NETBALL ENGINEERING LTD

Executive Summary

NETBALL ENGINEERING LTD is a recently incorporated micro-entity with a sound short-term financial position and no evident compliance issues. However, its small scale, single-person control, and limited financial history warrant careful further review of operational performance and governance. Overall, the company currently presents a low solvency and liquidity risk profile but should be monitored as it develops.

NETBALL ENGINEERING LTD - Analysis Report

Company Number: 14687094

Analysis Date: 2025-07-29 14:35 UTC

1. Risk Rating: LOW
   NETBALL ENGINEERING LTD demonstrates a stable financial position for a micro-entity, with net current assets consistently positive and improving from £1,870 in 2024 to £3,214 in 2025. The company is current with all statutory filings and shows no signs of regulatory non-compliance or insolvency risk at this stage.

2. Key Concerns:

• Limited Financial Scale: As a micro-entity incorporated recently in 2023, the company has very modest asset and equity levels, which may constrain operational flexibility or capacity to absorb shocks.
• Single Director and Shareholder Control: The company is wholly controlled by one individual (Mr. Nikolay Angelov), which concentrates governance risk and operational dependency on a single person.
• Limited Historical Financial Data: With only two full years of data and unaudited accounts, there is limited insight into profitability, cash flow trends, or business sustainability beyond balance sheet snapshots.

3. Positive Indicators:

• Positive and Growing Net Current Assets: Working capital improved by 72% year over year, indicating prudent management of short-term liabilities versus assets.
• Compliance with Filing Requirements: No overdue accounts or confirmation statements; filings are timely and in accordance with micro-entity provisions, reflecting good governance practices to date.
• Clear Control and Ownership: The ownership and control structure is transparent and documented, with no red flags regarding director disqualifications or regulatory issues.

4. Due Diligence Notes:

• Review Profit and Loss and Cash Flow Statements: Although not provided here, these will be essential to assess operational sustainability and cash generation capacity given the small scale.
• Investigate Business Model and Client Base: Understanding the company's engineering activities, market positioning, and revenue sources will clarify growth prospects and risk exposure.
• Verify Director Background: Confirm that Mr. Angelov has no adverse regulatory or legal history beyond the records presented, to mitigate governance risk.