Company Number: 14761869

Analysis Date: 2025-07-19 12:21 UTC

1. Risk Rating: LOW
   The company is newly incorporated (March 2023) and operating as a micro-entity with a small balance sheet. The latest accounts show positive net current assets and net assets, no overdue filings, and no indication of financial distress.

2. Key Concerns:

• Limited Financial History: Only one year of filed accounts limits ability to assess financial trends or stability over time.
• Small Scale and Capitalization: With net assets of £2,507 and only one employee, the business is very small, potentially limiting operational scale and financial resilience.
• Director Change and Shareholding: Change of director and PSC control within a short period may warrant scrutiny regarding governance stability.

3. Positive Indicators:

• Positive Working Capital: Net current assets of £2,287 indicate the company can cover short-term liabilities comfortably.
• No Overdue Filings: Both accounts and confirmation statements are filed on time, indicating compliance with regulatory obligations.
• Clear Ownership and Control: PSCs are disclosed with transparent ownership structure; no red flags such as disqualified directors have been identified.

4. Due Diligence Notes:

• Review the nature and source of provisions for liabilities (£52) to understand potential contingent risks.
• Obtain management information or business plans to assess scalability and revenue generation given the minimal asset base.
• Monitor director transitions and shareholder changes closely to ensure continuity and strong governance.
• Confirm VAT registration status and compliance given the VAT number provided, especially since freight transport can have complex tax implications.