Company Number: 14760906

Analysis Date: 2025-07-19 12:06 UTC

1. Risk Rating: LOW
   The company shows a solid net asset position relative to its size and no overdue filings. It has positive working capital and no indications of financial distress from the limited data available.

2. Key Concerns:

• Early Stage: Incorporated in March 2023, the company has a limited operational and financial history, which increases uncertainty.
• Reliance on Director Support: The going concern note explicitly states dependence on ongoing director support, which may indicate limited external financing or operational cash flow at this stage.
• Limited Employee Base: With only two employees reported, there may be operational capacity constraints or dependency on key individuals.

3. Positive Indicators:

• Strong Net Current Assets: £33,957 net current assets indicate good short-term liquidity, with current assets more than twice current liabilities.
• Compliance: No overdue accounts or confirmation statement filings, suggesting good governance and regulatory compliance so far.
• Shareholder Funding: Shareholders' funds of £38,999 provide a modest equity buffer for operational activities.
• Tangible Fixed Assets: Ownership of motor vehicles (net book value £5,040) supports operational capacity in line with the electrical contracting business.

4. Due Diligence Notes:

• Review Detailed Cash Flow: Ascertain actual cash generation and burn rates to confirm liquidity beyond balance sheet snapshots.
• Verify Director Support Arrangements: Understand the nature and extent of the directors’ financial backing or guarantees underpinning the going concern assumption.
• Assess Contractual Pipeline: Evaluate contracts secured or pipeline to assess sustainability of revenue and operational viability.
• Monitor Employee Growth and Operational Scaling: Given the small employee base, assess plans for scaling workforce and operational risks associated with limited personnel.
• Investigate Market and Competitive Position: Understand the company’s positioning within the electrical installation and building completion sector (SIC codes 43390, 43210, 41100).