Company Number: 13204136

Analysis Date: 2025-07-20 15:38 UTC

1. Risk Rating: LOW

Justification: NEARLY LIMITED is a micro-entity with modest but positive net assets (£1,318 at 31 March 2024), consistent growth in net current assets, and no overdue filings or obvious governance issues. The company is active, with no signs of distress such as liquidation or administration. Despite minimal capital and no fixed assets, the financial position shows net positive working capital and no flagged compliance concerns.

2. Key Concerns:

• Very low absolute asset and equity base (net assets under £2,000), indicating limited financial buffer.
• No employees and no reported fixed assets, which could imply a very small or possibly service-based operation with limited operational scale.
• Company name has changed twice in a relatively short period (within three years), which may warrant investigation for underlying business restructuring or rebranding reasons.

3. Positive Indicators:

• The company is current with all statutory filings (accounts and confirmation statements), indicating good compliance discipline.
• Net current assets have more than doubled from £583 in 2023 to £1,318 in 2024, showing some improvement in liquidity position.
• Directors are resident in the UK with no reported disqualifications, and the company remains active without any insolvency proceedings.

4. Due Diligence Notes:

• Clarify the nature of the company’s business model given the SIC codes cover support activities to performing arts and equipment leasing, yet no fixed assets are reported.
• Investigate reasons behind the multiple name changes within a short period to assess any strategic, regulatory, or operational implications.
• Review cash flow statements or management accounts if available to assess operational cash flow and sustainability, as micro-entity accounts provide limited insight.