Company Number: 13273066

Analysis Date: 2025-07-20 17:38 UTC

1. Risk Rating: LOW
   Justification: Saving Smiles Implants Limited demonstrates a solid liquidity position with positive net current assets increasing substantially year-on-year. The company is active, compliant with filings, and maintains a healthy cash balance relative to current liabilities, mitigating short-term solvency risk.

2. Key Concerns:

• Concentration of control: Two directors each hold between 25-50% share and voting rights, potentially limiting external oversight.
• Modest scale and staffing: Only 2-3 employees on average, indicating limited operational scale which may constrain growth or resilience.
• Absence of audit and limited financial detail: As a small company exempt from audit, financial statements are unaudited, providing less assurance on accuracy and completeness.

3. Positive Indicators:

• Strong growth in net current assets from £244k in 2022 to £609k in 2023, reflecting improved working capital.
• Cash position increased from £215k to £326k, supporting liquidity and operational flexibility.
• No overdue filings or regulatory compliance issues noted; company remains active and in good standing.
• Directors have relevant professional backgrounds (dentist and business manager), suggesting operational and managerial competence.
• Investments increased from £100k to £295k, indicating capital deployment or asset strengthening.

4. Due Diligence Notes:

• Review detailed profit and loss accounts and cash flow statements (not included) to assess operational profitability and cash generation.
• Investigate the nature and valuation of investments (£295k in 2023) for liquidity and risk exposure.
• Confirm the terms and collectability of debtors, especially the £66,904 owed by associated undertakings.
• Assess any contingent liabilities or off-balance sheet risks not apparent in the abbreviated accounts.
• Consider the impact of the small employee base on business continuity and scalability.
• Verify directors’ background checks and governance procedures given the close family control structure.