Company Number: 15200015

Analysis Date: 2025-07-29 19:00 UTC

1. Risk Rating: MEDIUM
   The company is newly incorporated (October 2023) and has filed timely accounts without overdue filings, which is positive. However, the very low net assets (£145) and minimal working capital (£1,445) suggest limited financial buffer. The micro-entity size and short trading history constrain robust solvency and liquidity assessment.

2. Key Concerns:

• Minimal Net Assets and Working Capital: Net assets of only £145 indicate very thin equity and limited ability to absorb financial shocks.
• Short Operating History: Having operated for just over one year, there is insufficient financial track record to gauge operational stability or profitability.
• Related Party Control: Two entities (Pendulum Power Consultants Ltd and Pendulum Power Group Ltd) each claim 75-100% control, suggesting a complex ownership structure that may need clarification for governance transparency.

3. Positive Indicators:

• Timely Compliance: No overdue accounts or confirmation statements, indicating good governance practices to date.
• No Indications of Insolvency or Liquidation: The company is active and not under any insolvency proceedings.
• Industry Classification (Electrical Installation): The sector is typically service-oriented with potential for steady project-based income, which may support operational continuity.

4. Due Diligence Notes:

• Verify the exact nature of control and shareholding between the two controlling entities to confirm no conflicts or double-counting of ownership.
• Obtain more detailed financial information beyond balance sheet figures (e.g., profit and loss, cash flows) to assess revenue generation and cash management.
• Investigate any intercompany transactions or guarantees that may affect risk exposure due to related party involvement.
• Monitor future filings for improvement in net assets and liquidity ratios as an indicator of operational progress.