Company Number: 14041794

Analysis Date: 2025-07-29 19:10 UTC

1. Risk Rating: LOW to MEDIUM
   VBENDERLAB LIMITED appears financially stable with positive net current assets and shareholders’ funds growth since incorporation. The company meets its short-term liabilities with a healthy current asset base. However, as a young company with limited historical data and a small employee base, some operational risks remain, warranting a cautious stance.

2. Key Concerns:

• Concentration of Control: A single director and 100% owner (Mrs. Giordana Pellegrino) holds all shares and voting rights, which may pose governance risks and limit oversight.
• Limited Operating History: Incorporated in 2022, the company has only two full years of financial data, limiting long-term trend analysis and increasing uncertainty about future sustainability.
• Creditors Composition and Payment Terms: The entire current liabilities balance (approx. £51,517) is classified as taxation and social security, raising questions about cash flow timing and potential tax liabilities that need to be managed carefully.

3. Positive Indicators:

• Strong Liquidity Position: Current assets of £117,989 exceed current liabilities of £51,517, with cash balances nearly doubling from the prior year (£48,106 vs £27,418).
• Growing Net Assets: Shareholders’ funds have increased substantially from £48,905 to £75,416, indicating retained earnings growth and capital strength.
• No Filing or Compliance Issues: Accounts and confirmation statements are filed on time with no overdue returns or audit requirements, reflecting regulatory compliance.

4. Due Diligence Notes:

• Review the nature and aging of debtors (£69,883) to assess collectability and revenue quality.
• Clarify the tax and social security creditor balance to understand any outstanding obligations or disputes with HMRC.
• Assess the business model and client diversification given the SIC code (Artistic creation), to evaluate operational sustainability and market risks.
• Evaluate the director’s role and safeguards in place given sole ownership and control to mitigate governance risks.
• Monitor future filings and financial statements for continued growth and cash flow stability.