Company Number: 15526492

Analysis Date: 2025-07-29 14:24 UTC

1. Risk Rating: LOW

The company is newly incorporated (Feb 2024) and filed its first full accounts timely with no overdue filings. The balance sheet shows positive net current assets and net assets, supported by a cash balance that exceeds current liabilities. Directors’ loans are minimal and disclosed transparently. No indications of financial distress or regulatory non-compliance are visible.

2. Key Concerns:

• Limited operational history: Being less than one year old, there is minimal financial track record to assess sustainability or growth.
• Reliance on directors: Both directors hold significant control and have made loans to the company, which may indicate initial funding dependence.
• Small scale: Current assets and net assets are modest (£4.7k), reflecting a micro entity size, which may limit operational resilience.

3. Positive Indicators:

• Positive working capital: Net current assets of £4,685 with cash (£13,618) exceeding short-term liabilities (£10,167) suggests adequate liquidity.
• Clean regulatory record: No overdue accounts or confirmation statements, indicating good compliance.
• Clear ownership and governance: Two directors with aligned control and relevant recruitment industry experience, matching the company’s SIC code and business focus.
• Low complexity: Small company exemption adopted, simplifying financial reporting and reducing administrative burden.

4. Due Diligence Notes:

• Verify turnover and profitability once next accounts are filed, to assess operational viability beyond initial capitalization.
• Review directors’ loans terms and whether further funding will be required or anticipated.
• Confirm ongoing compliance with Companies House filings and tax obligations.
• Investigate client base and contracts to evaluate revenue visibility and customer concentration risks given the recruitment niche.
• Monitor any changes in control or directorship, especially given the close ownership structure.