OZONE UNISEX SALON LTD
Executive Summary
Ozone Unisex Salon Ltd shows a low risk profile with stable net assets and no regulatory compliance issues. However, frequent changes in directors and lack of employee reporting warrant further operational and governance review. Additional financial details are recommended to fully assess business sustainability.
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This analysis is opinion only and should not be interpreted as financial advice.
OZONE UNISEX SALON LTD - Analysis Report
Risk Rating: LOW
The company demonstrates a stable financial position with positive net assets and net current assets increasing slightly year-on-year. There are no overdue filings or indications of insolvency. The business operates within a well-defined niche (hairdressing and beauty treatment) and has maintained compliance with filing requirements.Key Concerns:
- Frequent changes in directors and persons of significant control within a short period may indicate governance or strategic stability issues.
- The company has zero reported employees during the year, raising questions about operational scale and sustainability of business activities.
- Limited turnover and profitability data are available due to abridged accounts and exemption from audit, restricting transparency on operational performance.
- Positive Indicators:
- Consistent positive net current assets and net assets around £7,800 as of the latest year end, indicating solvency and sufficient working capital.
- No overdue filings (accounts or confirmation statements) demonstrating sound regulatory compliance.
- Share capital remains stable at £1,000, suggesting no recent dilution or capital restructuring.
- Tangible fixed assets show growth from £477 to £1,272, which may reflect investment in operational equipment.
- Due Diligence Notes:
- Investigate reasons behind multiple director resignations and appointments within recent years, including the recent change in ownership control.
- Request fuller financial disclosures or management accounts to assess revenue, profitability, and cash flow trends, given the lack of detailed P&L data.
- Confirm the operational model given zero employees reported and understand whether the business relies on contractors or outsourcing.
- Review any contingent liabilities or off-balance sheet risks not evident in abridged accounts.
- Verify the integrity and business continuity given the name change from OZONE BARBERS LTD to OZONE UNISEX SALON LTD in October 2023.
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