AJP ACCESS SERVICES LTD

Executive Summary

AJP Access Services Ltd currently faces liquidity and solvency challenges, evidenced by negative net current assets and minimal equity. While regulatory compliance and stable management are positive, the company’s financial position suggests high risk without further capital injection or improved cash flow. Further review of director loans and operational sustainability is recommended before considering investment.

AJP ACCESS SERVICES LTD - Analysis Report

Company Number: 13453739

Analysis Date: 2025-07-20 17:28 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net working capital in the most recent year, minimal shareholders’ funds, and recurring current liabilities exceeding current assets, indicating solvency and liquidity risks.

2. Key Concerns:

• Negative Net Current Assets: As of 30 June 2024, the company’s current liabilities (£7,928) exceed its current assets (£7,229), resulting in a net current liability of £699, which signals potential short-term liquidity difficulties.
• Minimal Shareholders’ Funds: Shareholders’ funds remain nominal at £5 throughout the years, indicating a very thin equity buffer against losses or liabilities.
• Director Loan and Creditors Composition: There is a significant unsecured, interest-free loan of £6,206 from the director, which could distort the company’s financial obligations and potential exposure if this funding is withdrawn or not repaid on demand.

3. Positive Indicators:

• Compliance and Filing Status: The company is active with no overdue accounts or confirmation statements, demonstrating good regulatory compliance.
• Stable Directorship and Ownership: The sole director and 100% owner is the same individual since incorporation, which may suggest consistent management and control.
• Small Operational Footprint: With only one employee and a micro/small company exemption for audit, operating costs may be low, possibly reducing overhead pressures.

4. Due Diligence Notes:

• Clarify the nature and terms of the director’s loan, including any risk it poses if called in.
• Investigate the company’s cash flow generation ability given the persistent negative working capital and limited cash balances (£1,024 at year end 2024).
• Review any contingent liabilities or off-balance-sheet exposures not reflected in the accounts.
• Assess the business model sustainability given the limited asset base and lack of retained earnings or profit reserves.
• Confirm absence of any director disqualification or adverse governance issues through official records.