SPECIFIC PLUMBING AND GAS SERVICES LTD

Executive Summary

Specific Plumbing and Gas Services Ltd demonstrates a solid financial footing with positive net assets and liquidity metrics, supported by consistent earnings retention and asset investment. The company maintains good compliance with no overdue filings, but the relatively small operational scale and creditor concentration should be monitored. Further due diligence on receivables and director loan terms is advisable to confirm ongoing financial stability.

SPECIFIC PLUMBING AND GAS SERVICES LTD - Analysis Report

Company Number: SC754366

Analysis Date: 2025-07-29 17:27 UTC

1. Risk Rating: LOW
   The company appears financially stable with positive net assets and net current assets. It meets its short-term obligations with a healthy working capital position and shows no overdue filings or regulatory issues.

2. Key Concerns:

• Elevated director’s loan balance (£1,677) which, although repayable on demand and interest-free, could represent potential liquidity risk if not managed carefully.
• Increase in trade creditors and other creditors in 2025 (£7,023 and £3,994 respectively) compared to prior year, warranting monitoring for payment terms and creditor concentration risk.
• Relatively small scale of operations and single employee (the director), which may limit operational resilience and growth potential.

3. Positive Indicators:

• Consistent growth in net assets from £13,857 in 2024 to £21,904 in 2025 indicating retained earnings accumulation and capital strengthening.
• Positive net current assets (£17,402 in 2025) reflecting sufficient short-term liquidity to meet current liabilities.
• No overdue statutory filings or compliance issues, reflecting good governance and regulatory adherence.
• Tangible asset base increasing with investment in motor vehicles and plant & machinery, supporting operational capacity.

4. Due Diligence Notes:

• Review the nature and collectability of the substantial increase in "other debtors" (£14,800) to assess liquidity risk around receivables.
• Evaluate the terms and repayment plan of the director’s loan to ensure it does not compromise cash flow.
• Confirm the sustainability of revenue and profitability trends beyond the limited financial data available given the company’s recent incorporation (2023).
• Assess client and supplier concentration risks, given the small scale and trade creditor increases.
• Verify absence of any director conduct issues or regulatory sanctions beyond the Companies House data.