PURE VALETING LTD

Executive Summary

Pure Valeting Ltd currently shows high financial risk due to negative net assets and liquidity shortfalls, raising concerns about its ability to meet obligations. While compliance with filings is positive, the lack of operational scale and negative equity require close scrutiny. Further investigation into cash flows and business viability is advised before considering investment.

PURE VALETING LTD - Analysis Report

Company Number: SC750940

Analysis Date: 2025-07-29 20:54 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency concerns as indicated by negative net current assets (-£220) and negative net assets/shareholders’ funds (-£520). The liabilities exceed the assets, which suggests the company is not currently solvent.

2. Key Concerns:

• Negative net assets and net current assets show that the company’s liabilities exceed its assets, posing a risk to meeting obligations.
• Extremely low current assets (£20) compared to current liabilities (£240) indicates poor liquidity and potential cash flow issues.
• The company has no employees, which may question operational capacity and sustainability unless it is a holding or dormant entity.

3. Positive Indicators:

• The company is compliant with filing requirements; accounts and confirmation statements are up to date with no overdue filings.
• Ownership and control are clearly defined and centralized under a single director/PSC (Mr. Brent Norris), which may enable swift decision-making.
• The company operates in a defined niche industry (specialised cleaning services - SIC 81222), which can be a focused operational area if executed well.

4. Due Diligence Notes:

• Investigate the nature and timing of liabilities to understand the cause of negative working capital and if these are short-term issues or longer-term structural problems.
• Assess cash flow statements and profit and loss accounts (not provided) for revenue generation, profitability, and cash inflows/outflows.
• Understand business model and operational plans given the absence of employees and minimal assets; clarify whether the company is active operationally or in a start-up phase.
• Review director’s plans or funding sources to address negative equity and liquidity concerns.
• Confirm no director disqualifications or regulatory issues beyond the basic compliance shown.