Company Number: 14052425

Analysis Date: 2025-07-29 20:01 UTC

1. Risk Rating: MEDIUM
   The company shows a modest net asset base with slight negative net current assets in recent years, indicating close working capital management. While it remains solvent, liquidity pressures and modest equity base suggest some risk if trading conditions deteriorate.

2. Key Concerns:

• Negative Net Current Assets: The company has reported net current liabilities (£605 in 2025, £1,613 in 2024), indicating short-term liabilities slightly exceed current assets. This may strain liquidity and requires close cash flow monitoring.
• Reliance on Directors’ Advances: Significant director loans remain on the balance sheet (£4,570 and £4,571 outstanding), which may imply dependency on related party funding for operational needs.
• No Profit and Loss Disclosure: The accounts omit the profit and loss account as allowed under small company exemptions. Lack of profitability and cash flow details limits the ability to judge operational performance and sustainability.

3. Positive Indicators:

• Compliance and Timely Filing: Accounts and confirmation statements are up to date with no overdue filings, indicating good regulatory compliance.
• Modest Growth in Net Assets: Net assets have grown from £480 in 2024 to £1,068 in 2025, showing some improvement in financial position.
• Small Company Status with Low Fixed Asset Base: The company operates in a niche glazing sector with limited fixed assets (£2,231), suggesting lower capital intensity and potentially more flexible operations.

4. Due Diligence Notes:

• Obtain profit and loss accounts or management accounts to assess profitability, cash flow generation, and operational sustainability.
• Review detailed aging and recoverability of debtors, given a high provision for doubtful debts (£5,775 in 2025).
• Evaluate the nature and terms of directors’ loans and any other related party transactions to understand financial support mechanisms and potential risks.
• Investigate contingent liabilities or provisions beyond deferred tax that may impact solvency.
• Assess customer concentration and contract stability in the glazing sector to understand revenue predictability.