WHITTEL BRICKWORK LTD

Executive Summary

Whittel Brickwork Ltd is a recently established small construction business with a strong initial equity base and positive working capital, indicating low immediate solvency risk. The company demonstrates good compliance and governance for its size, though limited operational history and reliance on a single director present typical start-up risks. Further due diligence on debtor quality, business plans, and related party transactions is recommended to fully assess sustainability and operational stability.

WHITTEL BRICKWORK LTD - Analysis Report

Company Number: 14484050

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

1. Risk Rating: LOW
   Whittel Brickwork Ltd shows a solid solvency position with net current assets of £22,027 against current liabilities of £7,783, indicating it can meet short-term obligations comfortably. The company is newly incorporated (Nov 2022) but has filed accounts and returns on time, reflecting good compliance. The small scale and single-director structure limit complexity and associated risks.

2. Key Concerns:

• Limited operational history: Incorporated less than two years ago, there is insufficient financial track record to assess long-term sustainability.
• Small scale and single employee: The company relies heavily on the sole director, which could pose continuity risk and operational bottlenecks.
• Related party risk: The director is also the sole shareholder and controls the company, raising potential governance and decision-making concentration concerns.

3. Positive Indicators:

• Positive net current assets and shareholders’ funds (£22,127), indicating initial equity investment and positive working capital.
• No overdue statutory filings or accounts, demonstrating regulatory compliance and good governance discipline.
• Clear industry classification in construction of domestic buildings (SIC 41202), suggesting a focused business activity.

4. Due Diligence Notes:

• Investigate the nature and collectability of the debtor balance (£21,805), particularly the tax debtor of £11,805, to verify cash flow reliability.
• Review future contracts, pipeline, and business plan to assess operational sustainability beyond the start-up phase.
• Confirm that the director’s related party transactions and remuneration are conducted on an arm’s length basis to mitigate conflict of interest risk.
• Obtain more detailed financial performance data (profit/loss) since income statement was not filed, to better assess profitability and cash flow.
• Monitor continued compliance with filing deadlines and potential changes in director or ownership structure.