk Rating: LOW

Justification: MPA Contractors Ltd is a newly incorporated private limited company with its first set of financial statements filed on time, showing positive net current assets and shareholders' funds. The company has no overdue filings and no signs of distress such as negative working capital or liabilities exceeding assets.

2. Key Concerns:

• Limited financial history: As the company was incorporated in September 2023 and accounts cover just over one year, there is minimal financial data to assess trends or resilience.
• Small scale of operations: The balance sheet shows very modest asset and liability values, suggesting a micro-size operation with limited financial buffer.
• Taxation creditor balance: The current liabilities include £3,265 owed for taxation and social security, which should be monitored to ensure timely settlement.

3. Positive Indicators:

• Strong liquidity position: Net current assets are positive at £7,046, and cash on hand of £2,735 indicates available liquid resources.
• No overdue statutory filings: The company has complied with Companies House filing deadlines for accounts and confirmation statements, reflecting good governance.
• Ownership and control: The two principal shareholders/directors each hold 25-50% shares and voting rights, suggesting clear and stable ownership.

4. Due Diligence Notes:

• Investigate the nature and collectability of debtors (£2,110) to confirm they represent legitimate and timely receivables.
• Review the company’s business plan and contracts to understand revenue generation prospects given the limited operational history.
• Monitor the company’s ability to meet tax obligations, given the current taxation creditor balance.
• Confirm the absence of any director disqualifications or adverse regulatory actions against the named director.