STEVE'S CAR SALES AND SERVICING LIMITED

Executive Summary

STEVE'S CAR SALES AND SERVICING LIMITED shows a low risk profile based on its balance sheet strength, positive net current assets, and compliance with filing requirements. However, the notable reduction in fixed assets requires further review to understand implications for operational capacity. Overall, the company appears financially stable and expanding modestly in staff size.

STEVE'S CAR SALES AND SERVICING LIMITED - Analysis Report

Company Number: 13233476

Analysis Date: 2025-07-20 15:46 UTC

1. Risk Rating: LOW
   The company demonstrates solid net asset growth and a strong positive net current asset position, indicating a sound solvency and liquidity profile. There are no overdue filings or regulatory compliance issues noted.

2. Key Concerns:

• Significant decline in fixed assets from £1.43 million in 2023 to £671k in 2024, which may reflect asset disposals or impairment and warrants further inquiry.
• Current liabilities remain relatively high (£438k), requiring monitoring to ensure ongoing liquidity despite strong net current assets.
• Limited financial disclosure due to micro-entity status restricts detailed profitability and cash flow analysis.

3. Positive Indicators:

• Net assets increased from £968k in 2023 to £1.05 million in 2024, showing growth in shareholder equity.
• Net current assets improved markedly to £380k in 2024, reflecting enhanced short-term financial stability.
• The company is compliant with filing deadlines for accounts and confirmation statements, suggesting good governance practices.
• The average number of employees doubled from 2 to 4, indicating operational expansion.

4. Due Diligence Notes:

• Investigate the nature and reason behind the substantial reduction in fixed assets between 2023 and 2024 to assess impact on operational capability.
• Review cash flow statements and profit & loss accounts (if available) for profitability and working capital trends beyond balance sheet snapshots.
• Confirm absence of contingent liabilities or off-balance sheet obligations that could affect liquidity or solvency.
• Verify director reputation and any external credit references to ensure no hidden governance or reputational concerns.