RK PROJECT SERVICES LTD

Executive Summary

RK Project Services Ltd is a small, micro-entity with a stable financial position characterized by positive net assets and working capital. The company maintains good regulatory compliance and governance under a single controlling director. While scale and fixed asset levels warrant monitoring, no immediate solvency or liquidity red flags are evident based on the available data.

RK PROJECT SERVICES LTD - Analysis Report

Company Number: 13102501

Analysis Date: 2025-07-20 15:09 UTC

1. Risk Rating: LOW
   RK Project Services Ltd demonstrates a solid net asset position with positive working capital and no overdue filings. The company’s financials show growth in net assets and net current assets, indicating improving solvency and liquidity. The micro-entity status and single director structure imply a small but stable operation with limited complexity.

2. Key Concerns:

• Limited scale and single-employee operation may constrain operational resilience and ability to scale.
• Fixed assets have declined over the years, which may reflect limited investment in long-term resources.
• Share capital is minimal (£1.00), indicating reliance on retained earnings or external funding for capital needs.

3. Positive Indicators:

• Consistently positive net current assets (£9,828 at 2023 year-end) show strong short-term liquidity to meet obligations.
• Increasing net assets from £4,253 (2020) to £19,814 (2023) reflects cumulative profitability or capital injections.
• Timely filing of accounts and confirmation statements with no overdue submissions demonstrates good regulatory compliance.
• Director Mr. Ronan Paul Keane holds controlling ownership and management, providing clear governance and decision-making authority.

4. Due Diligence Notes:

• Review the profit and loss accounts to confirm profitability trends supporting net asset growth.
• Investigate the nature and sufficiency of current assets, particularly cash balances and receivables, to assess liquidity quality.
• Clarify reasons behind fixed asset reduction and whether this impacts operational capacity.
• Confirm that the single director structure does not present governance or succession risks.
• Verify no related party transactions or contingent liabilities that could affect financial stability.