P C KITCHENS & JOINERY LTD
Executive Summary
P C Kitchens & Joinery Ltd demonstrates a stable solvency position with improving liquidity and equity over recent years. However, limited financial disclosures and small operational scale pose challenges for fully assessing business sustainability. Further due diligence on profitability and operational risks is recommended to confirm investment suitability.
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This analysis is opinion only and should not be interpreted as financial advice.
P C KITCHENS & JOINERY LTD - Analysis Report
Risk Rating: LOW to MEDIUM
The company exhibits a positive net asset position and improved net current assets in the latest financial year, indicating an ability to meet short-term obligations. However, limited financial disclosures and absence of profit and loss details restrict a fuller assessment of operational sustainability.Key Concerns:
- Limited Financial Transparency: The company has filed under micro-entity provisions and has not included profit and loss accounts, limiting insight into profitability and cash flow trends.
- Declining Fixed Assets: Fixed assets have decreased from £19,709 in 2020 to £11,967 in 2024, which may indicate asset disposals or underinvestment in operational infrastructure.
- Small Scale Operations: With only 2 employees and micro-entity status, the company may be vulnerable to operational risks such as dependency on key personnel or limited market reach.
- Positive Indicators:
- Improved Net Current Assets: Net current assets have increased significantly to £19,122 in 2024 from £9,934 in 2023, suggesting better liquidity management.
- Positive Equity Growth: Shareholders’ funds increased from £18,667 in 2023 to £30,083 in 2024, reflecting retained earnings or capital injections strengthening solvency.
- Timely Filing Compliance: The company has no overdue accounts or confirmation statements, indicating good regulatory compliance and governance discipline.
- Due Diligence Notes:
- Obtain detailed profit and loss accounts or management accounts to assess profitability and cash flow sustainability.
- Investigate the nature of fixed asset reductions to understand if this affects operational capacity.
- Review contracts and client base to evaluate revenue stability given the small workforce and niche SIC code (Joinery installation).
- Confirm if there are any contingent liabilities or off-balance-sheet risks not disclosed in the micro-entity accounts.
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