Company Number: 13144479

Analysis Date: 2025-07-20 16:17 UTC

1. Risk Rating: LOW
   SPITZ LTD demonstrates solid financial health for a micro-entity, with growing net assets and strong net current assets well above current liabilities. There is no indication of overdue filings or regulatory non-compliance. The company appears solvent and liquid with a conservative capital structure.

2. Key Concerns:

• Minimal share capital (£2), which is typical for micro-entities but implies limited equity buffer.
• No employees reported in the latest year, which may reflect operational downsizing or reliance on contractors; this requires clarity for sustainability assessment.
• Directors and persons of significant control are closely related and hold equal voting and share control (25-50%), which might concentrate governance risk if not well-managed.

3. Positive Indicators:

• Consistent growth in net assets from £19k (2021) to £63k (2024) showing retained earnings or capital injection.
• Strong liquidity position with net current assets rising from £18.9k to £62k, indicating good short-term financial stability.
• Up-to-date filings with no overdue accounts or confirmation statements, demonstrating regulatory compliance and good governance practice.
• No indication of insolvency proceedings or director disqualifications.

4. Due Diligence Notes:

• Investigate nature of business operations and revenue streams given zero employees reported in latest period. Confirm sustainability of business model.
• Review directors’ governance arrangements given dual control by Spitzer family members to assess any potential related party risks.
• Confirm any contingent liabilities or off-balance sheet commitments not reflected in micro-entity accounts.
• Clarify whether the increase in net assets is driven by profits or capital contributions.
• Verify if there are any plans to scale or hire staff, as lack of employees might impact operational capacity.