MY ENGINEERING GROUP LTD

Executive Summary

MY ENGINEERING GROUP LTD presents a low financial risk profile currently, supported by positive net assets, sufficient cash to cover liabilities, and timely compliance filings. However, limited operating history and a narrow cash buffer warrant ongoing monitoring of liquidity and operational execution. Governance concentrated under a single director/shareholder is a standard structure for a micro-entity but should be reviewed as the business grows.

MY ENGINEERING GROUP LTD - Analysis Report

Company Number: 15219191

Analysis Date: 2025-07-20 16:25 UTC

1. Risk Rating: LOW
   Justification: MY ENGINEERING GROUP LTD is a newly incorporated private limited company with a clean compliance record, modest but positive net assets, and no overdue filings. The financials show a small positive net asset position and sufficient cash to cover current liabilities, indicating low immediate solvency and liquidity risk.

2. Key Concerns:

• Limited operating history: Incorporated in late 2023, the company has only one financial period of data, restricting trend analysis and increasing uncertainty about operational sustainability.
• Modest cash balance: Although cash exceeds current liabilities, the margin (£6,961 cash vs £4,460 liabilities) is narrow, potentially exposing the company to short-term liquidity pressures if cash inflows slow.
• Single director/shareholder control: Full control by one individual concentrates operational and governance risk, with potential implications for decision-making and succession.

3. Positive Indicators:

• Filing compliance: All statutory accounts and confirmation statements are up to date, demonstrating good regulatory adherence.
• Positive net assets and shareholder funds (£2,501), reflecting an initial equity base and no accumulated losses.
• No audit requirement triggered due to size, simplifying compliance and cost burden for a micro-entity.
• Clear accounting policies and going concern basis confirmed in the accounts, with no adverse auditor or director commentary.

4. Due Diligence Notes:

• Verify business model and revenue generation plans given the absence of turnover disclosure and short operating period.
• Monitor cash flow forecasts and working capital management closely to assess liquidity resilience as business scales.
• Assess director’s background and experience to evaluate governance and operational capability.
• Confirm absence of related party transactions or contingent liabilities not disclosed in accounts.
• Review any contract or customer commitments supporting future revenue recognition.