Company Number: 15703093

Analysis Date: 2025-07-19 12:43 UTC

1. Risk Rating: HIGH
   The company is newly incorporated (May 2024) with minimal financial data available and very limited assets (£110 current assets) and equity (£60 net assets). The net current asset position is positive but extremely small, indicating limited financial buffer. No employees are reported, suggesting minimal or no operational activity during the initial period. This early stage and low asset base present high solvency and liquidity risk.

2. Key Concerns:

• Lack of operational scale: No employees and minimal financial data indicate the company may not yet be generating meaningful revenue or cash flow.
• Insignificant asset base: £110 current assets and £60 net assets provide a minimal cushion against liabilities or unexpected expenses.
• Single director ownership: While common for startups, the entire control vested in one individual may increase governance and management risk.

3. Positive Indicators:

• Compliance: The company is up to date with filings (accounts and confirmation statement), with no overdue returns noted.
• Clear ownership and control: The sole director and 75-100% shareholder is identified, providing clarity on decision authority.
• Micro entity reporting: Use of FRS 105 and micro-entity regime simplifies reporting requirements, appropriate for a small startup.

4. Due Diligence Notes:

• Investigate business plan and expected revenue streams to assess sustainability and growth potential.
• Review any contracts or commitments related to electrical installation work to confirm operational activity.
• Monitor subsequent accounts for changes in assets, liabilities, revenue, and employment to evaluate financial progress.
• Assess director background and experience in the electrical contracting industry for operational competence.