Company Number: 13116299

Analysis Date: 2025-07-20 14:40 UTC

1. Risk Rating: LOW
   The company demonstrates strong net current assets and increasing net assets, indicating solid solvency and liquidity. There are no overdue filings or compliance issues, and the business appears operationally stable based on available financial data.

2. Key Concerns:

• Relatively low called-up share capital (£80) which may limit capital buffers in adverse conditions.
• Concentration of control with no ultimate controlling party identified, which may pose governance risks or decision-making bottlenecks.
• Current liabilities are primarily tax and social security related; potential exposure to HMRC risk if liabilities are not managed timely.

3. Positive Indicators:

• Significant growth in net assets from £51,731 (2023) to £109,782 (2024), reflecting profitable operations or retained earnings.
• Healthy net current assets of £107,944, more than double the current liabilities, indicating good short-term liquidity.
• No overdue statutory filings; accounts and confirmation statements are up to date, evidencing regulatory compliance.
• The going concern basis is supported by director commentary and profit generation.
• Cash balance increased to £44,989, supporting operational cash flow needs.
• Industry classification in IT services and software development, sectors with growth potential.

4. Due Diligence Notes:

• Review the company’s revenue trends and profitability in detail, as profit and loss account was not filed.
• Confirm the status and payment terms of tax and social security liabilities to assess any HMRC risk.
• Investigate the debtor ageing and credit risk associated with trade receivables (£87,680).
• Assess the governance structure given the absence of an ultimate controlling party and singular active director.
• Validate the company’s client base and contract stability in the IT services sector.
• Check for any director conduct or regulatory compliance issues beyond Companies House filings.