Company Number: 13528496

Analysis Date: 2025-07-29 19:26 UTC

1. Risk Rating: LOW
   Springfield Autos Limited demonstrates a modest but positive net asset position with current liabilities covered by current assets, no overdue filings, and active director oversight. The company is small, with limited fixed assets and a simple capital structure, reducing complexity and associated risks.

2. Key Concerns:

• Thin Working Capital Cushion: Net current assets are positive but only £782, indicating a slim margin for liquidity shocks given creditors slightly exceed £12,600 against cash of £1,844.
• Limited Scale and Operating History: Incorporated in mid-2021 with only one employee and relatively low asset base, the company’s operational sustainability depends heavily on continued business development and cash flow management.
• Unaudited Abridged Accounts: While common for small companies, lack of audit reduces external assurance on financial accuracy and completeness, necessitating trust in management disclosures.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are up to date, indicating good regulatory compliance and governance discipline.
• Positive Net Asset Position: Net assets of £1,112 exceed liabilities, suggesting solvency at the reporting date.
• Single Shareholder with Control: The sole director and 100% owner being the same person may facilitate swift decision-making and aligned interests, supporting operational stability.

4. Due Diligence Notes:

• Confirm the company’s revenue trends and profitability beyond balance sheet snapshots, as turnover and profit/loss figures are not disclosed here.
• Assess the nature and aging of debtors (£11,589) to evaluate collectability and cash flow risk.
• Verify the director’s capacity and plans for business growth given the micro scale and single employee status.
• Review any contingent liabilities or off-balance sheet exposures not apparent in abridged accounts.