SPERRIN NETWORK SERVICES LIMITED

Executive Summary

SPERRIN NETWORK SERVICES LIMITED presents a low risk profile supported by improved net assets and solid liquidity. The company is compliant with statutory requirements and not subject to any apparent regulatory concerns. Investors should consider the company’s small scale and single-person control when assessing operational sustainability and governance risks.

SPERRIN NETWORK SERVICES LIMITED - Analysis Report

Company Number: NI687433

Analysis Date: 2025-07-29 16:16 UTC

1. Risk Rating: LOW
   SPERRIN NETWORK SERVICES LIMITED demonstrates a solid improvement in net assets and working capital over the latest financial year, indicating a strengthened financial position. The company is current with all statutory filings and shows no signs of financial distress or regulatory non-compliance.

2. Key Concerns:

• Limited Scale and Resources: As a micro-entity with only one employee (the director), operational capacity and resilience to market fluctuations may be limited.
• Dependence on Single Director/Shareholder: Control and ownership are concentrated in one individual, which may pose governance and succession risks.
• Modest Asset Base: Fixed assets are relatively low, potentially limiting collateral availability and long-term investment capacity.

3. Positive Indicators:

• Improved Financial Position: Net assets increased substantially from approximately £13.6k in 2023 to £59.9k in 2024, with net current assets turning positive to £46.1k.
• Strong Liquidity: Current assets exceed current liabilities by a comfortable margin, suggesting good short-term liquidity.
• Compliance and Governance: The company is active, up-to-date with accounts and confirmation statement filings, and not in liquidation or administration.

4. Due Diligence Notes:

• Review the nature and sustainability of revenue streams underlying the asset growth to ensure operational stability.
• Investigate the reasons behind the significant increase in net assets and the decrease in fixed assets to understand asset composition changes.
• Assess the potential impact of having a single director/shareholder on decision-making and continuity planning.
• Confirm if any contingent liabilities or off-balance-sheet exposures exist given provisions noted in the accounts.
• Validate that the company’s exemption from audit is appropriate and that financial records are reliable given the lack of external audit.