SCOTT’S RIGGING & LIFTING LTD

Executive Summary

Scott’s Rigging & Lifting Ltd presents a low solvency and liquidity risk profile based on its positive net current assets and compliance with filing obligations. However, the classification as a non-trading entity and the limited financial history warrant further investigation into its operational status and business activity. Overall, the company appears financially stable but early-stage and small-scale, requiring careful due diligence before investment.

SCOTT’S RIGGING & LIFTING LTD - Analysis Report

Company Number: SC745459

Analysis Date: 2025-07-29 20:07 UTC

1. Risk Rating: LOW

Justification: The company, Scott’s Rigging & Lifting Ltd, is a micro-entity with modest current assets exceeding current liabilities by a comfortable margin in the latest financial year. It has filed accounts and confirmation statements on time, with no overdue filings. The shareholder’s funds remain positive and stable, indicating no immediate solvency concerns. The company is active, not in liquidation, and controlled fully by a single director with relevant occupational experience.

2. Key Concerns:

• Declining current assets and current liabilities: The current assets decreased from £13,767 in 2023 to £9,247 in 2024, while current liabilities dropped significantly from £4,656 to £372, which may indicate changes in operational scale or cash management requiring further understanding.
• Industry classification as “Non-trading company” (SIC 74990): This classification suggests the company may not currently be generating trading income, which raises questions about operational activity and revenue generation.
• Limited financial history and small scale: Incorporated recently in late 2022, the company’s financial history is short and limited to micro-entity filings, restricting comprehensive financial trend analysis and increasing reliance on management disclosures.

3. Positive Indicators:

• Positive net current assets and shareholders’ funds: The net current assets were £8,875 in 2024, a healthy working capital position relative to liabilities of £372.
• Timely and compliant filings: Accounts and confirmation statements are up-to-date, demonstrating good regulatory compliance and governance.
• Full ownership and control by an experienced director: Mr. Scott Evan McCombie, a rigger by occupation, owns 75-100% of shares and voting rights, simplifying decision-making and accountability.

4. Due Diligence Notes:

• Investigate the nature of the company’s activities and why it is classified as a “Non-trading company” despite its business sector, to confirm operational status and revenue sources.
• Seek clarification on the drop in current assets and liabilities between 2023 and 2024, to understand any changes in cash flow, receivables, payables, or operational scale.
• Review any underlying contracts, customer base, and pipeline to assess sustainability and growth prospects given the limited financial history.
• Confirm no undisclosed liabilities or contingent risks given the modest asset base and the early stage of the company.