WASSEM ABDORAD LTD

Executive Summary

WASSEM ABDORAD LTD is a micro-entity with minimal financial scale but currently solvent and compliant with statutory requirements. Limited financial disclosures restrict assessment of profitability and cash flow, and the single director/shareholder structure concentrates control. Further investigation into operational performance and governance is recommended for a fuller risk assessment.

WASSEM ABDORAD LTD - Analysis Report

Company Number: 13569592

Analysis Date: 2025-07-29 21:14 UTC

1. Risk Rating: LOW

Justification: WASSEM ABDORAD LTD is a recently incorporated micro-entity with minimal financial activity. The latest filed accounts show a modest positive net current asset position and no overdue filings, indicating compliance and basic solvency. The sole director is also the majority owner, simplifying governance.

2. Key Concerns:

• Extremely limited financial scale: With net assets of only £100 and current assets just above current liabilities by £100, the company operates at a minimal financial base.
• Lack of detailed financial data: As a micro-entity, the company files filleted accounts without profit and loss information, restricting insight into profitability and cash flow.
• Single director and single shareholder structure: This concentrates control and may present governance risks or limit access to external capital or expertise.

3. Positive Indicators:

• Compliance: All statutory filings including accounts and confirmation statements are up to date with no overdue status.
• Solvency: Current assets exceed current liabilities, demonstrating the company can meet short-term obligations as of the latest accounts.
• Simplicity: Micro-entity status and private limited company structure reduce complexity and regulatory burden.

4. Due Diligence Notes:

• Obtain management accounts or cash flow statements to assess operational performance and liquidity beyond the balance sheet snapshot.
• Review director’s plans for growth or capital injection given the minimal net assets.
• Confirm absence of contingent liabilities or off-balance-sheet obligations.
• Verify the background and financial standing of the director/shareholder to assess governance and financial support capacity.
• Investigate the nature of business activities under SIC 96090 to understand revenue potential and market risks.