Company Number: 15438763

Analysis Date: 2025-07-20 11:36 UTC

1. Risk Rating: LOW
   Justification: The company is newly incorporated (January 2024) and has filed its first set of accounts timely without any overdue filings. Its financial position as of the first year end shows positive net current assets (£32,910) and net assets (£35,987), supported by a strong cash balance (£40,445). There is no indication of insolvency or operational distress at this early stage.

2. Key Concerns:

• Reliance on a Single Director and Shareholder: Mr. Neil David Pemberton holds 100% ownership and control, which concentrates operational and governance risk.
• Long-term Creditors: The company has significant creditors falling due after one year (£17,692) relative to its asset base; the nature and terms of this debt should be reviewed to assess financial flexibility.
• Limited Operational History: With only the first financial year completed, there is limited evidence of sustainable revenue generation or profitability trends.

3. Positive Indicators:

• Strong Liquidity Position: Cash reserves of £40,445 exceed current liabilities, indicating good short-term liquidity.
• Compliance and Timeliness: No overdue accounts or confirmation statements, demonstrating good regulatory compliance.
• Positive Net Assets and Shareholder Equity: Net assets of £35,987 and shareholders’ funds of equivalent amount reflect initial capital investment and retained earnings, supporting solvency.

4. Due Diligence Notes:

• Clarify the terms and repayment schedule of the £17,692 long-term creditors to understand any future cash flow commitments.
• Review turnover and profitability figures (not provided) to assess operational sustainability and growth prospects.
• Investigate the business model under SIC code 43390 to evaluate market position and competitive landscape given the company’s early stage.
• Assess director’s background and track record, especially given sole control of the company, for governance risk considerations.