PETER SMITH ENGINEERING LTD

Executive Summary

Peter Smith Engineering Ltd operates as a micro-sized engineering design business with stable but minimal financial resources. The company maintains compliance with filing obligations and shows no immediate solvency or liquidity risks, however, the limited scale and single-person management structure warrant further review of operational sustainability and future prospects.

PETER SMITH ENGINEERING LTD - Analysis Report

Company Number: SC683005

Analysis Date: 2025-07-29 19:13 UTC

1. Risk Rating: LOW
   Peter Smith Engineering Ltd demonstrates a stable financial position with positive net current assets and shareholders’ funds. The company is current with all statutory filings and is not in liquidation or subject to any regulatory enforcement. While the scale of operations appears small, there are no immediate solvency or compliance concerns evident from the available data.

2. Key Concerns:

• Very limited asset base and working capital (£279 net current assets) indicating a micro-sized operation with minimal financial buffer.
• Consistently low turnover implied by unchanged current asset and liability figures over multiple years, suggesting limited growth or business activity.
• Single director and employee structure could present operational risk if key person dependency is high.

3. Positive Indicators:

• All statutory accounts and confirmation statements are filed on time, showing good compliance and governance discipline.
• Positive net current assets and shareholders’ funds, albeit small, indicate no immediate liquidity or solvency distress.
• Cash holdings (£1,266) closely match current assets, indicating a liquid asset base sufficient to cover short-term liabilities (£1,046).

4. Due Diligence Notes:

• Verify the company’s revenue streams and profitability since income statement and profit/loss details are not publicly filed due to abridged accounts exemption.
• Investigate the nature and duration of client contracts or order book to assess sustainability of operations.
• Confirm the director’s capacity and any plans for business expansion or diversification given the micro-scale and single-person management.