WPCHR LTD

Executive Summary

WPCHR LTD is a newly formed micro-entity operating in employment placement with modest initial profitability and positive working capital. Current filings are up to date, and immediate solvency concerns are minimal. However, limited operational history and concentrated control warrant ongoing monitoring and further due diligence on cash flows and business sustainability to fully assess risk.

WPCHR LTD - Analysis Report

Company Number: 14812456

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

1. Risk Rating: LOW to MEDIUM
   Given that WPCHR LTD is a newly incorporated micro-entity (incorporated April 2023) with a modest turnover of £61,906 and positive net assets of £2,819, the immediate solvency risk appears low. The company is not overdue on any filings, and directors have complied with filing deadlines. However, limited financial history and relatively low net assets suggest a medium risk if the company encounters unexpected operational challenges or cash flow pressures.

2. Key Concerns:

• Limited Financial History: Only one financial period reported since incorporation, restricting trend analysis and assessment of operational sustainability.
• Modest Net Assets & Capitalization: Net assets stand at £2,819 with some creditor balances falling due after more than one year (£12,503), which could pressure liquidity if collections slow or expenses rise.
• Concentration of Control: Both the major PSC and director are effectively the same entity (Md Lutfur Rahman and Workpermitcloud Limited), indicating governance and control concentration risk.

3. Positive Indicators:

• Compliance: No overdue accounts or confirmation statements; filings current and complete.
• Profitability: The company reported a modest profit (£2,817) in its first accounting period, suggesting initial operational viability.
• Working Capital Position: Positive net current assets (£13,642) indicate the company currently holds sufficient short-term assets to cover current liabilities.

4. Due Diligence Notes:

• Examine Cash Flow Details: Investigate cash flow sufficiency beyond the balance sheet snapshot, including timing of receivables and payables.
• Review Off-Balance Sheet Commitments: Although none disclosed, confirm if any contingent liabilities or guarantees exist.
• Assess Business Model and Market Position: Given the SIC code 78109 (employment placement agency activities), understanding client base, contract terms, and growth prospects is critical.
• Governance and Related Party Transactions: Clarify the relationship and transactions between WPCHR LTD and its controlling shareholder Workpermitcloud Limited to assess risk of conflicts or dependency.