Company Number: 13557603

Analysis Date: 2025-07-19 13:03 UTC

1. Risk Rating: LOW
   Roccia Bathrooms Ltd demonstrates strong liquidity and solvency positions based on its latest filed accounts. The company has grown net current assets substantially, with a healthy cash balance and positive shareholders’ funds. There are no overdue filings or indications of regulatory non-compliance.

2. Key Concerns:

• Reliance on trade debtors: Debtors increased significantly from £36.9k in 2023 to £272k in 2024, which may pose collection risk if not managed carefully.
• Concentration of control: All three directors share the same surname and address, suggesting potential governance risks if decision-making is concentrated.
• Lack of audited accounts: The company qualifies for exemption from audit, but unaudited financials limit external assurance on the accuracy of reported figures.

3. Positive Indicators:

• Strong liquidity: Cash at bank increased to £577k in 2024, supporting operational cash flow needs and creditor payments.
• Growing net current assets: A rise from £193k to £488k between 2023 and 2024 signals strengthening working capital.
• Compliance: All statutory accounts and confirmation statements are filed on time with no overdue filings, indicating good regulatory compliance.

4. Due Diligence Notes:

• Verify the nature and aging of trade debtors to assess collectability and credit risk exposure.
• Review related-party transactions or contracts given the directors’ shared control to identify any conflicts of interest.
• Confirm the company’s business model and revenue recognition policies, especially given the increase in debtors and stock levels.
• Assess pension scheme obligations or contingent liabilities not detailed in summary accounts.
• Consider obtaining management accounts or cash flow forecasts for more current operational insight.