Company Number: 14971212

Analysis Date: 2025-07-20 14:17 UTC

1. Risk Rating: LOW

Justification: The company is newly incorporated (2023), with its first set of accounts filed on time and showing a positive net asset position (£65,447). The net current assets of £38,570 indicate a comfortable short-term liquidity buffer. There are no overdue filings, liquidation, or administration proceedings, and the director and PSC information appears transparent and up to date.

2. Key Concerns:

• Limited operating history: Being less than 1 year old with only one financial period completed, there is insufficient track record to fully assess ongoing operational stability.
• Small scale of operations: Classified as a micro-entity with only 5 employees and relatively modest asset base (£26,877 fixed assets), which may limit scalability and resilience to market shocks.
• Director turnover within first year: The resignation of one director (Sabina Magdalena Motyka) within the first year and replacement by the current director could imply internal changes that warrant understanding.

3. Positive Indicators:

• Strong liquidity position: Net current assets (£38,570) well exceed current liabilities (£23,224), suggesting the company can meet short-term obligations comfortably.
• Timely compliance: No overdue accounts or confirmation statements, indicating sound governance and regulatory compliance.
• Clear ownership and control: One individual (Pshtiwan Majid) holds majority shareholding and directorship, simplifying accountability and decision-making.

4. Due Diligence Notes:

• Review cash flow statements or management accounts if available to verify ongoing liquidity beyond the balance sheet snapshot.
• Investigate reasons behind director resignation and any impact on governance or strategic direction.
• Assess business model sustainability and market conditions for laundry services in Swindon to ensure revenue generation prospects.
• Confirm no contingent liabilities or off-balance sheet risks that might affect solvency.