Company Number: 14597077

Analysis Date: 2025-07-29 13:05 UTC

1. Risk Rating: LOW
   Miller Thames Limited demonstrates a strong net asset position with a substantial surplus of current assets over current liabilities. The company is current with all statutory filings and shows no signs of financial distress given its recent incorporation and healthy balance sheet.

2. Key Concerns:

• Limited Financial History: Incorporated in early 2023, the company has only one year of financial data, limiting trend analysis and long-term risk assessment.
• Concentration of Control: One individual, Xxxxxx Xxxxxxxxname shown to subscribers, controls 75-100% of shares and voting rights, which may pose governance risks related to decision-making and succession.
• Micro-Entity Reporting: The use of micro-entity accounting standards means limited disclosure on cash flows, profitability, and detailed financial performance, restricting a full evaluation of operational stability.

3. Positive Indicators:

• Strong Solvency Position: Net current assets of approximately £450,000 and net assets of over £500,000 indicate the company can meet short-term and long-term obligations comfortably.
• Compliance and Governance: All accounts and confirmation statements are up to date with no overdue filings, reflecting good regulatory compliance.
• Employee Base: Employing 4 people in its first year suggests operational activity beyond a sole proprietorship, indicating some business scale and sustainability potential.

4. Due Diligence Notes:

• Verify the nature and sustainability of the company's revenue and cash flows, as no profit and loss or cash flow statements are provided.
• Investigate the business model under SIC 63990 (Other information service activities) to understand market risks and client concentration.
• Assess the implications of single-person control on governance and risk management policies.