CURSOR CONTROLS LIMITED — Risk Assessment

1. Risk Rating: LOW (provisional)

This rating is based on structural and compliance indicators rather than financial statement analysis, as no balance sheet or profit and loss data was available in the dataset reviewed. The company has traded for approximately 25 years, is fully current on all statutory filings, and sits within an established corporate group structure. The rating should be treated as provisional pending review of the filed accounts to 31 March 2025.

2. Key Concerns

1. Absence of financial data. No turnover, asset, liability, or reserve figures were available for review. Solvency and liquidity cannot be verified from the information provided, and the company's standalone financial strength is unknown.

2. No independent audit. The company files as an audit-exempt subsidiary, meaning its accounts have not been subject to external auditor scrutiny. This exemption is typically conditional on the parent undertaking guaranteeing the subsidiary's liabilities (s479A, Companies Act 2006); the existence and currency of that guarantee should be confirmed rather than assumed.

3. Group dependence. With nominal share capital of £1,001 and ownership resting with two corporate holding entities, the company's financial position is likely intertwined with group arrangements — intra-group balances, dividend flows, and treasury functions could materially affect its standalone position in either direction.

3. Positive Indicators

• Longevity: Incorporated in November 2000, the company has a 25-year trading history, which suggests an established and sustainable operation in electronic component and computer peripheral manufacturing.
• Exemplary filing compliance: Both accounts (last made up to 31 March 2025) and the confirmation statement are current, with nothing overdue. There are no filing or governance red flags in the data.
• Group backing: The persons with significant control are corporate entities (Cursor Controls Holdings Limited and Discoverie Holdings Limited), indicating the company is part of a wider group. The audit-exemption-subsidiary filing category ordinarily requires a parent guarantee of liabilities, which — if confirmed — provides meaningful creditor protection.
• Stable governance: Two current directors and a company secretary are recorded, with no disqualification or conduct records present in the dataset.
• Clean name history: The single previous name (MIDBROOK LIMITED) was changed within two months of incorporation, consistent with a standard shelf-company formation rather than any rebranding following distress.

4. Due Diligence Notes

1. Obtain the full filed accounts to 31 March 2025 and review net current assets, net assets, and any contingent liabilities or commitments disclosed in the notes.
2. Verify the parent guarantee. Confirm that the parent undertaking has filed the required guarantee and statement in respect of the audit exemption, and assess the financial strength of the guarantor entity by reviewing the group's consolidated accounts.
3. Examine related-party transactions. Review intra-group balances, management charges, and dividend payments to understand cash movement between the company and its parents.
4. Check the charges register. No mortgage or charge data was included in this dataset; a search of registered charges at Companies House is recommended to identify any secured lending.
5. Operational exposure. Given the SIC codes (electronic component and peripheral manufacture, software development), commercial diligence on customer concentration and component supply chain risk would complement the financial review.