Company Number: 13527504

Analysis Date: 2025-07-20 15:58 UTC

1. Risk Rating: LOW to MEDIUM
   The company demonstrates a positive net asset position and positive working capital, indicating an ability to meet short-term liabilities. However, the reduction in cash and net assets from 2023 to 2024 and limited operational scale warrant moderate caution.

2. Key Concerns:

• Decreasing cash balance and net assets: Cash reduced from £32,843 to £20,698 and net assets fell from £34,555 to £24,575, suggesting potential tightening of liquidity or profitability pressures.
• Limited scale and operational size: Only 1 employee on average, minimal tangible fixed assets, and modest current liabilities, which may limit operational resilience and scalability.
• Lack of audit and minimal financial disclosures: Accounts are unaudited under small company exemptions and the profit and loss account was not filed, restricting insight into profitability trends and operational cash flows.

3. Positive Indicators:

• Positive net current assets and net assets throughout the reported years, showing the company is not currently overleveraged.
• No overdue filings or compliance issues; accounts and confirmation statements are up to date.
• Clear ownership and governance: Single director and 75-100% shareholder with no conflicting appointments or disqualifications noted.

4. Due Diligence Notes:

• Investigate the underlying cause for the decline in cash and net assets during 2023-2024 and verify the company’s profitability and cash flow generation given the absence of a profit and loss filing.
• Confirm the operational model and how sustainable it is with a single employee and limited fixed assets. Assess dependency on the director and any key customer or supplier concentrations.
• Review any off-balance sheet liabilities or contingent risks not disclosed in the limited accounts.
• Verify governance and operational controls given the single director structure to ensure adequate oversight and risk management.