Company Number: 14996104

Analysis Date: 2025-07-20 18:48 UTC

1. Risk Rating: MEDIUM
   Justification: REDBURN COMMUNICATIONS LTD is newly incorporated (July 2023) with only one year of financial data, limiting the ability to assess historical performance. The balance sheet shows modest net assets (£22,166) and positive working capital, but current liabilities are high relative to cash. The company appears solvent currently but lacks an established track record, which elevates risk.

2. Key Concerns:

• Limited Operating History: Only 13 months of accounts since incorporation, insufficient to judge business sustainability or profitability trends.
• Liquidity Position: Cash on hand (£7,704) is low relative to current liabilities (£102,254), though substantial debtors (£108,312) somewhat mitigate this. Reliance on timely collection of receivables is critical.
• Concentration of Control: Single director and 75-100% shareholder is Mr. Trevor Hill, which creates governance and continuity risks if circumstances change.

3. Positive Indicators:

• Positive Net Current Assets: Net current assets of £116,016 indicate working capital surplus, supporting short-term obligations.
• No Overdue Filings: Accounts and confirmation statements are up-to-date, reflecting compliance with statutory requirements.
• Tangible Assets Presence: Fixed assets of £8,404 show some investment in operational capacity rather than purely intangible assets.

4. Due Diligence Notes:

• Verify the collectability and aging of debtors to assess liquidity risk more precisely.
• Understand the nature and terms of the current liabilities, especially those due within one year.
• Review any contractual arrangements or dependency on Mr. Hill as the sole director and shareholder to evaluate operational resilience.
• Investigate the company’s business plan and pipeline in the utility construction sector to gauge growth potential and sustainability.
• Confirm absence of director disqualifications or adverse regulatory matters related to Mr. Hill.