Company Number: 15152404

Analysis Date: 2025-07-29 16:55 UTC

1. Risk Rating: HIGH
   Prudential Plumbing Limited is a newly incorporated micro-entity with minimal financial data available. The company holds only £295 in current assets and shareholders' funds with no recorded liabilities or income statement data. This extremely limited financial base and operating history present a high solvency and liquidity risk.

2. Key Concerns:

   • Very Limited Financial Resources: With current assets of just £295 and no other financial disclosures, the company’s ability to meet obligations or sustain operations is highly questionable.
   • Lack of Operational History: Incorporated in September 2023 and reporting only one employee (the director), there is no evidence of ongoing trading activity or revenue generation.
   • Single Director and Shareholder Concentration: The director, Mr. Kyle Terence Van Rooyen, also owns 75-100% of shares and voting rights, which concentrates control and could pose governance risks if not balanced by external oversight.

3. Positive Indicators:

   • Compliance with Filing Requirements: The company has filed its accounts and confirmation statement on time with no overdue filings, indicating regulatory compliance to date.
   • Clear Industry Focus: The company’s SIC code (43220) reflects a clear and straightforward business activity (plumbing, heat and air-conditioning installation), which is a well-understood trade sector.
   • No Indication of Insolvency or Liquidation: The company is active and not in liquidation or administration.

4. Due Diligence Notes:

   • Confirm whether any trading or revenue has commenced beyond the period covered in the accounts.
   • Review cash flow forecasts or bank statements to assess liquidity beyond the nominal current assets figure.
   • Investigate the director’s background and capacity to fund or support the company financially, given the minimal capital base.
   • Verify any contingent liabilities or off-balance sheet obligations that may not be disclosed in micro-entity accounts.
   • Assess business plan viability and market positioning in the plumbing sector to evaluate operational sustainability.