Company Number: 15393421

Analysis Date: 2025-07-20 13:42 UTC

1. Risk Rating: LOW
   NJD Construction Ltd is a recently incorporated micro-entity with positive net current assets and no overdue filings. The financials indicate a modest but positive working capital position and net assets, suggesting a low immediate risk of insolvency.

2. Key Concerns:

• Limited Operating History: Incorporated in January 2024, the company has less than two years of trading history, which limits the ability to assess long-term operational stability.
• Small Scale and Single Employee: With only one employee (the director) and micro-entity status, the company may face operational capacity constraints and depend heavily on the sole director.
• Deferred Income/Accruals: The accounts show accruals and deferred income of £11,355 which reduces net assets; understanding the nature and timing of these liabilities is important to assess cash flow timing risks.

3. Positive Indicators:

• Positive Net Current Assets: £27,631 in net current assets indicates that current liabilities are covered by current assets, supporting short-term liquidity.
• No Overdue Filings: Both accounts and confirmation statement are up to date, which reflects good regulatory compliance and governance practices.
• Strong Shareholder Control: The single shareholder/director, Mr Nicholas James Davoren, owns 75-100% of shares and voting rights, which may facilitate decisive management and strategic direction.

4. Due Diligence Notes:

• Verify the composition and timing of accruals and deferred income to ensure they do not mask liquidity issues.
• Review any contracts or client agreements to understand revenue visibility and sustainability given the company’s recent incorporation and small size.
• Assess the director’s background and capacity to manage all operational and financial aspects given the single-employee structure.
• Monitor future filings and financial performance to track growth trajectory and emerging risks.