Company Number: 15055273

Analysis Date: 2025-07-20 13:38 UTC

1. Risk Rating: LOW
   Given the very limited financial data from its first year of operation, PECORINO LIMITED shows a positive net current asset position and no overdue filings. The company is small with micro-entity status, indicating minimal complexity and risk at this stage.

2. Key Concerns:

• Very limited operating history: Incorporated in August 2023, with only one set of micro-entity accounts filed, making trend analysis impossible.
• Minimal asset base and working capital (£852 net current assets) could be insufficient if unexpected liabilities arise or if scaling operations require cash.
• No employees currently, which suggests operations may be dormant or reliant on directors only, raising questions about operational sustainability.

3. Positive Indicators:

• No overdue statutory filings, indicating good compliance and governance.
• Positive net current assets, suggesting the company can meet short-term liabilities at present.
• Directors and persons with significant control have been clearly identified, and no adverse records or disqualifications are noted.

4. Due Diligence Notes:

• Investigate business plan and revenue generation model, particularly given the zero employees and low asset base.
• Confirm whether the company is actively trading or still in pre-operational phase.
• Review any related party transactions or director loans that may not be reflected in these initial accounts.
• Monitor subsequent accounts and filings for evidence of operational progress and financial stability.