Company Number: 14720920

Analysis Date: 2025-07-20 18:38 UTC

1. Risk Rating: LOW
   The company is newly incorporated (March 2023) and classified as a micro-entity with modest total net assets (£2,075). The balance sheet shows positive net current assets and no overdue filings. The presence of shareholders funds and compliance with filing deadlines indicates initial operational and regulatory stability. However, limited financial history and scale restrict deeper risk assessment.

2. Key Concerns:

• Limited operating history: With only one financial year completed and small asset base, it is difficult to assess sustainability and revenue generation.
• Concentrated ownership and control: Mrs. Ann Cara Pletschke holds majority shares and voting rights (75-100%), which may present governance concentration risk.
• Minimal fixed and current assets: The small asset base (£1,350 fixed; £1,729 current) suggests limited operational scale and potentially constrained liquidity buffer if operating expenses increase.

3. Positive Indicators:

• Positive net current assets (£725) indicate working capital surplus, reducing immediate liquidity concerns.
• No overdue statutory filings or accounts, demonstrating regulatory compliance and good governance discipline.
• Presence of two directors with maritime industry experience (both Master Mariners) aligns management expertise with company operations in maritime-related professional services.

4. Due Diligence Notes:

• Verify revenue streams and profitability details, as micro-entity accounts do not disclose profit and loss information.
• Investigate contract pipeline and clients to evaluate operational sustainability beyond fixed asset holdings.
• Review shareholder agreements and governance protocols given high ownership concentration to assess decision-making controls and minority interest protections.
• Clarify business model given SIC codes mix (educational support, consultancy, water transportation services) to understand revenue diversification and risks.