TEKFIT CLADDING AND ROOFING LIMITED

Executive Summary

Tekfit Cladding and Roofing Limited is a recently formed small roofing services company with a modest financial position and no apparent regulatory or compliance issues. While it currently shows a positive net asset position and up-to-date filings, limited financial history and a tight working capital position warrant further review of debtor quality and business sustainability plans. Overall, the risk profile is assessed as low at this early stage.

TEKFIT CLADDING AND ROOFING LIMITED - Analysis Report

Company Number: 15218145

Analysis Date: 2025-07-20 13:40 UTC

1. Risk Rating: LOW

Justification: Tekfit Cladding and Roofing Limited is a newly incorporated private limited company with a very small balance sheet and minimal liabilities. The company's financials as of 31 October 2024 show a positive net current asset position and positive net assets, which indicates it can meet short-term obligations. The director and sole significant controller is clearly identified, and there are no overdue filings or regulatory compliance issues noted.

2. Key Concerns:

• Limited Financial History: Being incorporated in October 2023, there is only one accounting period of financial data available, which limits the ability to assess trends or operational sustainability fully.
• Minimal Asset Base: With fixed assets of only £142 and net assets of £162, the company's tangible resources are very limited, which may constrain operational capacity or ability to absorb financial shocks.
• Debtors Close to Current Liabilities: The company’s current liabilities (£13,240) are close in value to its debtors (£13,117), which may suggest tight working capital management is required, and any delay in debtor payments could impact liquidity.

3. Positive Indicators:

• Positive Net Current Assets: Despite the small scale, the company reports net current assets of £20, indicating it can currently meet short-term liabilities.
• Compliance with Filings: All statutory filings including accounts and confirmation statements are up to date with no overdue reports or penalties.
• Clear Ownership and Management: The sole director and 75-100% shareholder is identified with no adverse conduct records, providing clear governance accountability.

4. Due Diligence Notes:

• Verify Nature and Collectability of Debtors: Given the high level of debtors relative to liabilities, it is important to review the aging and collectability of receivables to assess liquidity risk.
• Assess Business Plan and Cash Flow Forecasts: As a very new entity with limited assets, reviewing management’s plans for operational funding and growth is critical.
• Confirm No Undisclosed Liabilities or Off-Balance Sheet Commitments: Early-stage companies sometimes have contingent liabilities not yet reflected in accounts.