UK RIGGING RESOURCES LTD

Executive Summary

UK Rigging Resources Ltd is a newly established, privately owned rigging services company demonstrating sound liquidity and full regulatory compliance. While the company’s short operating history and single-person control present some operational concentration risks, its current financial position suggests it can meet obligations. Further evaluation of profitability and business model sustainability is recommended to deepen risk assessment.

UK RIGGING RESOURCES LTD - Analysis Report

Company Number: 14468969

Analysis Date: 2025-07-20 13:21 UTC

1. Risk Rating: LOW
   UK Rigging Resources Ltd presents a low risk profile based on the available data. The company is recently incorporated (Nov 2022), active, and complies with all filing deadlines. Financially, it reports positive net current assets and net assets, with cash exceeding current liabilities, indicating short-term obligations can be met.

2. Key Concerns:

• Limited Operating History: With just over one year of trading, the company’s long-term sustainability and operational track record are unproven.
• Single Director and Employee: The business depends heavily on one individual who is also the sole shareholder and director, which could pose operational continuity risks.
• Lack of Audited Accounts and Detailed P&L: Accounts are unaudited and profit and loss details are not publicly filed, limiting insight into profitability and cash flow trends over time.

3. Positive Indicators:

• Strong Liquidity Position: As of 30 Nov 2023, cash of £12,012 exceeds current liabilities of £2,845, yielding positive net current assets of £9,167.
• Compliance and Good Governance: No overdue accounts or confirmation statements, and director information is transparent with no disqualifications or adverse records.
• Clear Control Structure: One person controls 75-100% shares and voting rights, simplifying decision-making and accountability.

4. Due Diligence Notes:

• Profitability and Cash Flow Analysis: Request unaudited management accounts or internal financial reports to assess operating performance and cash generation beyond the balance sheet snapshot.
• Customer and Contract Base: Understand the nature of contracts and revenue streams in the “Other construction installation” sector (SIC 43290) to evaluate business sustainability.
• Director’s Experience and Contingency Plans: Assess Christopher Cromer’s background in rigging and the company’s plans for management continuity or business scaling.