Company Number: 14395361

Analysis Date: 2025-07-29 13:53 UTC

1. Risk Rating: HIGH
   The company shows significant negative net assets (£-2,883) and net current liabilities (£-2,224) as of its first accounting period end. This indicates that Thomas Robinson Construction Ltd is currently insolvent on a balance sheet basis, raising immediate concerns about its ability to meet short-term obligations.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The company’s liabilities exceed its assets, suggesting financial distress and potential solvency issues.
• Extremely Limited Operating History: Incorporated in October 2022 with only one year of trading, the company has yet to demonstrate operational stability or profitability.
• Sole Director and Shareholder Control: With 100% ownership and control vested in a single individual, there is concentration risk and potential governance weaknesses.

3. Positive Indicators:

• Compliance with Filing Requirements: The company has filed accounts and confirmation statements on time, showing regulatory compliance to date.
• Micro-Entity Reporting: Utilization of micro-entity provisions reduces administrative burden, appropriate for a start-up with minimal scale.
• Clear Industry Classification: Operating within construction of domestic and commercial buildings, a defined sector with identifiable market opportunities.

4. Due Diligence Notes:

• Investigate the cause of negative net assets and whether there is an operational plan for returning to profitability and solvency.
• Assess the company’s cash flow projections and working capital management, given the current shortfall in current assets versus liabilities.
• Review any related party transactions or director loans that might explain the balance sheet position.
• Confirm the director’s experience and capacity to execute in the construction sector, alongside any contingent liabilities or off-balance sheet exposures.
• Verify the company’s order book, contracts secured, and pipeline to evaluate future revenue prospects.