Company Number: 14780917

Analysis Date: 2025-07-29 19:00 UTC

1. Risk Rating: LOW
   The company is newly incorporated (2023) but shows a positive net asset position with modest working capital. There is no indication of overdue filings or liquidation. The financials, while limited due to its age, present no immediate solvency or liquidity concerns.

2. Key Concerns:

• Limited Financial History: Only about one full financial year data available, limiting trend analysis and understanding of operational performance.
• Small Scale Operations: With only 2 employees and modest fixed assets, business scale and resilience to market shocks are uncertain.
• Director Change: One original director resigned early in 2025, which may warrant inquiry into governance or operational stability.

3. Positive Indicators:

• Positive Net Assets: £91,904 net assets and positive working capital indicate the company can meet short-term obligations.
• No Overdue Filings: Both accounts and confirmation statement filings are up to date, reflecting regulatory compliance.
• Clear Ownership Structure: Two directors with clearly defined significant control, reducing ownership ambiguity.

4. Due Diligence Notes:

• Investigate the reason for director Owen Thomas Smith’s resignation in January 2025 and any impact on company governance or strategy.
• Review detailed profit and loss data (not filed publicly due to small company exemption) to assess operational profitability and cash flow trends.
• Confirm the nature and condition of fixed assets (£81,163) for potential impairment or capital expenditure needs.
• Assess client base and contract pipeline given the SIC code indicating niche civil engineering projects, which may affect revenue stability.