Company Number: 15127701

Analysis Date: 2025-07-20 12:32 UTC

1. Risk Rating: LOW
   Justification: VMV WASTE LTD is a newly incorporated private limited company (since September 2023) with a clean filing record, positive net current assets, and no overdue filings. The company holds modest but positive net assets (£9,764) and has sufficient current assets relative to current liabilities, indicating good short-term liquidity.

2. Key Concerns:

• Limited Operating History: Being less than two years old, the company has minimal operational track record, which inherently increases uncertainty about future performance and sustainability.
• Small Scale: The company operates with only one employee and minimal fixed assets (£2,000), which may limit its operational capacity and resilience to market fluctuations in the waste collection sector.
• Lack of Income Statement Disclosure: The income statement was not delivered as permitted under small company exemptions, limiting insight into profitability, revenue trends, and operational cash flows.

3. Positive Indicators:

• Strong Liquidity Position: Current assets (£10,422) exceed current liabilities (£2,658) by a comfortable margin, with cash on hand of £8,252 supporting immediate obligations.
• No Filing or Compliance Issues: Accounts and confirmation statements are filed on time, demonstrating good regulatory compliance and governance.
• Sole Director and PSC Alignment: The director, Victor Thomas Jones, holds 75-100% ownership and voting rights, ensuring clear management control and accountability.

4. Due Diligence Notes:

• Review detailed cash flow and profit/loss data if available beyond statutory filings to assess operational viability and revenue generation.
• Investigate contracts or client base to evaluate revenue stability given the company's newness and small scale.
• Confirm the director’s background and technical expertise in waste collection to assess operational competence.
• Monitor future filings and annual reports for growth indicators and emerging liabilities as the company scales operations.