Company Number: 13509086

Analysis Date: 2025-07-29 14:55 UTC

1. Risk Rating: LOW to MEDIUM
   FBR TRADING LTD is a micro-entity with modest but positive net current assets and net assets, indicating a basic ability to meet short-term obligations. The company is active, with no overdue filings, and has a stable director structure under majority control of a single individual. However, the small scale of operations and limited financial data constrain a full assessment of operational sustainability and liquidity robustness.

2. Key Concerns:

• Limited Scale and Asset Base: The company operates on a micro scale with net assets of only £2,039 as of July 2024. This small capital base limits financial resilience against unexpected expenses or downturns.
• Single-Director Control: Xxxxxx Xxxxxxxxname shown to subscribers holds 75-100% of shares and voting rights, concentrating control. While not inherently risky, this structure can increase governance risk if not balanced by external oversight.
• Minimal Employee Base and Financial Disclosure: With only one employee reported and micro-entity filing status, financial disclosures are limited, restricting insight into cash flow dynamics, revenue streams, and operational risks.

3. Positive Indicators:

• Positive Net Current Assets: The company shows a positive net working capital position (£2,039), improving over prior years, suggesting current liabilities are covered by current assets.
• Timely Compliance: No overdue accounts or confirmation statements, indicating good regulatory compliance and governance discipline.
• Active Website and Contact Information: An active web presence with contact details supports a transparent operational posture.

4. Due Diligence Notes:

• Financial Performance and Cash Flows: Obtain detailed profit and loss data and cash flow statements to assess revenue stability, profitability, and liquidity beyond balance sheet snapshots.
• Customer and Supplier Relationships: Evaluate the company’s client base and supplier agreements to understand operational sustainability and market position.
• Governance and Control Environment: Review internal controls and decision-making processes given the high concentration of ownership and director responsibilities.
• Industry Risks: Given the company’s activities in wholesale trade and waste collection, assess exposure to regulatory changes, environmental compliance, and market competition.