Company Number: 13146786

Analysis Date: 2025-07-29 16:03 UTC

1. Risk Rating: LOW
   VIS VENTILATION INDUSTRIAL SYSTEMS LTD presents a low risk profile based on the available financial and compliance data. The company is solvent with positive net assets and net current assets, maintains good liquidity, and has no overdue filings or regulatory issues.

2. Key Concerns:

• Limited Financial History: Incorporated in 2021 with only two years of financial data; limited track record makes it harder to assess long-term operational stability.
• Small Share Capital: Share capital of only £2.00 is minimal, indicating limited equity base, although current reserves more than compensate this.
• Modest Asset Base: Fixed assets are very low (£1,157) which may suggest dependency on current assets and working capital for operations, potentially impacting operational sustainability if cash flow fluctuates.

3. Positive Indicators:

• Strong Liquidity Position: Current assets of £89,727 against current liabilities of only £4,076 result in a robust net current asset position (£85,651), indicating sufficient short-term liquidity.
• Consistent Growth in Net Assets: Net assets increased from £79,976 in 2023 to £85,284 in 2024, reflecting retained earnings or capital injections supporting solvency.
• Compliance and Governance: No overdue accounts or confirmation statements; filings are up to date. Directors are identified with no disqualification records mentioned.
• Operational Scale: Employment of 4 staff as of 2024 suggests early stage growth with potential operational expansion.

4. Due Diligence Notes:

• Verify the nature and reliability of current assets, particularly cash and receivables, to confirm liquidity quality.
• Review any contingent liabilities or off-balance sheet exposures not reflected in the micro-entity accounts.
• Assess contracts or order book to determine operational sustainability given the small fixed asset base.
• Confirm no director disqualifications or adverse legal/regulatory proceedings beyond the provided data.
• Investigate shareholder arrangements given both PSCs hold 25-50% shares and voting rights, to understand decision-making and control dynamics.