Company Number: SC688692

Analysis Date: 2025-07-29 20:42 UTC

1. Risk Rating: LOW
   The company demonstrates a positive net asset position with growth year over year, timely filings, and a clear ownership and directorship structure. There are no overdue accounts or confirmation statements, and no indication of financial distress or regulatory non-compliance.

2. Key Concerns:

• Current Liabilities Increase: Current liabilities rose significantly from £587 in 2023 to £17,670 in 2024, which warrants monitoring to ensure short-term obligations remain manageable.
• Limited Capital Base: The company has minimal share capital (£1.00) and relies on retained earnings for net assets, which may limit financial flexibility.
• Single Director and Employee: Operational dependence on one individual may pose continuity risks if that person is unavailable or departs.

3. Positive Indicators:

• Positive Net Current Assets: The company maintains positive net working capital (£2,948 in 2024), indicating liquidity to cover short-term liabilities.
• Increasing Net Assets: Net assets have increased from £2,902 in 2023 to £4,073 in 2024, showing asset growth and retained earnings accumulation.
• Compliance and Timeliness: All statutory filings are up to date with no overdue accounts or confirmation statements, reflecting good regulatory compliance.

4. Due Diligence Notes:

• Review the nature and timing of increased current liabilities to assess whether these represent normal trade creditors or potential liquidity pressure.
• Evaluate cash flow statements or management accounts (if available) to confirm operational cash generation and liquidity position.
• Consider the impact of single-person management on operational resilience and succession planning.
• Confirm the company’s business model and client base given the SIC codes indicating a combination of handyman-related services and retail of floor coverings, to assess revenue stability and diversification.