Company Number: 13455266

Analysis Date: 2025-07-20 18:09 UTC

1. Risk Rating: MEDIUM
   The company shows positive net assets and shareholder funds but current liabilities consistently exceed current assets, indicating potential liquidity pressure. The micro-entity scale and small employee count limit operational scale and diversification, which also elevates risk.

2. Key Concerns:

• Liquidity Shortfall: Current liabilities (£10,541 in 2024) exceed current assets (£3,080), resulting in negative net current assets (-£7,461) which may impair the company’s ability to meet short-term obligations.
• Declining Fixed Assets and Current Assets: Fixed assets and current assets both declined notably in the latest year, potentially signaling asset disposals or reduced operational capacity.
• Limited Scale and Single Director Control: As a micro-entity with one employee and sole director/shareholder Stevie Thomas owning 75-100%, business continuity and governance may be vulnerable to individual circumstances.

3. Positive Indicators:

• Positive Net Assets and Shareholders’ Funds: Despite liquidity concerns, net assets improved slightly from £2,680 (2023) to £3,004 (2024) reflecting some retained equity.
• Compliance with Filing Requirements: Accounts and confirmation statements are up to date with no overdue filings, showing regulatory compliance.
• Stable Industry Classification: Operates in a defined construction sector (commercial buildings) with a consistent SIC code, indicating an established business focus.

4. Due Diligence Notes:

• Investigate underlying reasons for the persistent negative net current assets and assess cash flow management practices.
• Review any off-balance sheet liabilities or contingent liabilities not evident in micro-entity accounts.
• Assess dependence on the single director/PSC for operational and financial stability and contingency plans for succession or additional management.
• Confirm no outstanding legal or regulatory issues given the company’s recent incorporation (2021) and micro size.
• Consider obtaining management accounts or cash flow forecasts to better understand short-term liquidity.