Company Number: 15102389

Analysis Date: 2025-07-29 14:46 UTC

1. Risk Rating: LOW

Justification: William Yeates Ltd is a newly incorporated private limited company with a very small balance sheet and positive net current assets. The company is compliant with filing deadlines and has no overdue accounts or confirmation statements. The director is also the sole significant controller, indicating clear governance. The financial data shows modest working capital and shareholder funds, consistent with a micro-entity in the early stages of operation.

2. Key Concerns:

• Limited financial history: Being incorporated in August 2023, there is only one financial period filed, restricting trend analysis and deeper assessment of operational performance.
• Small scale and limited assets: Current assets of approximately £10.5k and net assets of £2.4k indicate the company is at a very early stage or operates at a low scale, which may constrain ability to absorb adverse events or invest in growth.
• Single director and shareholder: While common in micro-entities, concentration of control may increase risk if the director’s capacity or circumstances change.

3. Positive Indicators:

• Compliance: All statutory filings (accounts and confirmation statements) are up to date with no overdue filings or penalties visible.
• Positive net current assets: Working capital is positive, indicating short-term obligations can be met from current assets.
• Clear ownership and governance: The director is the sole PSC and there is no indication of governance issues or director disqualifications.

4. Due Diligence Notes:

• Review underlying business model and cash flow projections to assess sustainability beyond initial start-up phase.
• Confirm whether the company has any contingent liabilities or off-balance sheet commitments not reflected in the filings.
• Investigate the director’s background and business experience to evaluate operational capacity and governance quality.
• Monitor future filings for revenue, profitability, and growth trends as the company matures.