SOURC 'N' PROC LTD

Executive Summary

SOURC 'N' PROC LTD presents a low financial risk profile based on stable net assets and timely statutory compliance, typical of a micro-entity. However, the limited financial disclosure and minimal operational scale warrant further due diligence to confirm business viability and liquidity. Overall, the company appears solvent and compliant but remains small and closely held, which may impact its operational resilience.

SOURC 'N' PROC LTD - Analysis Report

Company Number: 13239021

Analysis Date: 2025-07-29 20:15 UTC

1. Risk Rating: LOW

Justification: SOURC 'N' PROC LTD is a micro-entity with stable reported net assets of £4,541 over the last four financial years. The company is current with all statutory filings and has no overdue accounts or confirmation statements, indicating good compliance. The presence of net current assets equal to current assets suggests no current liabilities, supporting short-term solvency.

2. Key Concerns:

• Minimal Financial Scale: The company's total net assets and share capital are very low (£4,541 and £100 respectively), reflecting a very small capital base which could limit financial resilience against shocks.

• Limited Financial Detail: As a micro-entity, the accounts provide minimal financial disclosure, restricting insight into operational performance, profitability, or cash flows.

• Single Employee and Director Concentration: The company has only one employee and one director, which may raise concerns about operational continuity and governance robustness.

3. Positive Indicators:

• Compliance and Filing Timeliness: No overdue accounts or confirmation statements demonstrate regulatory adherence and good governance discipline.

• Consistent Financial Position: Identical asset and equity figures over four years suggest stability in the company's financial structure, with no apparent deterioration.

• Clean Company Status: The company is active, not in liquidation or administration, and there are no indications of director disqualifications or legal issues.

4. Due Diligence Notes:

• Verify Operational Activity: Investigate the nature and scale of business activities given the micro-entity status and static financial figures.

• Review Cash Flow and Profitability: Obtain management accounts or bank statements to assess liquidity beyond balance sheet snapshots.

• Assess Director and Employee Dependency Risks: Understand contingency plans or succession strategies given the single director and employee setup.

• Confirm No Undisclosed Liabilities: Check for any off-balance sheet commitments or contingent liabilities not reflected in micro-entity accounts.