Company Number: 15435265

Analysis Date: 2025-07-20 17:28 UTC

1. Risk Rating: LOW
   The company is newly incorporated with a modest but positive net asset position and no overdue filings. The micro-entity accounts show a strong net current asset position relative to liabilities, indicating initial financial stability.

2. Key Concerns:

• Limited Operating History: Incorporated in January 2024, the company has just over one year of financial data, limiting trend analysis and long-term operational insight.
• Business Activity vs. SIC Code: The SIC code 68100 indicates real estate trading, which may not align with the company name "SA9 CONSTRUCTIONS LIMITED," potentially reflecting business model ambiguity.
• Single Shareholder Control: The entire shareholding and voting rights are held by Sran Holdings Limited, concentrating control and possibly affecting governance dynamics.

3. Positive Indicators:

• Healthy Working Capital: Current assets (£100,021) significantly exceed current liabilities (£22,375), resulting in net current assets of £77,646.
• Compliance with Filing Requirements: No overdue accounts or confirmation statements, suggesting good regulatory compliance.
• Clear Governance: Two appointed directors with clear responsibilities and no records of disqualification or compliance concerns.

4. Due Diligence Notes:

• Verify Business Model: Confirm the primary business activities and whether the SIC code accurately reflects operations, particularly given the company name.
• Review Initial Trading Performance: Obtain management accounts or projections to understand cash flow and profitability trajectory beyond the opening balance sheet.
• Assess Shareholder Relationship: Understand the nature of Sran Holdings Limited, its financial position, and its strategic intentions for the company.