PROJECT REDESIGN LTD

Executive Summary

Project Redesign Ltd is a newly formed micro-entity with minimal capitalization and limited operating history, indicating a high risk profile primarily due to solvency concerns and uncertain business sustainability. The company has maintained compliance with filing requirements, but the low asset base and concentrated ownership warrant thorough due diligence before any investment consideration. Further investigation into financial obligations and operational plans is essential to assess the company’s viability.

PROJECT REDESIGN LTD - Analysis Report

Company Number: 14817799

Analysis Date: 2025-07-20 13:01 UTC

1. Risk Rating: HIGH
   Justification: The company is newly incorporated (less than one year old) with very minimal net asset value (£1) and a negligible current asset base (£893) almost entirely offset by liabilities. There is no trading history or employees, and financial data indicates very limited operational activity. The balance sheet shows creditors falling due after more than one year nearly equal to current assets, implying potential solvency risk.

2. Key Concerns:

• Solvency and Capitalization: Net assets amounting to only £1 suggest extremely weak capitalization and potential difficulty meeting liabilities beyond the short term.
• Lack of Operational History: No employees and no reported turnover or profit/loss data raises questions on the viability and sustainability of business operations.
• Concentration of Control: Single director and 100% ownership by one individual increases governance risk, especially with no independent oversight.

3. Positive Indicators:

• Compliance Status: No overdue filings for accounts or confirmation statements, indicating good administrative compliance so far.
• No Audit Required: Qualification as a micro-entity with exemption from audit reduces administrative burden.
• Clear Industry Classification: The company operates in a defined sector (construction/building completion), which is a well-understood market.

4. Due Diligence Notes:

• Verify the nature and terms of the £892 creditor balance due after more than one year to assess financial obligations and refinancing risks.
• Investigate business plan, contracts secured, and pipeline of work to understand revenue prospects and operational strategy.
• Review director’s background and financial capacity to support the company during early stages, including any personal guarantees or external funding.
• Confirm that there are no undisclosed liabilities or contingent risks that could further impair financial stability.