WIRE CRANES AND LIFTING LIMITED

Executive Summary

Wire Cranes And Lifting Limited shows a stable financial position with positive net assets and healthy liquidity despite its recent incorporation. The company appears compliant with regulatory requirements and is experiencing growth. Key areas to monitor include related party balances and governance concentration risks.

WIRE CRANES AND LIFTING LIMITED - Analysis Report

Company Number: 14918061

Analysis Date: 2025-07-20 16:18 UTC

1. Risk Rating: LOW
   The company demonstrates a solid balance sheet with positive net assets and net current assets, no overdue filings, and no signs of financial distress. Operating for only two years but showing growth in assets and equity supports a low risk assessment.

2. Key Concerns:

• Reliance on a single controlling shareholder (Asu Holdings Limited) with 75-100% control could pose governance risks if interests diverge.
• Concentration of director responsibility in one individual (Andrew Sean Unsworth) may limit oversight and increase operational risk.
• Significant amounts owed to group undertakings (£600,000 in 2025) should be monitored for repayment risk and intercompany dependency.

3. Positive Indicators:

• Strong liquidity position with cash increasing from £162k to £335k and net current assets positive at £111k.
• Increasing debtor balances aligned with business growth, yet managed below current liabilities, indicating effective working capital management.
• Compliance with filing deadlines and no overdue returns or accounts, reflecting good regulatory adherence.
• Growth in fixed assets and employees (from 2 to 8) indicating operational expansion and investment.

4. Due Diligence Notes:

• Review the nature and terms of amounts owed to group undertakings for any repayment schedules or related party risks.
• Assess customer concentration and debtor aging to evaluate collectability of trade debtors.
• Validate management plans supporting growth and working capital sufficiency given the increase in liabilities.
• Confirm absence of director disqualification or regulatory issues beyond Companies House filings.
• Evaluate insurance and risk management policies given the specialized construction activity classification (SIC 43999).