TREVOR PHILIPS LTD

Executive Summary

Trevor Philips Ltd, a recently incorporated IT services company, currently exhibits a healthy liquidity position with cash exceeding liabilities and no overdue filings, supporting short-term solvency. However, the lack of employees and limited operating history necessitate cautious evaluation of operational sustainability. Further due diligence on director loans, business model, and ownership-related risks is recommended to fully assess the company's risk profile.

TREVOR PHILIPS LTD - Analysis Report

Company Number: 14986978

Analysis Date: 2025-07-29 19:10 UTC

1. Risk Rating: LOW-MEDIUM
   Despite being a newly incorporated entity with limited operating history, Trevor Philips Ltd demonstrates a solid working capital position and no overdue filings. The presence of cash significantly exceeding current liabilities supports near-term solvency. However, the absence of employees and reliance on director loans warrant cautious monitoring.

2. Key Concerns:

• Limited Operating History: Incorporated in July 2023, the company has less than one full year of financial data, limiting trend analysis and operational track record.
• No Employees: The company reported zero employees during the financial period, which may indicate reliance on directors or contractors, potentially affecting scalability and operational stability.
• Concentration of Control and Loans: Two Russian nationals hold all significant control, and director loans appear in current liabilities, raising questions on financial independence and possible related-party risks.

3. Positive Indicators:

• Strong Liquidity Position: Cash balances (£182k) exceed current liabilities (£119k), resulting in positive net current assets (£71k), indicating the company can meet short-term obligations comfortably.
• Up-to-date Compliance: All statutory filings including accounts and confirmation statements are current with no overdue notices, reflecting good governance discipline.
• Positive Net Assets and Shareholders' Funds: Net assets of £74k signify initial capital injection and retained earnings, consistent with start-up growth phase.

4. Due Diligence Notes:

• Nature and Source of Director Loans: Clarify terms and repayment expectations on the £1,335 loans from directors to assess any contingent liabilities or financial dependencies.
• Business Model and Revenue Generation: Investigate how the company generates revenue given zero employees and the IT service industry classification; review contracts or client pipeline.
• Ownership and Control Risks: Assess any geopolitical or regulatory risks associated with majority ownership by Russian nationals, including sanctions or compliance considerations.
• Future Funding and Growth Plans: Understand capital raising plans or operational scaling strategies given the nascent stage and limited asset base.