Company Number: 13526418

Analysis Date: 2025-07-20 15:47 UTC

1. Risk Rating: LOW
   The company demonstrates a solid net current asset position and positive shareholders' funds with no overdue filings, indicating a low risk of insolvency or liquidity issues at this stage.

2. Key Concerns:

• Declining net current assets: Net current assets decreased from £112,274 in 2022 to £53,148 in 2023, which may indicate reduced liquidity or operational cash generation.
• Limited scale of operations: The company has only one employee (the director), which may present operational concentration risk and sustainability concerns if key personnel are unavailable.
• Reliance on a single director and PSC: Mark De Klerk holds significant control and is the sole director, potentially raising governance risks if succession or additional oversight is lacking.

3. Positive Indicators:

• Compliance: All statutory accounts and confirmation statements are filed timely with no overdue status, evidencing good regulatory compliance.
• Positive net current assets and shareholders’ funds: The company maintains a comfortable buffer of current assets over liabilities, supporting short-term solvency.
• Micro-entity accounting: The company benefits from simplified reporting requirements, reflecting its manageable size and scope.

4. Due Diligence Notes:

• Investigate the reason for the significant reduction in current assets and net current assets between 2022 and 2023 to assess if cash flow or receivables issues exist.
• Review business model and revenue streams to evaluate sustainability given the very small operational scale and employee count.
• Confirm no undisclosed liabilities or contingent risks, especially given the sole control by one individual and no audit requirement.
• Assess background and track record of the director/PSC for any past governance or compliance concerns.