SARACEN LETTINGS LTD

Executive Summary

SARACEN LETTINGS LTD is a small-scale, micro-entity private limited company exhibiting low solvency and liquidity risk with modest but improving net assets and full compliance with filing obligations. The business's limited size and ownership concentration warrant closer operational and governance review, but current financials suggest stable short-term sustainability. Further due diligence on revenue quality and internal controls is recommended to confirm longer-term viability.

SARACEN LETTINGS LTD - Analysis Report

Company Number: 13524071

Analysis Date: 2025-07-29 13:13 UTC

1. Risk Rating: LOW
   SARACEN LETTINGS LTD demonstrates a stable micro-entity financial position with positive net current assets and no overdue filings. The company shows consistent growth in net assets, modest liabilities, and compliance with statutory requirements, indicating low immediate financial risk.

2. Key Concerns:

• Very limited scale of operations reflected by micro-entity status and minimal asset base (£1,500 net assets), which may limit operational resilience.
• Single director and shareholder concentration (Mrs Afia Khatun Rahman controls 75-100%), posing governance and succession risks.
• Limited employee base (average 1 employee) suggesting potential dependency on key individuals and constrained operational capacity.

3. Positive Indicators:

• Timely filing of accounts and confirmation statements with no overdue returns, indicating good regulatory compliance.
• Increasing net current assets from £162 in 2023 to £1,500 in 2024, showing improvement in working capital position.
• Business activity classified under SIC 68320 (management of real estate on a fee or contract basis), a service-oriented sector with generally low capital intensity and potentially steady cash flow.

4. Due Diligence Notes:

• Review detailed profit and loss accounts (not provided) to assess revenue trends, profitability, and cash flow sufficiency.
• Investigate the nature and sustainability of contracts or fee income underpinning the real estate management activity.
• Confirm existence of adequate internal controls and contingency plans given the high ownership concentration and single employee.
• Scrutinize any related party transactions or financial dependencies linked to the director/shareholder.
• Verify any off-balance sheet liabilities or contingent risks not reflected in micro-entity accounts.