SA9 CONSTRUCTIONS LIMITED

Executive Summary

SA9 CONSTRUCTIONS LIMITED is a newly formed micro-entity with a solid net asset base and compliant filing history, indicating low immediate risk. However, limited operational history and potential discrepancies between business name and SIC classification warrant further inquiry. Concentrated ownership suggests governance should be reviewed for potential control risks.

SA9 CONSTRUCTIONS LIMITED - Analysis Report

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.