Company Number: 13120790

Analysis Date: 2025-07-20 14:00 UTC

1. Risk Rating: LOW
   The company demonstrates a stable net asset position with positive net current assets and net assets growth over recent years. There are no overdue filings or indications of regulatory non-compliance. The ownership and control are concentrated but transparent.

2. Key Concerns:

• Reliance on a single director and majority shareholder could pose governance risks.
• Limited fixed assets and small scale of operations suggest potential vulnerability to market fluctuations or operational disruptions.
• Micro-entity status implies limited financial disclosure, restricting full assessment of profitability and cash flows.

3. Positive Indicators:

• Consistent positive net current assets and net assets across four years, indicating the company can meet short-term liabilities.
• No overdue accounts or confirmation statements, reflecting good regulatory compliance.
• The company has shown modest growth in net assets from £21,387 in 2021 to £31,433 in 2024.

4. Due Diligence Notes:

• Review detailed profit and loss statements or cash flow data not included in micro-entity accounts to assess operational profitability and liquidity trends.
• Verify the nature of current liabilities and the company's ability to service them on time, especially considering the modest asset base.
• Assess potential related party transactions or director loans given the sole director and shareholder status.
• Investigate business model sustainability and client concentration risks in photographic activities under SIC codes 74209 and 74201.
• Confirm no director disqualification or adverse records beyond Companies House basic data.