THE PERFORM EXPERIENCE LIMITED
Executive Summary
THE PERFORM EXPERIENCE LIMITED is a newly formed micro-entity with minimal financial data but currently exhibits low risk based on compliance and solvency indicators. The company’s limited size and asset base warrant ongoing monitoring as it develops its business operations. No immediate regulatory or operational red flags are evident from the first year’s filings.
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This analysis is opinion only and should not be interpreted as financial advice.
THE PERFORM EXPERIENCE LIMITED - Analysis Report
- Risk Rating: LOW
Justification: THE PERFORM EXPERIENCE LIMITED is a recently incorporated micro-entity with minimal financial activity reflected in its first set of accounts. The company shows positive net current assets, no overdue filings, and a sole controlling shareholder/director with full voting rights. The financial data and compliance status indicate low immediate risk, typical for a new small business.
- Key Concerns:
- Limited Financial History: With incorporation in April 2023 and accounts only for a little over one year, there is insufficient financial history to assess operational performance or stability.
- Minimal Asset Base and Capitalisation: The company has very low current assets (£173) and net current assets (£38), indicating limited financial resources to absorb shocks or fund operations.
- Single Point of Control: One individual holds 75-100% ownership and voting rights, concentrating control and decision-making risk.
- Positive Indicators:
- Compliance with Filing Requirements: Accounts and confirmation statement filings are up to date with no overdue notices, reflecting good regulatory compliance.
- Positive Net Current Assets: Despite small amounts, the company maintains net current assets, suggesting it can currently meet short-term liabilities.
- Clear Corporate Governance: Directors are properly appointed and domiciled in the UK, with no indications of disqualifications or governance issues.
- Due Diligence Notes:
- Review Business Model and Revenue Streams: Understand the company’s operational plan given the micro-entity status and low asset base.
- Monitor Future Financial Reports: Subsequent accounts will be critical to evaluate growth, profitability, and liquidity trends.
- Assess Director Backgrounds and Related Party Transactions: Given concentrated ownership, any related party dealings or director transactions should be scrutinized for governance risks.
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