THOUSAND PACES LTD

Executive Summary

Thousand Paces Ltd is an early-stage private limited company with a positive net asset position and no regulatory compliance issues to date. While financial data is limited, initial indications suggest adequate short-term liquidity and solvency. Further monitoring and deeper financial review are recommended due to the company’s limited operating history and small scale.

THOUSAND PACES LTD - Analysis Report

Company Number: 15126562

Analysis Date: 2025-07-20 11:43 UTC

1. Risk Rating: LOW

Justification: Thousand Paces Ltd is a newly incorporated private limited company with its first financial year recently completed. The filed accounts show a positive net current asset position (£31,983) and shareholders’ funds (£34,740), indicating an initial capital base sufficient to cover short-term liabilities. There are no overdue filings or indications of insolvency or liquidation. The single director and majority shareholder is clearly identified with no disqualification records noted. Overall, the company appears solvent and compliant with statutory requirements at this early stage.

2. Key Concerns:

• Limited operating history: Incorporated in September 2023, the company’s financial and operational stability cannot yet be fully assessed given only one year of data.
• Small scale and single employee: The business currently employs only the director, which may pose operational risks if key person dependency is high.
• Limited financial disclosure: Accounts are unaudited and only a balance sheet is publicly available, limiting insight into profitability, cash flow trends, or revenue quality.

3. Positive Indicators:

• Positive net current assets and working capital: Current assets exceed current liabilities by a healthy margin, supporting short-term liquidity.
• No overdue statutory filings: The company is up to date with accounts and confirmation statement submissions, demonstrating regulatory compliance.
• Clear ownership and control structure: One director who is also majority shareholder simplifies governance and accountability.

4. Due Diligence Notes:

• Review management accounts or internal financial reports for revenue and profit trends since incorporation.
• Confirm the nature and collectability of debtors totaling £33,148 to assess quality of current assets.
• Understand business model sustainability and customer base given SIC codes in video production and retail, sectors that may have variable cash flow.
• Monitor future filings for consistency and look for any changes in director status or company structure.