Company Number: 15076721

Analysis Date: 2025-07-29 17:26 UTC

1. Risk Rating: LOW
   TCH Cleaning Services Ltd is a recently incorporated micro-entity with filed accounts showing positive net current assets and no overdue filings. The company is active, compliant with filing deadlines, and presents a modest but positive net asset position, indicating low immediate solvency and liquidity risk.

2. Key Concerns:

• Limited Financial History: Incorporated in August 2023, the company has only one financial period filed, limiting trend analysis and assessment of operational stability.
• Small Scale Operations: With only two employees and small asset base, the company’s scale may limit resilience to economic or sector-specific shocks.
• Director Resignation: One of two original directors resigned within the first year; while not unusual for startups, this warrants understanding of governance continuity.

3. Positive Indicators:

• Positive Working Capital: Net current assets of £3,187 indicate that current liabilities are covered by current assets, suggesting the company can meet short-term obligations.
• Timely Compliance: No overdue accounts or confirmation statements, indicating good regulatory compliance and governance discipline.
• Clear Ownership Structure: Two directors each controlling 25-50% shares/voting rights provide transparency in control and decision-making.
• Micro-Entity Status: Enables simplified reporting, reducing administrative burden and costs, beneficial for operational focus.

4. Due Diligence Notes:

• Obtain management accounts or cash flow forecasts to verify liquidity and operational cash flow beyond the single financial year.
• Investigate reasons for director resignation and ensure the current director has capacity and experience to sustain business operations.
• Confirm customer base and contract stability in the cleaning services sector to assess revenue sustainability.
• Review any related party transactions or financial support arrangements not evident in micro-entity filings.
• Monitor subsequent filings to ensure continued compliance and financial performance.