Company Number: 12629090

Analysis Date: 2025-07-29 13:13 UTC

1. Risk Rating: MEDIUM
   The company shows a notable turnaround in net assets from negative figures in prior years to a positive £4,479 in 2024. However, the absolute size of net assets and fixed assets is very small, and previous years' deficits indicate historical financial stress. The micro-entity status and absence of employees also limit financial depth and operational scale, contributing to moderate risk.

2. Key Concerns:

• Historical negative net current assets and net liabilities from 2021 to 2023 suggest prior liquidity and solvency difficulties.
• Absence of employees and minimal fixed assets (£706) may indicate limited operational capacity and potential reliance on external contractors or owners for business continuity.
• Single shareholder and director with 75-100% control concentrates decision-making and risk, which may be a governance concern and potentially impact regulatory compliance or strategic oversight.

3. Positive Indicators:

• Current financial year shows improved liquidity with net current assets of £3,773 and net assets of £4,479, reflecting a stronger balance sheet position.
• Timely filing of accounts and confirmation statements with no overdue reports evidences good compliance with statutory requirements.
• Active status with ongoing operations in both domestic and commercial construction sectors, which may provide diversified revenue streams.

4. Due Diligence Notes:

• Investigate the reasons for the previous years’ negative equity and what changed in the most recent year to reverse this trend.
• Review cash flow statements or management accounts (if available) to assess operational cash generation and working capital management beyond balance sheet snapshots.
• Examine the scale and nature of contracts or client base to understand business sustainability given the lack of employees and small asset base.
• Confirm absence of contingent liabilities or off-balance-sheet exposures not disclosed in the footnotes.
• Assess director’s background and governance practices due to concentrated ownership and control.