Company Number: 14555309

Analysis Date: 2025-07-20 11:34 UTC

1. Risk Rating: LOW
   Turtall Limited is a recently incorporated micro-entity with a strong net asset position relative to its liabilities. The financials show positive net current assets and shareholders’ funds, indicating an ability to meet short-term obligations. There are no overdue filings or indications of financial distress.

2. Key Concerns:

• Limited operating history: Incorporated in December 2022, the company has just over one year of trading history, which limits trend analysis and may introduce uncertainty about long-term operational stability.
• Single director and shareholder: The company is controlled by one individual who owns 75-100% of shares and voting rights, concentrating decision-making and potentially increasing governance risk.
• Small scale and limited workforce: With only one employee and a micro-entity reporting status, the company’s operational capacity is minimal, which may affect scalability and resilience.

3. Positive Indicators:

• Healthy liquidity position: Net current assets of £271,205 against current liabilities of £158,120 suggest the company can comfortably cover its short-term debts.
• Positive net assets and shareholders’ funds: Total net assets of £281,739 demonstrate a solid equity base for a micro-entity in its first year.
• Compliance and governance: All statutory filings are up to date with no overdue accounts or confirmation statements, indicating good compliance discipline.

4. Due Diligence Notes:

• Review the income statement and cash flow details (not filed publicly for micro-entities) to assess revenue generation and cash management.
• Investigate the nature of prepayments and accrued income (£71,633) to confirm their recoverability and legitimacy.
• Evaluate the director’s background and capacity to manage the business given the sole control and responsibility.
• Monitor for any changes in ownership or governance structure that could impact risk profile.