Company Number: 15161705

Analysis Date: 2025-07-20 16:50 UTC

1. Risk Rating: MEDIUM
   The company is newly incorporated (less than one year old) and has modest net assets (£1,900) with slightly negative net current assets (-£194). While it is not currently overdue on filings and has no liquidation or administration status, the limited operating history and near breakeven working capital position present some risk to solvency and liquidity in the short term.

2. Key Concerns:

• Negative Net Current Assets: Current liabilities (£16,653) marginally exceed current assets (£16,459), indicating potential short-term liquidity pressure.
• Limited Operating History: Incorporated in September 2023, the company has less than a full year of financial data, making trend analysis and assessment of operational stability difficult.
• Tax and Social Security Payables: A significant portion of current liabilities (£15,890) relates to taxation and social security, which may indicate cash flow timing risks or obligations that must be managed carefully.

3. Positive Indicators:

• No Overdue Filings: Accounts and confirmation statement are up to date, demonstrating compliance with regulatory requirements.
• Equity Support: Shareholders’ funds exceed net liabilities, providing a small buffer to support operations.
• Clear Ownership and Governance: Two directors with full control and appointment rights, suggesting clear decision-making structure.
• Sector Focus: Operating in engineering-related scientific and technical consulting, which can offer specialist service opportunities with recurring client engagements.

4. Due Diligence Notes:

• Review the company’s cash flow forecasts and working capital management plans to assess how they intend to manage the slight liquidity shortfall.
• Investigate the nature and timing of the tax and social security liabilities to understand if these are accrued amounts or overdue payments.
• Obtain more detailed turnover and profitability data as it becomes available to evaluate operational sustainability beyond the initial year.
• Confirm no director disqualifications or governance issues through official records given the recent formation.
• Monitor subsequent filings for trend development and any changes in financial position or capital structure.