Company Number: 12510456

Analysis Date: 2025-07-20 12:13 UTC

1. Risk Rating: LOW
   WJEPEN LIMITED demonstrates strong solvency and liquidity positions with growing net current assets and shareholders’ funds over recent years. The absence of overdue filings and a stable director profile further support a low risk classification.

2. Key Concerns:

• Reliance on Director’s Current Account: A material debtor balance (£49,947) is recorded as director’s current account, which may represent loans or funds owed by the director to the company; the nature and collectability warrant review.
• No Income Statement Filed: As permitted for small companies, the absence of reported turnover or profitability data limits assessment of operational performance and sustainability.
• Single Director and No Employees: The company is managed by one director with no employees, which may present operational continuity risks and limited management capacity.

3. Positive Indicators:

• Strong Working Capital: Net current assets increased from £51,020 in 2023 to £82,946 in 2024, indicating good short-term liquidity.
• Positive Equity Growth: Shareholders’ funds increased substantially from £55,215 to £87,890, reflecting retained earnings accumulation and financial strength.
• Timely Filing Compliance: Both accounts and confirmation statement filings are up to date with no overdue status, demonstrating regulatory compliance.

4. Due Diligence Notes:

• Clarify the nature of the director’s current account balance classified as a debtor to understand its terms, repayment schedule, and implications for liquidity.
• Obtain or review the company’s internal management accounts or profit and loss information to assess operational profitability and cash flow trends.
• Evaluate the dependency on the sole director for business continuity and assess any succession or delegation plans.
• Confirm whether there are any contingent liabilities or off-balance sheet obligations not disclosed in the filed accounts.
• Review any tax liabilities or deferred tax positions given the significant tax creditor balances in prior years.