Company Number: 14736848

Analysis Date: 2025-07-29 13:21 UTC

1. Risk Rating: LOW to MEDIUM
   Given the company’s recent incorporation in March 2023 and micro-entity status, the financial data is limited but does not indicate immediate solvency or liquidity concerns. Positive net current assets and net assets support a low to medium risk rating at this stage, but the very early stage of operations and limited financial history suggest some caution.

2. Key Concerns:

• Limited Operating History: Incorporated less than two years ago, the company’s operational and financial track record is minimal, which inherently increases risk due to lack of historical performance data.
• Modest Net Asset Base: Net assets of £6,192 and net current assets of £5,497 are low absolute values, which means the company has limited capital buffer to absorb shocks or unexpected expenses.
• Single Director and Shareholder Control: The company is fully controlled by one individual, which concentrates operational and corporate governance risk in a single person without apparent checks and balances.

3. Positive Indicators:

• Compliance with Filing Requirements: Annual accounts and confirmation statements are up to date, indicating responsible management and regulatory compliance.
• Positive Working Capital: Current assets exceed current liabilities by £5,497, suggesting the company can meet short-term obligations.
• No Overdue Filings or Auditor Concerns: The company qualifies for micro-entity audit exemption and has filed unaudited accounts timely without qualification.

4. Due Diligence Notes:

• Review the company’s profit and loss account and cash flow statements when available to better assess operational sustainability and liquidity trends.
• Investigate the nature and terms of creditors and accruals, especially the £4,724 in accruals and £2,415 in long-term liabilities, to understand upcoming cash flow obligations.
• Assess business model viability given the SIC codes related to unlicensed carriers and freight transport, and verify operational licenses or permits as applicable.
• Consider obtaining background information on the sole director/shareholder to evaluate management capability and any potential related party transactions.