ACCESS X LTD

Executive Summary

ACCESS X LTD presents a financially stable profile with strong liquidity, growing net assets, and compliance with regulatory requirements. However, elevated current tax liabilities and significant trade debtor balances warrant further review to ensure ongoing cash flow stability. The company’s single-person management structure should be evaluated for operational resilience.

ACCESS X LTD - Analysis Report

Company Number: 13267051

Analysis Date: 2025-07-29 20:15 UTC

1. Risk Rating: LOW
   ACCESS X LTD demonstrates a solid financial position with positive net assets and net current assets, a healthy cash balance, and no overdue filings. The company’s status as active and compliance with filing deadlines reduces regulatory risk. The presence of retained earnings growth and increasing net assets over time indicates operational stability.

2. Key Concerns:

• Elevated Taxation and Social Security Creditors: The increase from £39k to £155k in liabilities related to taxation and social security within current liabilities suggests a potential cash outflow pressure or timing issue that requires monitoring.
• Concentration of Control and Management: Only one director and one employee (the director) are involved, which may present operational risks if the director is unavailable or if succession planning is not in place.
• Trade Debtors and Related Party Balances: The significant increase in trade debtors (£200k) and amounts owed by related parties (£63k) could indicate credit risk or cash flow timing concerns if collections are delayed.

3. Positive Indicators:

• Strong Liquidity Position: Cash at bank has more than doubled from £47k to £105k, and net current assets increased substantially to £270k, supporting short-term obligations.
• Consistent Growth: Net assets have grown significantly from £18.6k in 2021 to £265k in 2024, reflecting profitability and retained earnings accumulation.
• Compliance and Reporting: All statutory accounts and confirmation statements are filed on time with no overdue penalties, indicating good governance and regulatory compliance.
• Small Company Status: The company qualifies under the small companies regime, simplifying compliance and possibly reducing administrative burden.

4. Due Diligence Notes:

• Investigate the nature and collectability of trade debtors and related party balances to assess credit risk and potential impact on cash flow.
• Clarify the cause and planned settlement of the increased taxation and social security liabilities to understand timing and cash flow implications.
• Review director’s report and any additional disclosures not included here for operational risks, contingent liabilities, or going concern statements.
• Verify whether any contingent liabilities or off-balance sheet obligations exist that may affect solvency.
• Confirm the robustness of internal controls given the single director and employee structure to assess operational continuity risks.