Company Number: 14238387

Analysis Date: 2025-07-20 18:36 UTC

1. Risk Rating: LOW
   The company demonstrates a positive net asset position and net current assets well in excess of current liabilities as of the latest financial year. There are no overdue filings or indications of liquidation or administration. The presence of a small but positive working capital and compliance with filing deadlines supports a low risk rating.

2. Key Concerns:

• Rapid change in ownership and directorship within two years could indicate some instability in governance or strategy.
• Very limited financial data due to micro-entity status and recent incorporation constrains full assessment of operational sustainability.
• The company operates in multiple SIC codes (real estate letting, painting, floor covering, electrical installation), which may indicate a lack of focus or diversification risks without further detail.

3. Positive Indicators:

• Net current assets of £8,349 against current liabilities of £1,385 as of 31 July 2024 indicate sound short-term solvency and liquidity.
• No overdue accounts or confirmation statements, demonstrating compliance with regulatory filing obligations.
• Increase in average employees from 0 to 3 suggests operational growth and potential business activity.
• Shareholders’ funds increased significantly from £1 to £8,349 within two years, indicating capital injection or retained earnings.

4. Due Diligence Notes:

• Investigate the nature of the capital or reserves increase between 2023 and 2024 to understand sources of funds and profitability.
• Clarify the operational model given the multiple SIC codes to assess business focus and revenue streams.
• Review director background and any related-party transactions given the change in controlling persons and overlapping ownership/control declarations.
• Confirm cash flow sufficiency given low absolute cash balances (cash was only £1 in 2023), to assess liquidity beyond balance sheet figures.
• Examine any contingent liabilities or off-balance-sheet risks not disclosed in micro-entity accounts.