Company Number: 12667868

Analysis Date: 2025-07-20 16:18 UTC

1. Risk Rating: HIGH
   Access All Students Ltd demonstrates significant solvency risk as evidenced by persistent negative net assets and net current liabilities over the last several years. The company’s inability to generate positive working capital and maintain shareholder equity raises concerns about its capacity to meet short-term and long-term obligations.

2. Key Concerns:

• Negative Net Assets and Working Capital: Net assets have deteriorated from £19,687 positive in 2021 to -£2,976 in 2024, with net current liabilities worsening to -£1,980 in 2024. This signals ongoing financial distress.
• Minimal Share Capital and Equity: Share capital remains nominal at £1.00, with shareholders’ funds negative, indicating no buffer against losses.
• Single Director and Shareholder Control: Mr. Owen Dixon holds 75-100% ownership and is the sole director, which may lead to governance and oversight risks.

3. Positive Indicators:

• Compliance with Filing Requirements: The company’s accounts and confirmation statements are filed on time, indicating regulatory compliance and administrative diligence.
• Micro-Entity Status: The company benefits from simplified reporting and audit exemptions, reducing administrative burden and costs.
• Stable Employee Count: The company maintains one employee consistently, suggesting limited operational complexity.

4. Due Diligence Notes:

• Investigate Cash Flow and Operational Viability: Clarify how the company is funding operations given persistent negative working capital and net liabilities.
• Assess Revenue Generation and Business Model: Review revenue streams and business sustainability given the SIC code "Other information service activities not elsewhere classified," which is broad and non-specific.
• Examine Director’s Plans and Financial Support: Explore if the sole director is providing financial backing or has plans to address negative equity and liquidity issues.
• Confirm Absence of Related Party Transactions or Contingent Liabilities: Verify if any off-balance sheet liabilities or related party loans exist that may impact financial stability.