STEVEN FISHER RESIN LTD

Executive Summary

Steven Fisher Resin Ltd is a newly formed micro-entity with limited net assets and significant long-term liabilities, resulting in a high solvency risk profile at this early stage. While compliance filings are up to date and ownership is clear, the company’s financial structure and operational scale warrant close scrutiny before investment. Further due diligence on creditor terms, cash flows, and business viability is essential to assess sustainability.

STEVEN FISHER RESIN LTD - Analysis Report

Company Number: NI701258

Analysis Date: 2025-07-19 12:05 UTC

1. Risk Rating: HIGH
   The company shows a concerning solvency profile with net assets of only £1,674 against significant long-term creditors of £51,263. The imbalance between current assets and liabilities further suggests financial strain despite being a micro-entity in its first financial period.

2. Key Concerns:

• High Long-Term Liabilities: Creditors due after more than one year total £51,263, which is substantial relative to total assets, raising solvency risks.
• Minimal Net Assets and Equity: Shareholders’ funds are very low at £1,674, indicating limited financial buffer to absorb losses or fund operations.
• Single Employee and Early Stage: As a newly incorporated entity with one employee (the director), operational sustainability and business scale are unproven.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are filed on time, indicating compliance with statutory requirements.
• Ownership and Control Transparency: The sole director and 100% owner is disclosed, simplifying governance oversight.
• Micro-Entity Status: The company benefits from simplified accounting and reporting requirements, reducing compliance complexity and costs.

4. Due Diligence Notes:

• Examine Nature of Long-Term Creditors: Identify counterparties and terms (e.g., loans, supplier credit) to assess repayment risk and covenants.
• Review Cash Flow and Funding Sources: Evaluate liquidity management, cash reserves, and any external financing arrangements to understand short-term solvency.
• Assess Business Model and Revenue Streams: Confirm operational viability and prospects for growth given the construction installation SIC code and current scale.
• Director’s Background and Capacity: Given sole director status and occupation, verify experience and ability to manage financial and operational risks.
• Future Financial Plans: Investigate plans for capital injection or debt restructuring to improve the balance sheet.