Company Number: 13751106

Analysis Date: 2025-07-29 20:53 UTC

1. Risk Rating: MEDIUM
   The company demonstrates positive net assets and working capital, indicating some ability to meet obligations. However, the presence of significant long-term liabilities and rapid asset growth from a low base warrants caution.

2. Key Concerns:

• Long-term liabilities of £25,927 as of 2023 which were not present in prior years, raising questions about the nature and terms of this debt.
• Current liabilities increased substantially to £66,516 in 2023 from £14,593 in 2022, which could pressure short-term liquidity if cash inflows are not timely.
• The company is very young (incorporated late 2021) with limited financial history and modest scale, which increases uncertainty regarding operational stability and resilience.

3. Positive Indicators:

• The company has grown net assets from £8,897 in 2022 to £40,227 in 2023, suggesting profitability or capital injection.
• Positive net current assets (£19,046) indicate working capital coverage for short-term liabilities.
• Directors are consistent since incorporation, with no disqualifications or governance flags reported.
• Accounts and confirmation statements are filed on time, indicating regulatory compliance.

4. Due Diligence Notes:

• Investigate the composition and terms of the £25,927 long-term liabilities to assess repayment risk and impact on cash flows.
• Review cash flow statements (not provided) to evaluate operational liquidity and ability to service current liabilities.
• Confirm revenue trends and profitability drivers behind asset growth to assess sustainability.
• Verify the nature of related-party transactions, if any, given the directors also hold significant shares and voting control.
• Assess customer concentration and contract stability given the niche construction SIC code.