Company Number: 15220121

Analysis Date: 2025-07-29 13:22 UTC

1. Risk Rating: LOW
   The company is newly incorporated (October 2023) and classified as a micro-entity. Its latest filed accounts show positive net current assets (£2,011) and positive net assets (£791), indicating solvency at the reporting date. No overdue filings or compliance issues are noted.

2. Key Concerns:

• Limited Operating History: Being less than one year old, the company lacks an operational track record, which can increase uncertainty around sustainability.
• Minimal Financial Scale: The small asset base and equity (£791) limit financial flexibility in the event of unexpected expenses or downturns.
• Deferred Income/Accruals: The presence of accruals and deferred income (£1,834) close to current liabilities requires scrutiny to understand timing and liquidity impact.

3. Positive Indicators:

• Positive Working Capital: Current assets exceed current liabilities by a comfortable margin, supporting short-term liquidity.
• No Overdue Filings: Accounts and confirmation statements are up to date, reflecting good governance and regulatory compliance.
• Clear Ownership and Control: Two directors/shareholders each hold 25-50% ownership with full rights, indicating straightforward governance without complex control structures.

4. Due Diligence Notes:

• Verify the nature and timing of accruals and deferred income to assess any liquidity strain.
• Investigate business model and revenue generation plans given the micro-entity status and limited financial history.
• Confirm directors’ experience and background in the human health sector (SIC 86900) to evaluate operational expertise.
• Monitor future filings for growth trends, profitability, and any emerging financial risks.