Company Number: 13199666

Analysis Date: 2025-07-20 19:17 UTC

1. Risk Rating: LOW
   Safeshore Limited demonstrates strong balance sheet metrics with substantial net current assets and net assets relative to liabilities. The company is compliant with filing deadlines and maintains an active status. No indications of insolvency, liquidation, or regulatory non-compliance are evident from the data.

2. Key Concerns:

• Concentration of Debtors: Debtors amount to approximately £4.96 million, nearly all owed by participating interests, indicating counterparty concentration risk and potential collectability issues.
• Zero Cash Holdings: The latest accounts report zero cash at bank, which could signal liquidity challenges if debtor payments are delayed.
• Minimal Share Capital: The company has a nominal share capital of £2, which while common for private limited companies, may limit equity buffer in financial stress scenarios.

3. Positive Indicators:

• Strong Net Current Assets: Net current assets exceed £3.1 million, signifying the company has sufficient current assets to cover short-term liabilities.
• Consistent Net Asset Base: Net assets have remained stable over the past three years around £3.15 million, reflecting financial stability.
• On-Time Filings and Active Status: No overdue accounts or confirmation statements, indicating good governance and compliance practices.
• Directors and PSC Transparency: Both directors and persons with significant control are clearly identified with no adverse records indicated.

4. Due Diligence Notes:

• Investigate the nature and collectability of the large debtor balances from participating interests to assess credit risk and cash conversion reliability.
• Review recent cash flow statements and bank reconciliations to understand liquidity management given the absence of cash at year end.
• Clarify the company's revenue generation model and operational sustainability, especially since turnover figures and profit & loss details are not disclosed.
• Confirm whether any related party transactions exist that could impact financial position or risk profile.
• Validate the adequacy of provisions for liabilities given the small provision balance relative to creditor amounts.