ALOTMORE LIMITED

Executive Summary

ALOTMORE LIMITED shows early signs of financial improvement, moving to a modest positive net asset position with reasonable cash reserves. However, the limited scale, volatile working capital, and lack of detailed financial disclosures warrant caution. Additional due diligence on profitability, debtor quality, and operational sustainability is recommended before considering investment.

ALOTMORE LIMITED - Analysis Report

Company Number: 14017816

Analysis Date: 2025-07-29 14:15 UTC

1. Risk Rating: MEDIUM
   The company has recently transitioned from a net liability position in 2022 to a modest net asset position in 2023. While this indicates some improvement in solvency, the net assets remain very low (£7,309), signaling limited financial buffer. The company operates with modest working capital and a small number of employees, characteristic of a small enterprise in a niche sector.

2. Key Concerns:

• Thin Net Asset Base: The net assets of £7,309 as at 31 December 2023 are minimal, providing little cushion against adverse financial events or unexpected liabilities.
• Volatile Working Capital Position: A swing from negative net current assets of -£31,332 in 2022 to a positive £7,309 in 2023 suggests fluctuations in liquidity which could impact operational stability.
• Limited Financial Disclosures: The accounts are unaudited abridged accounts with no profit and loss account filed, restricting insight into profitability, cash flow trends, and detailed risk factors.

3. Positive Indicators:

• Improvement in Financial Position: The reversal from negative net assets in 2022 to a positive position in 2023 shows progress in financial health.
• Adequate Cash Holdings: Cash of £164,935 at year-end 2023 represents a substantial proportion of current assets, suggesting reasonable liquidity to meet short-term obligations.
• Timely Compliance: The company is up to date with its filing requirements, with no overdue accounts or confirmation statements, indicating good regulatory compliance.

4. Due Diligence Notes:

• Profitability and Cash Flow Analysis: Obtain more detailed financial statements or management accounts to understand revenue trends, expenses, and cash generation capacity.
• Debtor Quality: Investigate the nature and collectability of trade debtors (£12,192) as a significant proportion relative to total current assets.
• Director and Ownership Background: The sole director and significant control holder is Charlie Mackesy Limited; further background checks on these parties and their financial standing would be prudent.
• Business Model and Revenue Streams: Clarify the company's business operations in television and motion picture production, including client base, contracts, and market position to assess operational sustainability.