Company Number: 15585514

Analysis Date: 2025-07-19 12:32 UTC

1. Risk Rating: LOW
   Proper Props Limited is a newly incorporated micro-entity with its first set of accounts filed on time. The company shows positive net current assets and a solid equity base relative to its size and age, indicating low immediate solvency risk. No overdue filings or regulatory issues are apparent.

2. Key Concerns:

• Limited operating history: Incorporated in March 2024 with only one financial year reported, making it difficult to assess long-term sustainability.
• Small scale and single employee: The company’s micro classification and reliance on one director may present operational risks if key personnel become unavailable.
• Industry-specific risks: Operating in television programming and broadcasting (SIC 60200) can be capital intensive and competitive; no revenue or profit data is disclosed, limiting insight into operational viability.

3. Positive Indicators:

• Positive net current assets (£7,823) and shareholders’ funds (£24,446) indicate the company is solvent at the balance sheet date with working capital to meet short-term obligations.
• Timely compliance with both accounts and confirmation statement filings reflects good regulatory discipline.
• Full ownership and control by an identified director and PSC (Callum Michael Sullivan) simplifies governance and decision-making processes.

4. Due Diligence Notes:

• Investigate revenue streams, profitability, and cash flow projections to better understand operational sustainability beyond the balance sheet snapshot.
• Confirm the nature and valuation basis of fixed assets (£16,623) and whether they are adequately insured or encumbered.
• Assess any contingent liabilities, contractual commitments, or external funding arrangements not disclosed in the micro-entity accounts.