SERVICEMASTER LIMITED

Risk Rating: MEDIUM
Justification: The company is fully compliant with its filing obligations and active, but the data provided contains no financial statements or figures. Solvency and liquidity cannot be assessed from the available information, creating a moderate due diligence risk until full accounts are reviewed.

Key Concerns

1. Absence of Financial Data
   No balance sheet, profit and loss account, or cash flow figures were provided. It is impossible to determine whether the company has positive net assets, adequate working capital, or any going-concern issues. This is the single most significant gap in the analysis.

2. Potential Group / Parent Dependency
   Several current directors are American and hold group-level roles (CFO, VP of Tax, Chief Executive). This strongly suggests ServiceMaster Limited operates within a larger multinational group. While this may provide financial support, it also raises questions about intra-group funding, intercompany balances, and whether the UK entity is reliant on group support that could be withdrawn.

3. Concentrated Significant Control
   Only one PSC is listed: Mr Alan Peter Lewin, with "significant influence or control." The absence of other PSCs does not necessarily indicate a problem, but the control structure may be complex. Given the US-based directors, the ultimate beneficial owner may sit outside the UK, and this needs confirmation through the full PSC register and group structure documentation.

Positive Indicators

• Good Filing Compliance
  The last accounts were made up to 31 December 2025 and are not overdue. The confirmation statement was filed to 12 May 2026 and is also current. This indicates the company is meeting its statutory obligations.

• Long Operating History
  Incorporated in 1976, the company has been active for nearly 50 years. Longevity suggests operational stability and brand recognition, particularly in the cleaning services sector.

• Active Status
  The company is not in liquidation, administration, or receivership. It remains an active private limited company on the register.

• Full Accounts Filed
  The accounts category is "Full," meaning the company has filed a complete set of financial statements. This suggests a level of transparency, although the figures themselves were not included in the data provided.

Due Diligence Notes

• Obtain Full Annual Accounts
  Review the latest filed accounts at Companies House, focusing on:
• Net assets and shareholders' funds
• Current assets vs current liabilities (working capital)
• Fixed asset base and any intangible assets
• Debtor and creditor ageing, particularly intercompany balances
• Director and related-party transactions

• Auditor's report, including any going-concern or emphasis of matter paragraphs

• Review Group Structure and Parent Support
  Confirm the immediate and ultimate parent company. Obtain details of any group guarantees, letters of comfort, or loan agreements. Assess whether the UK entity is a servicing company, holding company, or operational business in its own right.

• Investigate PSC Arrangement
  Clarify the nature of Mr Lewin's significant influence or control. Check whether there are additional PSCs not shown in the summary, and review the full PSC register at Companies House.

• Assess Charges and Borrowings
  Search the company's charge register for mortgages, debentures, or fixed/floating charges. This will reveal whether assets are secured against external debt.

• Check Website and Trading Activity
  The website indicates residential and commercial cleaning services. Verify whether the company trades directly or through franchisees/subsidiaries, as this has significant implications for cash flow and operational risk.

Executive Summary

Based on the limited information provided, ServiceMaster Limited appears to be a well-established and compliant company with a long trading history and no overdue filings. However, the absence of financial statements means that solvency and liquidity cannot be meaningfully assessed, and the company's reliance on a US parent or group support remains unknown. Further investigation into the full accounts, group structure, and PSC arrangements is essential before any investment decision is made.