Company Number: 15219620

Analysis Date: 2025-07-29 14:04 UTC

1. Risk Rating: LOW
   Justification: NNM Logistics Ltd is a newly incorporated micro-entity (incorporated Oct 2023) with modest but positive net assets (£1,619) and net current assets (£715) indicating a solvent position at the balance sheet date. There are no overdue filings, and the company is active and compliant with reporting deadlines.

2. Key Concerns:

• Limited operating history: The company has operated just over one year, so there is minimal financial track record to assess ongoing viability or revenue generation.
• Low asset base and capital: With only £904 fixed assets and small current assets, the business may have limited resources to weather unexpected costs or cash flow issues.
• Single director and single shareholder structure: While common for micro companies, this concentration of control (Mr Neil Blewitt owns 75-100% shares and voting rights) can pose governance risks and limit oversight.

3. Positive Indicators:

• Compliance: All statutory filings including accounts and confirmation statements are up to date with no overdue returns.
• Positive working capital: Net current assets of £715 suggests the company can meet its short-term liabilities.
• Clear ownership and control: The sole director and PSC is identified with no adverse records disclosed, reducing regulatory or reputational risks.

4. Due Diligence Notes:

• Review the company’s business plan and cash flow projections to understand sustainability beyond the first year.
• Investigate client contracts, revenue streams, and logistics operations to verify operational stability.
• Monitor for any changes in ownership or director appointments that may affect governance.
• Confirm absence of contingent liabilities or off-balance sheet obligations not reflected in the micro-entity accounts.
• Assess market position and competition in freight transport by road (SIC 49410) to gauge growth prospects.