AMF ACCESS SERVICES LIMITED

Executive Summary

AMF Access Services Limited has demonstrated significant financial improvement over its short operating history, moving to a positive net asset position and expanding its workforce. Nonetheless, the company’s marginally negative working capital and the emergence of a provision for liabilities warrant cautious monitoring. Overall, the company shows signs of growth and regulatory compliance but requires further scrutiny of its short-term liquidity and liability structure to fully assess financial stability.

AMF ACCESS SERVICES LIMITED - Analysis Report

Company Number: SC733943

Analysis Date: 2025-07-20 18:55 UTC

1. Risk Rating: MEDIUM
   Justification: The company has recently transitioned from net liabilities to net positive shareholders’ funds, indicating improvement in solvency. However, it reports a marginally negative net current asset position and a provision for liabilities, which signals potential short-term liquidity stress. The business is active, increasing employee count, and has no overdue filings, but the financials show areas of caution given the rapid asset growth funded by creditors.

2. Key Concerns:

• Negative Net Current Assets: The company’s current liabilities (£191,817) slightly exceed current assets (£191,171), resulting in a net current liability of £646 at the latest year-end, which may constrain short-term liquidity.
• Provision for Liabilities: The £11,582 provision appears newly recognized and reduces net assets; the nature and timing of this liability should be clarified to assess solvency risk.
• Rapid Fixed Asset Purchases and Increased Creditors: Tangible assets increased significantly (£~90k additions) in one year with a corresponding surge in creditors (£167k from £25k), potentially indicating aggressive expansion financed by debt which might pressure cash flow.

3. Positive Indicators:

• Positive Net Assets: The company moved from a negative net asset position (£-12,073 in 2023) to a positive £48,732 in 2024, reflecting improved equity and financial position.
• Increasing Employee Base: Average employees increased from 1 to 11, suggesting business growth and operational scaling.
• Compliance: All filings, including accounts and confirmation statements, are up to date with no overdue reports, implying good regulatory compliance and governance.
• Active Web Presence: An active, current website with contact details and social media presence supports operational transparency and market engagement.

4. Due Diligence Notes:

• Investigate the nature and expected settlement of the £11,582 provision for liabilities to understand its impact on future cash flows and solvency.
• Review the composition and terms of current liabilities, particularly the large increase in other creditors (£167k), to assess repayment schedules and liquidity risk.
• Examine cash flow statements (not provided) to verify if operational cash flows are sufficient to service liabilities and support ongoing asset investment.
• Assess the sustainability of rapid asset acquisitions and headcount growth to confirm the company’s operational stability and business model viability.
• Confirm absence of any director disqualifications or governance issues beyond the data provided.