Company Number: 13836880

Analysis Date: 2025-07-20 11:33 UTC

1. Risk Rating: LOW
   PLATINUM WHEEL REPAIRS LTD demonstrates improving financial metrics with positive net assets and net current assets as of the latest financial year. There are no overdue filings or compliance issues reported, and the company appears operationally active and solvent within its micro-entity classification.

2. Key Concerns:

• Long-term Liabilities: The company shows a substantial creditor balance falling due after more than one year (£15,440 in 2024), which although reduced from prior year (£33,045), warrants monitoring to ensure continued serviceability.
• Limited Financial History: Incorporated in 2022, the company has a short operating history, limiting trend analysis and increasing risk uncertainty.
• Concentration of Control: Mr. Craig Hodson holds 50-75% ownership and voting rights, which could present governance risk if not balanced with other controls.

3. Positive Indicators:

• Strong Working Capital Position: Net current assets improved significantly to £22,534 in 2024 from £8,640 in 2023, indicating enhanced liquidity and ability to meet short-term obligations.
• Positive Net Assets and Shareholders’ Funds: Net assets surged to £32,458 in 2024 from £132 in 2023, reflecting growth and capital retention.
• No Overdue Filings or Compliance Issues: Accounts and confirmation statements are up to date, reducing regulatory risk.
• Consistent Management and Secretary: Stable appointments since incorporation support operational continuity.

4. Due Diligence Notes:

• Review the nature and terms of the long-term creditors to assess repayment schedules and potential refinancing risks.
• Evaluate cash flow statements and profitability trends once available to confirm operational sustainability beyond balance sheet strength.
• Assess governance framework given the significant control by a single individual, including any related party transactions.
• Confirm the accuracy and completeness of financial reporting in line with micro-entity provisions, considering the company’s growth trajectory.