TRINITY SURFACING GROUP LIMITED

Executive Summary

Trinity Surfacing Group Limited, newly formed in 2023 as a holding group for two acquired subsidiaries, demonstrates promising operational performance and a positive equity position in its first financial year. However, a qualified audit opinion related to acquisition accounting introduces uncertainty around the accuracy of net asset values and goodwill, warranting a medium risk rating. Ongoing due diligence should focus on acquisition valuations, liquidity monitoring, and operational sustainability to ensure financial stability.