RICHCAROL SERVICES LTD
Company number 14265668 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
RICHCAROL SERVICES LTD - Analysis Report
Company Number: 14265668
Analysis Date: 2025-07-29 12:09 UTC
Risk Rating: HIGH
The company’s financial data reveals extremely limited scale and minimal capital base, which poses significant solvency and liquidity risks. With net assets and cash holdings of only £2 reported consistently over three years, the business lacks financial substance to meet obligations or sustain operations.Key Concerns:
- Insufficient Financial Resources: Net current assets and shareholders’ funds of £2 indicate no meaningful working capital or buffer to cover liabilities or operational costs.
- Minimal Operational Scale: The company reports just 2 employees and no turnover or profit figures disclosed, raising questions about business viability and revenue generation.
- Lack of Audited or Detailed Financials: Exemption from audit and absence of profit and loss accounts limit transparency and hinder thorough financial assessment.
- Positive Indicators:
- Compliance with Filing Requirements: Accounts and confirmation statements are filed on time, showing regulatory compliance and good governance on statutory submissions.
- Stable Company Status: The company is active, not in liquidation or administration, and has consistent directors and secretary recorded.
- Clear Accounting Policies: The accounts follow FRS 102 Section 1A for small entities, indicating adherence to applicable accounting standards.
- Due Diligence Notes:
- Investigate trading activity and revenue streams, as no turnover or profit data is available. Confirm business operations beyond minimal financial figures.
- Assess shareholder structure and funding sources to determine if the company is adequately capitalized or reliant on external support.
- Review director and related party transactions for any financial support or loans that are not reflected in the accounts.
- Obtain management accounts or cash flow forecasts to evaluate liquidity and operational sustainability in more detail.
- Verify the nature and scope of services offered under SIC code 98000 (residents property management) and market position.
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