Company Number: 13130057

Analysis Date: 2025-07-20 13:01 UTC

1. Risk Rating: LOW
   TEG PROJECTS LTD demonstrates a strong liquidity position and solid net asset growth over recent years. The absence of overdue filings and the presence of a sole director with majority control also support operational stability.

2. Key Concerns:

• Reliance on a single director and controlling shareholder, which can present governance concentration risk.
• Limited scale of operations as indicated by small employee count (2 employees) and micro/small company filing status, which may limit resilience.
• Lack of audit and abridged accounts filing means less transparency into detailed profit and loss and cash flow metrics.

3. Positive Indicators:

• Consistent growth in net assets from £97,574 (2021) to £372,294 (2024), indicating increasing equity and retained earnings.
• Strong liquidity with cash balances rising to £400,352 in 2024 against current liabilities of £111,202, showing comfortable coverage of short-term obligations.
• Timely filing of accounts and confirmation statements, indicating good regulatory compliance.
• Positive net current assets each year demonstrating working capital strength.

4. Due Diligence Notes:

• Review the underlying profit and loss accounts and cash flow statements (not filed publicly) to assess profitability trends and cash generation quality.
• Investigate the nature of the company’s contracts or client base given its industry classification (painting) and relatively small asset base.
• Confirm no contingent liabilities or off-balance sheet risks exist, as abridged accounts can omit such disclosures.
• Clarify the director’s plans for succession or additional governance controls to mitigate concentration risk.