ACCORD RESOURCING LTD

Executive Summary

ACCORD RESOURCING LTD is a small, micro-entity private limited company with a recent improvement in financial position reflected in positive net assets as of June 2023. While historical liquidity challenges existed, current data shows compliance and no immediate solvency risks. Attention should be given to governance changes and operational scale for a comprehensive risk assessment.

ACCORD RESOURCING LTD - Analysis Report

Company Number: 12644183

Analysis Date: 2025-07-20 18:15 UTC

1. Risk Rating: LOW
   The company shows positive net assets and working capital as of the latest accounts, with no overdue filings or indications of insolvency. Its micro-entity status and recent incorporation suggest a small, early-stage business with limited complexity but currently stable financial footing.

2. Key Concerns:

• The company had negative net current assets (£-911) and net liabilities in the 2022 financial year, indicating prior liquidity stress that was reversed in 2023.
• Very limited scale of operations as indicated by zero employees and minimal current assets (£5,156) may constrain operational resilience and growth potential.
• Three directors appointed at formation; two resigned in early 2023, leaving one current director, which may raise governance or operational continuity questions.

3. Positive Indicators:

• No overdue accounts or confirmation statement filings, indicating compliance with regulatory requirements.
• Significant improvement from a negative net asset position in 2022 to a positive £4,674 in 2023, demonstrating a turnaround in financial position.
• No fixed assets or long-term liabilities, suggesting low debt burden and simpler balance sheet management.

4. Due Diligence Notes:

• Investigate the nature of the turnaround from negative to positive net assets between 2022 and 2023, including any capital injections or changes in operations.
• Review the reasons behind director resignations in early 2023 and assess any impact on company strategy or governance.
• Confirm the company’s business model sustainability given the absence of employees and minimal asset base relative to its classification as an employment placement agency.