Company Number: 14193979

Analysis Date: 2025-07-29 12:34 UTC

1. Risk Rating: LOW
   Rendertec Leicester Limited demonstrates a stable short-term financial position with positive net current assets and no overdue filings. The company’s solvency appears sound given net assets exceed current liabilities and shareholders’ funds have increased year-on-year.

2. Key Concerns:

• Lack of operational activity: The company reported zero employees during both years, which may imply limited ongoing operations or reliance on contractors/unpaid labor.
• Concentration of control: One PSC holds 75-100% of shares and voting rights, which may increase governance risk due to potential over-reliance on a single individual’s decisions.
• Minimal cash reserves: Although cash has improved to £14,504 in 2024, it remains modest relative to liabilities, potentially constraining liquidity under stress.

3. Positive Indicators:

• Increasing net current assets: Growth from £16,150 in 2023 to £28,402 in 2024 indicates improved working capital management.
• Timely compliance: All statutory filings including accounts and confirmation statements are up to date with no overdue penalties.
• Low liabilities: Current liabilities are stable and manageable relative to current assets, with no indication of borrowing or long-term debt.

4. Due Diligence Notes:

• Investigate the nature of debtors (£41,773) to assess collectability and whether these represent genuine receivables or related party balances.
• Understand business model and revenue generation given zero employees and relatively low cash balances.
• Confirm that the director and PSCs have no history of disqualifications or regulatory issues that might impact governance.
• Review profit and loss accounts (not filed publicly) to evaluate profitability trends and operational sustainability.
• Assess any contingent liabilities or commitments not evident from balance sheet figures.