THE MAYDAY SERVICES GROUP LIMITED

Executive Summary

THE MAYDAY SERVICES GROUP LIMITED is a newly established micro-entity displaying a sound net asset position and strong compliance with statutory filings. While early operational scale and sole director control present typical micro-business risks, the company’s financial position currently suggests low solvency and liquidity risk. Further due diligence on cash flows and business operations is recommended for a comprehensive risk assessment.

THE MAYDAY SERVICES GROUP LIMITED - Analysis Report

Company Number: 13953091

Analysis Date: 2025-07-20 14:49 UTC

1. Risk Rating: LOW

Justification: THE MAYDAY SERVICES GROUP LIMITED is a very recently incorporated micro-entity with clean and timely filings. The company shows a strong net current asset position (£64,938) as at 31 March 2024 and no outstanding long-term liabilities. The shareholder’s funds mirror the net assets, indicating capital backing. The single director and controlling shareholder, Dave Hughes, appears stable with no adverse records. The company is active, not in liquidation, and has complied with filing deadlines.

2. Key Concerns:

• Limited financial history and scale: Only two full financial years since incorporation, with small absolute asset values and minimal employee count (1), indicating early-stage operations.
• No fixed assets and reliance on current assets: Absence of fixed assets may suggest lack of physical capital, which could affect operational capacity or scalability in electrical installation.
• Single-person control and director: While common in micro businesses, sole control concentrates operational and governance risk which may impact continuity or decision-making transparency.

3. Positive Indicators:

• Positive net current assets and net assets: The company has a healthy working capital position with current assets significantly exceeding current liabilities.
• No overdue filings: Both accounts and confirmation statements are filed on time, indicating good compliance and governance.
• Clear ownership and management: The sole director and 75-100% shareholder is identified, reducing complexity in ownership structure and potential agency issues.

4. Due Diligence Notes:

• Review cash flow statements and bank reconciliations to confirm liquidity beyond the balance sheet snapshot.
• Assess contract pipeline or revenue projections to evaluate operational sustainability and growth prospects.
• Investigate any related party transactions or guarantees given the sole director’s dominant control.
• Confirm no director disqualifications or adverse regulatory actions through formal checks beyond Companies House.
• Validate the nature of current assets (cash, receivables) and any contingent liabilities not reflected in the micro-entity accounts.