Company Number: 15662204

Analysis Date: 2025-07-29 16:28 UTC

1. Risk Rating: LOW
   Justification: The company is newly incorporated (April 2024) with its first set of accounts filed timely and showing positive net assets and net current assets. The financials indicate prudent management with no overdue filings or indicators of financial distress.

2. Key Concerns:

• Limited operating history: Being less than two years old, the company lacks a track record, which increases uncertainty about future performance and stability.
• Director changes and control concentration: One director resigned within the first year, and significant control is heavily concentrated in two individuals, which could pose governance risks.
• Limited financial disclosures: As a micro-entity, detailed financial statements and cash flow data are not publicly available, restricting deeper liquidity and solvency analysis.

3. Positive Indicators:

• Strong balance sheet position: At the 2025 year-end, the company had net assets of £362,980 with positive working capital (£116,090), indicating the ability to meet short-term obligations.
• Compliance: All statutory filings (accounts and confirmation statements) are up to date, with no overdue reports or penalties noted.
• Industry classification: The company operates in construction, a sector with ongoing demand, and maintains a modest employee base consistent with its micro-entity size, suggesting operational capacity.

4. Due Diligence Notes:

• Verify the nature and valuation basis of fixed assets (£246,890) to confirm they are not overstated and are readily realizable if needed.
• Investigate the reasons for the director resignation and assess any impact on governance or operational continuity.
• Review cash flow statements and bank statements (if available) to confirm liquidity beyond balance sheet snapshots.
• Assess customer contracts and order book to understand revenue visibility and sustainability in the early years.
• Confirm no undisclosed liabilities or contingent risks exist that could impair solvency.