PB LOGISTIC SERVICES LTD

Executive Summary

PB Logistic Services Ltd is a small, newly incorporated logistics support company with a positive but modest financial position and no overdue filings. Its liquidity has improved slightly with increased cash balances, yet working capital remains limited. Key areas requiring further review include profitability, tax compliance, and operational sustainability to fully assess investment risk.

PB LOGISTIC SERVICES LTD - Analysis Report

Company Number: 13424043

Analysis Date: 2025-07-29 16:07 UTC

1. Risk Rating: LOW to MEDIUM
   The company PB Logistic Services Ltd shows a modest but positive net asset position and no overdue filings, which supports a low to medium risk rating. However, limited scale and relatively small working capital pose some constraints on liquidity and operational flexibility.

2. Key Concerns:

• Modest Working Capital: Net current assets increased to £3,392 (2024) from £1,368 (2023), which remains low and could limit the ability to absorb unexpected cash demands.
• Limited Financial History and Size: Incorporated in 2021 and classified under Total Exemption Full accounts with minimal share capital (£1), the company is very small, limiting visibility on operational stability and resilience.
• Tax and VAT Liabilities: Current liabilities include significant VAT (£2,030) and corporation tax (£1,190), which require timely payment to avoid penalties and indicate some tax burden.

3. Positive Indicators:

• Positive Net Assets Growth: Net assets grew from £1,368 in 2023 to £3,392 in 2024, indicating some improvement in financial position.
• No Overdue Filings: Both accounts and confirmation statements are up to date, reflecting good regulatory compliance.
• Increasing Cash Balances: Cash increased from £5,760 to £8,068 year-on-year, which supports liquidity.
• Stable Directorship and Control: The main shareholder and director, Mr. Prabhjot Singh Bhandal, exercises full control; no director disqualifications or governance issues are apparent.

4. Due Diligence Notes:

• Review Detailed Profit & Loss: Profit and loss details were not filed; obtaining these would clarify profitability and cash flow generation.
• Assess VAT and Tax Payment History: Confirm timely settlement of VAT and corporation tax liabilities to verify tax compliance and cash outflow management.
• Evaluate Customer and Supplier Concentration: No trade debtors reported in 2024; investigate client base diversity and payment terms to understand cash flow reliability.
• Investigate Director Loan Account Movements: Although small (£27), review transactions for any related party loans or unusual financing arrangements.
• Confirm Business Model and Contracts: Given the SIC code (52290 - Other transportation support activities), validate ongoing contracts and market position for operational sustainability.