Company Number: 12523995

Analysis Date: 2025-07-29 13:55 UTC

1. Risk Rating: MEDIUM
   Justification: Wheelie Jet Limited has positive net assets and shareholder funds indicating some solvency, but persistent negative net current assets (working capital deficits) over multiple years highlight liquidity risks. The company is small and relatively new, with limited financial buffers.

2. Key Concerns:

• Negative Net Current Assets: The company shows a recurring working capital deficit (e.g., £-35,599 in 2024), suggesting potential short-term liquidity challenges to meet immediate obligations.
• Limited Capital Base: Share capital is minimal (£2.00), and shareholder funds are modest (£25,473 in 2024), which may restrict the company’s ability to absorb shocks or finance growth.
• Lack of Audit and Limited Financial Transparency: As a micro-entity, the company is exempt from audit, and no income statement was filed. This reduces visibility into profitability and operational cash flows.

3. Positive Indicators:

• Compliance: The company has filed its accounts and confirmation statements on time with no overdue filings reported, indicating good regulatory compliance.
• Consistent Asset Base: Fixed assets have remained stable around £61-63k across the years, suggesting some investment in operational capacity.
• Stable Management: The sole director has been in position since incorporation, providing continuity in governance.

4. Due Diligence Notes:

• Investigate cash flow statements or management accounts (if available) to assess operational liquidity in more detail.
• Review contracts and payment terms with creditors to understand the nature of current liabilities and any potential restructuring or refinancing plans.
• Ascertain profitability trends and revenue stability, as the lack of income statement data limits insight into operational sustainability.
• Confirm whether any contingent liabilities or off-balance-sheet obligations exist that could affect solvency.