Company Number: 14265686

Analysis Date: 2025-07-29 16:58 UTC

1. Risk Rating: MEDIUM
   Justification: The company shows positive net assets and improving financial position year-on-year, but has relatively high long-term creditors and provisions which could pressure solvency if not managed properly. Being a micro-entity with limited financial disclosures also adds some uncertainty.

2. Key Concerns:

   • High Long-Term Liabilities: Significant creditors due after one year (£375k in 2024) compared to net assets (£52k) may strain solvency if cash flow deteriorates.
   • Provisions for Liabilities: Introduction of £12.5k provisions in 2024 without detail could indicate contingent risks or upcoming expenses.
   • Limited Financial History: Incorporated in 2022 and micro-entity status means limited financial data and no audit, restricting insight into operational performance and risks.

3. Positive Indicators:

   • Growing Net Assets: Increase from £258 in 2023 to nearly £52k in 2024 demonstrates improving equity position.
   • Strong Current Assets and Working Capital: £403k current assets vs. £127k short-term creditors yields positive net current assets of £290k, suggesting good short-term liquidity.
   • Stable Director and Ownership: Single director and 75-100% shareholder control by Martin Holub provides clear governance and decision-making authority.

4. Due Diligence Notes:

   • Clarify the nature and terms of the significant long-term creditors to assess repayment risk and covenant terms.
   • Investigate details behind the provisions for liabilities to understand potential future cash outflows or contingencies.
   • Review operational cash flows and profitability beyond balance sheet data to validate sustainability of growth in net assets.
   • Confirm compliance with filing deadlines and governance standards, although no overdue filings are currently noted.