Company Number: SC798159

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

1. Risk Rating: LOW
   Justification: MYPLUMB LTD is a newly incorporated private limited company with a filing history consistent with regulatory compliance. The latest accounts show positive net current assets and shareholders’ funds, indicating a solid initial capital base and working capital position. No overdue filings or liquidation status are noted.

2. Key Concerns:

• Limited operating history: Incorporated in February 2024, the company has less than two years of trading, which limits the ability to assess long-term operational stability and financial performance trends.
• Small scale: With only two employees and relatively modest fixed assets (£23,568), growth and operational scalability may be constrained.
• Lack of audit and limited financial detail: As a micro-entity exempt from audit, detailed profit and loss or cash flow data is not publicly available, restricting comprehensive financial risk assessment.

3. Positive Indicators:

• Strong liquidity position: Net current assets of £48,933 demonstrate that short-term liabilities (£34,194) are well covered by current assets (£83,127), suggesting adequate working capital.
• Positive equity base: Shareholders’ funds equal to total assets less current liabilities (£72,501) indicate that the company is not reliant on external debt financing at this stage.
• Compliance with filing requirements: Accounts and confirmation statements are up to date with no overdue filings, reflecting sound governance practices.

4. Due Diligence Notes:

• Review management accounts or internal financial reports to evaluate revenue generation, profitability, and cash flow trends given the absence of audited financial statements.
• Assess contracts, client base, and pipeline to determine operational sustainability and growth prospects in the plumbing and HVAC installation sector.
• Verify the reputations and backgrounds of the directors and persons with significant control, although no disqualifications or compliance issues are apparent from the data provided.
• Monitor future filings for consistency and any emerging financial or operational risks as the company matures.