Company Number: 14406017

Analysis Date: 2025-07-29 19:10 UTC

1. Risk Rating: HIGH

Justification: SUPA WARES LTD is a newly incorporated micro-entity with minimal financial activity and very limited assets (£452 net assets as at 31 October 2023). The absence of fixed assets and negligible current assets indicate minimal operating scale and capital. There are no current liabilities, which is positive, but also suggests very limited business transactions or scale. The company is only about two years old with no revenue or profitability data disclosed, which heightens uncertainty about its operational sustainability and ability to meet future obligations.

2. Key Concerns:

• Minimal financial resources: Net assets of only £452 with no fixed assets and very low current assets raise concerns about capital adequacy and solvency if obligations arise.
• Lack of trading history or income statement: The accounts filed are micro-entity abbreviated accounts without income statement disclosure, limiting insight into profitability or cash flow generation.
• Limited operational scale: Only 2 employees including directors; no indication of active contracts, revenue, or customers; potential risk to business continuity.

3. Positive Indicators:

• Compliance up to date: No overdue filings for accounts or confirmation statements, indicating good regulatory compliance and governance discipline.
• Directors and PSCs disclosed with no adverse records: Both directors are active and hold control with no disqualification or negative conduct records apparent.
• No liabilities reported: Current liabilities are zero, reducing immediate solvency risk from debts or payables.

4. Due Diligence Notes:

• Investigate current trading status and revenue generation beyond balance sheet figures.
• Review any off-balance sheet commitments, contracts, or contingent liabilities not disclosed in micro-entity accounts.
• Assess cash flow forecasts or management accounts if available to evaluate liquidity position.
• Confirm absence of adverse director conduct or regulatory investigations beyond public records.
• Understand business plan and capitalization strategy to determine sustainability.