Company Number: 13031943

Analysis Date: 2025-07-29 13:32 UTC

1. Risk Rating: LOW
   J Waite Wardrobes Ltd demonstrates solid financial health for a micro-entity with positive net assets, consistent growth in turnover, and no overdue filings, indicating low immediate risk.

2. Key Concerns:

• Limited scale of operations with only one employee and modest asset base, which may constrain growth potential and operational resilience.
• Relatively low share capital (£1.00), which is typical for micro companies but offers minimal buffer against losses.
• Dependence on a single director and shareholder, concentrating control and potential governance risk.

3. Positive Indicators:

• Strong growth trajectory: turnover increased from £60,910 in 2020 to £344,539 in 2023, reflecting expanding business activity.
• Healthy liquidity position: current assets (£60,000) significantly exceed current liabilities (£5,000), with net current assets of £61,000 indicating good short-term financial stability.
• Profitability: the company reported a healthy profit of £112,058 for the latest financial year, supporting operational sustainability.
• Compliance: all statutory filings are up to date with no overdue accounts or confirmation statements, indicating good regulatory compliance.

4. Due Diligence Notes:

• Verify the nature and sustainability of revenue growth, including customer concentration and order pipeline.
• Assess working capital management and cash flow consistency beyond balance sheet snapshots.
• Review director’s background and any potential related party transactions given sole directorship and shareholding.
• Confirm no contingent liabilities or off-balance sheet risks beyond those disclosed.
• Evaluate the market and competitive positioning within the joinery installation sector (SIC 43320).