Company Number: 15594886

Analysis Date: 2025-07-29 14:13 UTC

1. Risk Rating: LOW

Justification: The company is newly incorporated (March 2024) and has filed its first set of micro-entity accounts on time without any overdue filings. The balance sheet shows positive net assets (£30,002) with no current liabilities, indicating no immediate solvency concerns. The company has minimal fixed and current assets but holds significant prepayments and accrued income (£23,000), contributing to a positive net current asset position. There are no indications of financial distress or governance issues.

2. Key Concerns:

• Limited financial track record: As a recently established company with only one accounting period completed, there is limited historical data to assess operational sustainability and cash flow trends.
• High proportion of prepayments and accrued income: £23,000 of prepayments and accrued income compared to only £5,000 in current assets may indicate timing differences in revenue recognition or cash inflows that warrant further explanation.
• Single director and sole shareholder: Mr. Gary Michael Parkin has full control, which raises typical governance concerns regarding checks and balances in decision-making and oversight.

3. Positive Indicators:

• No current liabilities or debt obligations recorded, suggesting the company is not burdened with short-term financial commitments.
• Net assets and shareholders’ funds positive and stable at £30,002, demonstrating initial capital adequacy.
• Compliance with statutory filing deadlines evidences good governance practices to date.
• Employs 3 staff members, indicating some operational activity and investment in human resources.

4. Due Diligence Notes:

• Investigate the nature and timing of the £23,000 prepayments and accrued income to understand cash flow implications and revenue recognition policies.
• Review business plan and projected cash flows to assess sustainability beyond the initial start-up phase.
• Confirm background and track record of the sole director, including any prior directorships or potential conflicts of interest.
• Monitor future filings for consistency, growth indicators, and any emerging liabilities.
• Assess the market and competitive positioning within the SIC codes (other information services and publishing activities) to gauge operational risks.