TOTAL SNAGGING SOLUTIONS LTD

Executive Summary

Total Snagging Solutions Ltd is a recently incorporated micro-entity showing early-stage financial stress with negative net assets and working capital deficits. While regulatory compliance is maintained, the conflict between its dormant classification and active business presence warrants further investigation. Investors should exercise caution and seek additional financial performance details before engagement.

TOTAL SNAGGING SOLUTIONS LTD - Analysis Report

Company Number: 14722070

Analysis Date: 2025-07-20 18:07 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, evidenced by negative net current assets and net liabilities shortly after incorporation. The absence of profit and loss data and minimal current assets compared to current liabilities heighten the risk profile.

2. Key Concerns:

• Negative Net Assets and Working Capital: Net liabilities of £4,465 and net current liabilities of £3,625 indicate the company is currently insolvent on a balance sheet basis.
• Minimal Operational History and Revenue Visibility: Incorporated in March 2023 with only one employee and micro-entity accounts, there is limited financial information and no reported profits, raising sustainability questions.
• Dormant SIC Code Despite Active Website: The company's primary SIC code is listed as "Dormant Company," which conflicts with its website activity and stated business operations, potentially indicating reporting or classification inconsistencies.

3. Positive Indicators:

• Compliance with Filing Deadlines: The company has timely filed its accounts and confirmation statements, demonstrating good regulatory compliance to date.
• Single Owner Control: The sole director and majority shareholder, Mr James Stride, maintains full control, which can facilitate swift decision-making and accountability.
• Active Web Presence: The company maintains an active website detailing its services, suggesting an operational business model beyond dormancy.

4. Due Diligence Notes:

• Verify the discrepancy between the dormant SIC code and the company's actual trading status and revenues.
• Obtain detailed profit and loss data or cash flow statements to assess operational viability and revenue generation.
• Investigate the source and timing of liabilities to understand whether they relate to startup costs, loans, or other obligations.
• Assess the director’s background and capacity to support the business financially or operationally given the negative equity position.