ACF CANVASSES LTD

Executive Summary

ACF CANVASSES LTD, a recently incorporated micro-entity, currently presents a high financial risk profile due to negative net assets and current liabilities exceeding current assets, indicating solvency and liquidity concerns. While compliance with filing deadlines is positive, the lack of employees and limited operational history raise questions about business sustainability. Further investigation into the company's liabilities, cash flow plans, and management capacity is recommended before investment consideration.

ACF CANVASSES LTD - Analysis Report

Company Number: 14692618

Analysis Date: 2025-07-29 12:27 UTC

1. Risk Rating: HIGH
   The company shows negative net current assets and net liabilities as of the last accounting date, indicating an inability to meet short-term obligations. The absence of employees and limited financial history further elevate risk.

2. Key Concerns:

• Solvency Risk: Net current liabilities of £22,920 and net liabilities of £23,770 suggest the company is insolvent on a balance sheet basis.
• Liquidity Concerns: Current liabilities (£60,084) exceed current assets (£37,164), implying potential cash flow difficulties.
• Operational Stability: No employees reported and the company was incorporated recently (Feb 2023), indicating limited operational track record and uncertain business sustainability.

3. Positive Indicators:

• Timely filing of accounts and confirmation statements suggests compliance with statutory requirements.
• Majority ownership and control by a single director (Mr. Graham Sanderson) may facilitate decisive management actions.
• Company is active and not in liquidation or administration.

4. Due Diligence Notes:

• Investigate the nature of current liabilities and whether these are trade creditors, loans, or other obligations, including any related party debt.
• Assess cash flow forecasts and working capital management plans to understand how the company intends to resolve the current insolvency position.
• Clarify the business model and revenue generation prospects given no employees are recorded and the SIC codes suggest retail and wholesale activities.
• Confirm the accuracy of the financial data, as the accounts report negative equity unusually for a micro-entity and discrepancies exist between summary data and the notes.
• Review background and financial standing of the sole director/shareholder to evaluate ability to support the company if required.