PRECISION 108 LIMITED
Company number 13034201 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
PRECISION 108 LIMITED - Analysis Report
Company Number: 13034201
Analysis Date: 2025-07-20 12:25 UTC
Risk Rating: LOW
The company shows a stable net asset position with positive net current assets and no indication of overdue filings or liquidation. The micro-entity status with small liabilities relative to assets supports a low solvency risk.Key Concerns:
- Decline in current assets from £40,837 in 2023 to £31,820 in 2024, indicating some reduction in liquidity.
- Small size and limited scale (single employee, micro-entity) may imply vulnerability to operational disruptions.
- Share capital is minimal (£1), which while common in micro companies, limits capital buffer.
- Positive Indicators:
- Consistently positive net current assets (£28,286 in 2024) and net assets (£28,915) show the company can cover short-term liabilities comfortably.
- No overdue filings for accounts or confirmation statements, indicating good compliance and governance.
- Director has been in place since incorporation with no public disqualification records, supporting stable management.
- Due Diligence Notes:
- Investigate the reason for the decrease in current assets and whether this impacts cash flow or working capital cycles.
- Review the company’s income streams and revenue trends given the small scale and single employee to assess operational sustainability.
- Confirm absence of contingent liabilities or off-balance sheet obligations that could affect solvency.
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