Company Number: 15195817

Analysis Date: 2025-07-29 13:03 UTC

1. Risk Rating: LOW
   The company is newly incorporated (October 2023) and has filed timely accounts showing a positive net asset position. The micro-entity balance sheet reveals modest net current assets of £13,584, reflecting a basic but positive working capital position. No overdue filings or indications of insolvency are present.

2. Key Concerns:

• Limited operating history: As a company trading just over one year, there is limited financial track record to establish operational stability or profitability.
• Small scale and capitalization: Total net assets and working capital remain low, which may constrain the company’s ability to absorb financial shocks or fund growth without external support.
• Single director and shareholder: Concentrated control in one individual (Mr. Michael Schinas) may increase governance risk, especially without evidence of independent oversight or additional management.

3. Positive Indicators:

• Clean regulatory compliance: No overdue accounts or confirmation statements, indicating good adherence to statutory requirements.
• Positive net current assets: Current assets exceed current liabilities by a reasonable margin, suggesting the company can currently meet its short-term obligations.
• Clear ownership and control: PSC is well-documented with no apparent concerns or disqualifications relating to the director.

4. Due Diligence Notes:

• Verify source and sustainability of current assets, particularly cash or equivalents, to assess liquidity quality.
• Investigate business model and revenue generation given the SIC codes (electricity production and other unspecified services) to understand operational viability and market risks.
• Review director’s background beyond Companies House data for any undisclosed compliance or financial issues.
• Monitor future filings for trends in profitability, cash flow, and capital structure as the company develops beyond its start-up phase.