Company Number: 14071911

Analysis Date: 2025-07-29 18:00 UTC

1. Risk Rating: LOW
   The company 42104 LTD demonstrates a stable financial position with positive net assets and net current assets. It has no overdue filings and is compliant with filing deadlines. The company operates in the retail internet sales sector and is a micro-entity with minimal fixed assets and low liabilities, which aligns with its size and category.

2. Key Concerns:

• Limited financial history and scale: Incorporated in 2022, with only two years of financial data available, limiting trend analysis and long-term viability assessment.
• Concentration of control: The sole director and 100% shareholder is Greg Thake, presenting potential governance risk due to lack of independent oversight.
• Minimal operational scale: Only one employee and very low asset base may indicate vulnerability to market or operational shocks and limited capacity for growth or absorbing losses.

3. Positive Indicators:

• Strong liquidity position: Net current assets of £4,690 (2024) indicate the company can cover short-term liabilities comfortably.
• Positive equity: Net assets and shareholders’ funds have increased from £5,130 in 2023 to £5,679 in 2024, showing retained value.
• Compliance: All statutory filings are up to date and no overdue accounts or confirmation statements are noted, indicating good regulatory adherence.

4. Due Diligence Notes:

• Review detailed profit and loss data (not filed publicly) to assess profitability and operational cash flows.
• Investigate revenue streams and customer base stability in the retail mail order/internet sales sector.
• Confirm director’s experience and any related party transactions given the sole control over the company.
• Assess plans for scaling operations or mitigating risks related to limited resource base and single employee structure.