Company Number: 13607940

Analysis Date: 2025-07-20 15:39 UTC

1. Risk Rating: LOW
   The company demonstrates a solid net current asset position with no overdue filings. Recent financials show positive working capital and shareholder funds, indicating a stable short-term financial position.

2. Key Concerns:

• Limited operational history: Incorporated in 2021, with only two full financial years reported, limiting trend analysis and long-term performance assessment.
• Small scale of operations: With only one employee and modest cash balances, the company may face challenges scaling or managing liquidity under stress.
• Concentrated ownership and control: Single director and sole shareholder structure could pose governance risks and limit oversight.

3. Positive Indicators:

• Positive net current assets (£73k) and shareholder funds as of 2023 year-end suggest the company can meet short-term obligations without difficulty.
• No overdue statutory filings (accounts and confirmation statements) indicate good compliance and governance discipline.
• Clear accounting policies and compliance with FRS 102 small companies regime demonstrate adherence to regulatory standards.

4. Due Diligence Notes:

• Verify the nature and collectability of the significant debtors balance (£85,586) to confirm liquidity strength and revenue quality.
• Understand the revenue streams and client concentration given the SIC codes related to performing arts support and reservation services, which may be niche and potentially volatile sectors.
• Assess the director’s plans for growth and capital injection given the limited employee headcount and modest cash balances.
• Review any related party transactions or unusual balances due to sole director/shareholder control.