NC TRACTOR SPARES LTD

Executive Summary

NC Tractor Spares Ltd is a micro-entity with stable and positive financials for its brief operating period, showing adequate solvency and liquidity. Compliance with filing obligations and clear ownership structure further support a low-risk assessment. However, the limited operating history and single-person management structure warrant further due diligence to ensure operational resilience and sustainability.

NC TRACTOR SPARES LTD - Analysis Report

Company Number: NI691157

Analysis Date: 2025-07-29 20:18 UTC

1. Risk Rating: LOW
   NC Tractor Spares Ltd presents a low risk profile based on the available data. The company is solvent with positive net assets and working capital, has no overdue filings, and shows stable financials for the short history since incorporation.

2. Key Concerns:

• Limited operating history: Incorporated in September 2022, the company has only two years of financial data, limiting trend analysis and long-term stability assessment.
• Single director/employee: Operational dependency on one individual may pose continuity risks if the director is unavailable or leaves.
• Relatively small scale: As a micro-entity, the business size and asset base are modest, which could limit financial flexibility and resilience to shocks.

3. Positive Indicators:

• Positive net assets and net current assets for both reported years indicate good solvency and liquidity positions.
• No overdue annual accounts or confirmation statements, reflecting compliance with regulatory filing requirements.
• Ownership and control are clearly defined, with no indications of director disqualifications or governance issues.
• Industry classification (wholesale trade of motor vehicle parts) aligns with the company’s name and suggests a focused business activity.

4. Due Diligence Notes:

• Review cash flow statements (if available) to confirm operational liquidity beyond balance sheet figures.
• Assess customer concentration and supplier relationships to understand business sustainability and potential operational risks.
• Confirm whether the company has any contingent liabilities or off-balance-sheet obligations not reflected in the micro-entity accounts.
• Understand the impact of having only one employee/director on business continuity and succession planning.