Company Number: 13232241

Analysis Date: 2025-07-29 20:10 UTC

1. Risk Rating: LOW

Justification: UPGRADESERVICES LIMITED is a recently incorporated (2021) private limited company classified as a micro-entity. The latest accounts (year ending 22 Feb 2023) show positive net assets of £4,635 with no current liabilities, indicating a solvent position. The company has no overdue filings and has complied with statutory requirements to date. The small scale and micro-entity status limit financial complexity and risk exposure.

2. Key Concerns:

• Limited Financial Scale and History: Being a micro-entity with minimal asset base and low share capital (£1), the company’s financial data is limited and may not fully reflect operational robustness.
• Reliance on Single Director: The company appears to have one director, which could pose governance and continuity risks.
• Absence of Profit and Loss Data: The accounts provided do not include profit and loss information, limiting assessment of operational performance and sustainability.

3. Positive Indicators:

• Positive Net Assets and Working Capital: The company reported net current assets of £3,035 and total net assets of £4,635 as of the last financial year.
• No Current Liabilities: Absence of short-term debts suggests no immediate liquidity pressures.
• Compliance with Filing Obligations: All statutory accounts and confirmation statements are filed on time, indicating good regulatory adherence.
• Controlled Operational Scale: Classification as a micro-entity implies limited financial complexity and exposure.

4. Due Diligence Notes:

• Obtain Profit and Loss statements or management accounts to assess revenue generation, profitability, and cash flow trends.
• Clarify the nature and valuation of fixed assets (£1,600) and prepayments (£1,500) to understand asset quality and liquidity.
• Review director background and any related party transactions for governance and conflict of interest considerations.
• Investigate customer base and business model sustainability given the SIC code 47990 (other retail sale not in stores, stalls or markets), which can encompass diverse activities with varying risk profiles.
• Confirm absence of contingent liabilities or off-balance sheet obligations not reflected in micro-entity accounts.