Company Number: 13492799

Analysis Date: 2025-07-29 14:25 UTC

1. Risk Rating: LOW

Justification: Ro Waste Removal Ltd demonstrates a stable financial position with positive net current assets and net assets that have increased year-on-year since incorporation in 2021. The company is compliant with filing requirements and shows no signs of insolvency or overdue returns. The director holds full control, and there are no adverse governance flags in the data provided.

2. Key Concerns:

• Director Loan Exposure: The company owes £8,789 to the sole director as of the latest year end, a significant portion of current liabilities (68%). This related-party loan should be monitored for potential impact on liquidity and governance.
• Limited Scale and Growth Data: The company remains small with only one employee and minimal fixed assets, which may constrain operational scalability and resilience.
• Profit & Loss Omission: The profit and loss account has not been delivered to Companies House, limiting visibility into profitability, revenue trends, and operational cash flow generation.

3. Positive Indicators:

• Strong Liquidity Position: Cash assets increased from £18,701 to £27,900 over the last financial year, supporting short-term obligations comfortably.
• Positive Net Current Assets and Equity Growth: Net current assets are positive and growing (£13,008 to £15,017), with net assets increasing by ~12.5% in the last year, indicating retained earnings or capital injection.
• Good Compliance Record: No overdue accounts or confirmation statements, suggesting sound governance and adherence to statutory requirements.
• Sole Director with Full Control: Clear control and accountability with one director owning 75-100% shares and voting rights, potentially enabling swift decision-making.

4. Due Diligence Notes:

• Obtain and review the profit and loss account and cash flow statement to assess operational profitability and cash flow sufficiency.
• Clarify the nature and terms of the director loan to evaluate any risks related to repayment or potential conflicts of interest.
• Investigate the company’s revenue model and contracts to assess sustainability and growth prospects given its small scale and staffing.
• Confirm no director disqualifications or regulatory issues beyond what is disclosed.
• Review any contingent liabilities or off-balance sheet commitments not reflected in the accounts.