ROX TRANSPORTING SERVICES LIMITED

Executive Summary

ROX TRANSPORTING SERVICES LIMITED presents a low risk profile based on its first filed micro-entity accounts showing positive net assets, good liquidity, and full compliance with filing obligations. Key areas for further review include provisions for liabilities and deferred income items to fully understand potential risks. Overall, the company appears financially stable at inception, though limited operating history warrants ongoing monitoring.

ROX TRANSPORTING SERVICES LIMITED - Analysis Report

Company Number: 14942028

Analysis Date: 2025-07-20 16:06 UTC

1. Risk Rating: LOW

The company ROX TRANSPORTING SERVICES LIMITED demonstrates a solid financial position for a newly incorporated micro-entity, with positive net assets and shareholders’ funds significantly exceeding current liabilities. The absence of overdue filings and a clear ownership structure further support a low risk profile at this early stage.

2. Key Concerns:

   • Provisions for liabilities (£19,000): While modest, these provisions should be scrutinized to understand the nature and potential impact on cash flow or solvency.
   • Accruals and deferred income (£13,500): The presence of deferred income and accruals may indicate timing differences in revenue recognition or expenses that could affect liquidity.
   • Limited operating history: Incorporated in mid-2023 with its first accounts filed for the period ending June 2024, the company’s financial and operational sustainability cannot yet be fully assessed due to limited historical data.

3. Positive Indicators:

   • Healthy net current assets (£75,770): Current assets comfortably exceed current liabilities, indicating sufficient short-term liquidity.
   • Strong equity base (£137,284 net assets/shareholders funds): The company is well-capitalized relative to its size, reducing solvency concerns.
   • Good compliance record: All statutory filings are current with no overdue accounts or confirmation statements.
   • Clear ownership and management: Single PSC with full control and a director who is also the owner, simplifying governance.

4. Due Diligence Notes:

   • Investigate the composition and justification of the provisions for liabilities (£19,000) to assess potential future cash outflows.
   • Review the nature of the prepayments and accrued income (£81,379) and deferred income/accruals (£13,500) to understand revenue recognition and cash flow timing.
   • Monitor operational performance and cash flows in subsequent periods to confirm sustainability beyond the initial start-up phase.
   • Confirm the director’s experience and background in freight transport to evaluate operational capability.
   • Verify that no contingent liabilities or off-balance-sheet risks exist beyond the provisions noted.