RAINHAM MAINTENANCE AND CLEANING LTD
Executive Summary
RAINHAM MAINTENANCE AND CLEANING LTD is a newly established micro-entity in the cleaning services sector with minimal financial leverage and positive working capital. The company is compliant with statutory filings and shows no immediate solvency concerns, but the limited financial history and small asset base warrant monitoring. Further due diligence should focus on operational sustainability and governance given sole control by one director.
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This analysis is opinion only and should not be interpreted as financial advice.
RAINHAM MAINTENANCE AND CLEANING LTD - Analysis Report
- Risk Rating: LOW
Justification: The company is newly incorporated (Nov 2023) and has filed up-to-date micro-entity accounts showing positive net current assets (£1,654) and no overdue filings. The small scale and compliance with filing deadlines indicate low immediate risk in terms of solvency and governance.
- Key Concerns:
- Limited financial history: The company has only one financial year of data, limiting trend analysis and assessment of operational sustainability.
- Low asset base and working capital: Net current assets of £1,654 and total net assets at the same level suggest a very small capital buffer against liabilities or unexpected expenses.
- Concentrated control: 100% ownership and directorship held by a single individual may pose governance risks if no independent oversight is in place.
- Positive Indicators:
- Compliance: All accounts and confirmation statements are filed on time with no overdue returns.
- Solvency: Positive net current assets indicate the company can currently meet short-term obligations.
- Clear ownership and management structure: Single director and shareholder with full control simplifies accountability.
- Due Diligence Notes:
- Verify the nature and stability of the company’s contracts or revenue sources given its recent incorporation.
- Assess the cash flow cycle and any reliance on director loans or external financing.
- Confirm absence of related party transactions or potential conflicts given single-person control.
- Review any contingent liabilities or off-balance sheet commitments not disclosed in micro-entity accounts.
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