Company Number: 12649029

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

1. Risk Rating: MEDIUM
   AccessiblePRS Ltd shows recent improvement in financial position with positive net current assets and net assets as of June 2024, reversing previous years' deficits. However, the company remains small with minimal equity (£6,256) and limited cash reserves (£2,697), which poses moderate solvency and liquidity risks. The lack of audit and minimal staff (one director) also suggest operational scale limitations.

2. Key Concerns:

• Historical financial weakness: The company posted consistent net current liabilities and negative net assets from 2020 through 2023, indicating prior financial stress and potential solvency risk.
• Low cash reserves: Cash on hand of £2,697 as of June 2024 is minimal relative to current liabilities (£7,448), implying potential liquidity constraints if receivables are delayed or impaired.
• Single director and minimal staffing: With only one director and no employees reported except the director, operational sustainability and succession risk should be considered.

3. Positive Indicators:

• Recent financial turnaround: Significant improvement in net current assets from -£13,775 (2023) to £4,954 (2024) and net assets from -£13,164 to positive £6,256 is a constructive development.
• No overdue filings: The company is current on both accounts and confirmation statement filings, reflecting regulatory compliance.
• Ownership and control clarity: One individual holds 75-100% ownership and voting rights, simplifying governance and decision-making.

4. Due Diligence Notes:

• Review detailed cash flow statements and debtor aging to assess quality and collectability of trade debtors (£9,550 in 2024).
• Investigate the nature of "Other creditors" (£5,100 in 2024) and whether any are related party or contingent liabilities.
• Confirm sustainability of recent positive results and whether the company has secured ongoing contracts or revenue streams in its engineering consulting activity (SIC 71122).
• Assess director remuneration and dividend payments (£2,000 interim dividend in 2024) in light of company profitability and cash availability.
• Verify absence of director disqualifications or legal proceedings.