Company Number: 14471287

Analysis Date: 2025-07-20 11:52 UTC

1. Risk Rating: MEDIUM
   The company exhibits a modest net asset position with positive working capital, indicating basic solvency at this early stage. However, limited financial history and a single director/shareholder structure elevate the risk profile. Overdue confirmation statement filing is a regulatory concern.

2. Key Concerns:

• Limited Financial History: Incorporated in late 2022 with only the first set of micro-entity accounts filed; insufficient data to assess operational performance or trends.
• Overdue Confirmation Statement: Last filed on 2023-11-07 but next due 2024-11-21 is marked overdue, raising compliance concerns.
• Small Scale and Concentrated Control: One director who is also sole shareholder may limit governance oversight and increase operational risk.

3. Positive Indicators:

• Positive Net Current Assets (£2,412) showing ability to cover short-term liabilities.
• No overdue annual accounts filings; accounts filed timely to 2023-11-30.
• Operating in a well-defined niche (plumbing, heating installation) with a presumably stable demand base.

4. Due Diligence Notes:

• Confirm reason and status of overdue confirmation statement filing and ensure resolution to avoid penalties.
• Request management commentary or forecasts to understand business plan and expected cash flow sustainability given limited current assets.
• Verify absence of director disqualifications or reputational issues given single-person control.
• Monitor financials and filings annually to detect emerging trends or risks as company matures.