Company Number: NI671112

Analysis Date: 2025-07-20 13:21 UTC

1. Risk Rating: LOW
   FCC FABRICATIONS LTD demonstrates a solid financial position for a micro-entity, with consistent growth in net assets and positive working capital over the last five years. The company is current on all statutory filings with no overdue accounts or confirmation statements. There is no indication of financial distress or regulatory non-compliance.

2. Key Concerns:

• Limited scale and resources: Being a micro-entity with a single employee, the company may be vulnerable to operational disruptions or key person dependency.
• Concentration risk: The company operates in a specialized wholesale niche (mining, construction machinery), which may expose it to industry-specific downturns.
• Lack of audit and limited financial disclosures: The exemption from audit and micro-entity reporting means financial detail is limited, reducing transparency for external investors.

3. Positive Indicators:

• Strong and improving net asset base, rising from £24,940 in 2020 to £130,498 in 2024, indicating retained profitability or capital injections.
• Positive net current assets of £66,349 as of July 2024, signaling good short-term liquidity.
• Timely compliance with Companies House filing deadlines, reducing regulatory risk.
• Stability in management with directors and secretary appointed since incorporation, showing governance continuity.

4. Due Diligence Notes:

• Review underlying profit and loss data and cash flow statements (not provided) to confirm operational profitability and cash generation.
• Clarify the nature and terms of any long-term liabilities (£10,950 in 2024) to assess solvency risk.
• Assess customer concentration and order book to understand revenue sustainability in the niche wholesale market.
• Confirm no director disqualifications or adverse conduct records, although none are indicated in available data.
• Evaluate dependency on key personnel given only one employee is recorded.