Company Number: 15112650

Analysis Date: 2025-07-20 11:35 UTC

1. Risk Rating: HIGH
   The company is newly incorporated (September 2023) with a very limited financial history and minimal net assets (£469). The micro-entity status and very small scale of operations raise concerns about the company’s ability to meet obligations and sustain operations without significant external funding.

2. Key Concerns:

• Minimal Financial Resources: The company holds only £1,029 in current assets against £560 of current liabilities, resulting in a very low net current asset position of £469, which is insufficient to buffer unexpected expenses or cash flow shortfalls.
• Limited Operating History: With just over one year since incorporation and only one employee (the director), there is insufficient evidence of operational stability or revenue generation to support ongoing viability.
• Single Director and Controlling Shareholder: Mr. Harmeet Singh Marwaha holds 75-100% of shares and voting rights, concentrating control and increasing governance risk if key person risk materializes.

3. Positive Indicators:

• Compliance with Filing Obligations: The company is up to date with both accounts and confirmation statement filings, indicating good regulatory compliance to date.
• Clear Ownership and Management: The director and PSC are aligned, which simplifies accountability and decision-making.
• Exemption from Audit: While reflecting micro-entity status, this reduces compliance costs and administrative burden for early-stage operations.

4. Due Diligence Notes:

• Verify the company’s business plan and sources of funding to assess how it intends to build working capital and generate sustainable revenue.
• Confirm whether any external financing or guarantees are in place to support liquidity needs.
• Review potential related party transactions given the sole director/shareholder structure.
• Monitor future filings for evidence of revenue growth, profitability, and improved balance sheet strength.
• Investigate any business contracts or client commitments to validate operational viability in the electrical installation sector (SIC 43210).