Company Number: 13885129

Analysis Date: 2025-07-29 20:35 UTC

1. Risk Rating: LOW
   The company demonstrates strong net current assets relative to current liabilities and maintains positive net assets and shareholder funds. There are no overdue filings or indications of regulatory non-compliance, and the business operates within a simple holding company structure, reducing operational risk.

2. Key Concerns:

• Concentration of Control: Mr. Joseph Michael Dias holds 75-100% ownership and voting rights, which concentrates decision-making power and may pose governance risks if not balanced.
• Lack of Audit and Limited Financial Detail: As a micro-entity, accounts are unaudited and exclude profit and loss details, limiting transparency on operational performance and cash flow generation.
• High Debtors and Minimal Cash: The 2023 data show current assets mainly composed of debtors (£4.6M) and very low cash (£520), indicating potential liquidity risk if debtor collections are delayed.

3. Positive Indicators:

• Strong Working Capital Position: Net current assets exceed £4.5M, suggesting the company can meet short-term obligations comfortably.
• No Overdue Filings: Both accounts and confirmation statements are up to date, indicating good compliance and governance practices.
• Stable Net Assets: Net assets and shareholders’ funds remain stable at just under £4M, reflecting capital preservation since incorporation.

4. Due Diligence Notes:

• Examine Debtors Quality: Investigate the nature, aging, and collectability of the high debtor balances to assess liquidity risk.
• Understand Business Model: Clarify the company’s operational purpose given it is classified as a holding company, and review any underlying subsidiaries or investments.
• Review Director Background: While no adverse records are indicated, confirm director reputation and capacity for sole control.