SMARTROOF LIMITED

Risk Rating: MEDIUM
The company is active and compliant with filing deadlines, but the available data contains significant governance and transparency red flags—most notably inconsistent Persons with Significant Control (PSC) entries. Financial solvency and liquidity cannot be assessed from the provided extract, which limits confidence in any higher-level conclusion.

Key Concerns

1. PSC Register Inconsistencies
   The PSC data is internally contradictory. It simultaneously shows a corporate entity (Smartroof Holdings Ltd) owning more than 75% of shares and voting rights, while also listing two individuals (Xxxxxx Xxxxxxxxname shown to subscribers and Xxxxxx Xxxxxxxxname shown to subscribers) as each owning more than 75% of the company’s shares. Two further individuals are shown as owning between 25% and 50%. These positions cannot all be correct without unusual share classes, nominee arrangements, or unreported changes. This suggests either poor data hygiene or an opaque ownership structure that requires clarification.

2. Absence of Financial Data
   No turnover, balance sheet, profit/loss, or cash flow figures were provided in the extract. As a medium-sized company, Smartroof Limited should have filed financial statements at Companies House, but those figures are not available here. Without them, it is impossible to assess solvency, liquidity, working capital position, or whether the business is generating sustainable profits. This is a material information gap for any investor.

3. Related-Party and Group Structure Risk
   The company is controlled by Smartroof Holdings Ltd, and two of the three directors share the surname Xxxxxxxname shown to subscribers and similar given names (Xxxxxx Xxxxxxxxname shown to subscribers and Xxxxxx Xxxxxxxxname shown to subscribers). This raises the possibility of a tightly held family or group structure. Related-party transactions, intercompany loans, or intra-group guarantees may exist and could affect the financial position of Smartroof Limited. These need to be examined in the full accounts.

Positive Indicators

• The company is Active and is not in liquidation, administration, or receivership.
• Filing compliance appears current: accounts are not overdue and the confirmation statement is up to date.
• The company has been registered since 2012, and the only name change occurred in the same year of incorporation, suggesting relative corporate stability.
• The business operates in the construction supply chain (manufacture of joinery), which may benefit from ongoing housing demand, though this is sector-dependent.

Due Diligence Notes

• Obtain and review the full statutory accounts for the last three to five years, focusing on revenue trends, gross margins, net current assets, debt levels, and cash generation.
• Request a detailed share register and explanation of the PSC structure. Clarify how Smartroof Holdings Ltd, the two Xxxxxxxname shown to subscribers individuals, and Xxxxxx Xxxxxxxxname shown to subscribers all hold their respective interests. Verify whether the PSC register has been updated correctly.
• Investigate the relationship between Smartroof Limited and Smartroof Holdings Ltd, including any intercompany balances, loans, guarantees, or shared services. Determine whether the company is dependent on group support.
• Check the directors’ conduct records for any disqualifications, and review their other directorships to identify potential conflicts of interest.
• Search the charges register for any debentures, fixed or floating charges, or other security over company assets.
• Assess industry-specific risks for the joinery and construction sector, including input cost inflation, supply chain disruption, and sensitivity to UK housing market conditions.

Names of the people mentioned are shown to subscribers. See subscription