THE AIR CONDITIONING SPECIALISTS (SOUTHERN) LIMITED
Executive Summary
The Air Conditioning Specialists (Southern) Limited is a recently incorporated small private company with extremely limited financial resources and no recorded employees, indicating very early-stage or inactive operations. While compliant with statutory filing obligations, the nominal net assets and cash position raise a high risk of insolvency without additional funding or operational progress. Further due diligence to clarify trading status and financial plans is strongly recommended before considering investment.
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This analysis is opinion only and should not be interpreted as financial advice.
THE AIR CONDITIONING SPECIALISTS (SOUTHERN) LIMITED - Analysis Report
Risk Rating: HIGH
The company exhibits significant financial and operational concerns given its minimal asset base, absence of employees, and very limited financial disclosures. The nominal net assets and cash balance of £1 indicate an extremely fragile financial position.Key Concerns:
- Minimal Financial Resources: The company reports only £1 in cash and net assets, which is insufficient to cover typical operating expenses or short-term liabilities, raising solvency and liquidity risks.
- No Recorded Employees or Operational Data: The accounts confirm zero employees and no profit and loss account filed, suggesting no substantive trading activity or operational scale to generate revenues or cash flow.
- Limited Financial Transparency: Filing exemption from audit and lack of profit and loss statements restricts insight into business performance, hindering thorough risk assessment.
- Positive Indicators:
- Compliance with Filing Requirements: The company is up to date with both accounts and confirmation statement filings, indicating good regulatory compliance and governance discipline.
- Single Owner and Director: Concentrated ownership and directorship by Mr. Christopher Mark Goodall may facilitate swift decision-making and accountability.
- Due Diligence Notes:
- Investigate Business Activity: Confirm whether the company is trading actively or is in an early or dormant stage. Request management accounts or bank statements for cash flow verification.
- Review Capital Structure and Funding Plans: Ascertain if there are plans or arrangements for capital injection or financing to support operations.
- Director’s Background and Intentions: Assess the owner/director’s experience in the air conditioning installation sector and their strategic business plan.
- Potential Related Party Transactions: Given no employees and minimal assets, verify if services or operations are outsourced or transacted via related entities.
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