ANTHESIS CONSULTING GROUP LIMITED

Risk Rating: MEDIUM Justification: While the company is actively registered and fully compliant with filing requirements, the available financial data is severely outdated (ending 2013). The 2013 figures demonstrate a strong initial capitalization and liquidity position, but relying on decade-old financials to assess current solvency and operational stability is inappropriate. The presence of a corporate director and a complex history of acquisitions further necessitates a cautious stance until recent financial data is reviewed.

Key Concerns: * Outdated Financial Data: The only financial figures available are from the year ending 31 December 2013. It is impossible to accurately assess current solvency, liquidity, or operational stability based on 11-year-old data. The company's scale, debt structure, and profitability have likely shifted significantly since then. * Group Structure and Control: The 2013 accounts note investments in subsidiaries, and the officer list includes a corporate director (C4C OWNERSHIP PARTNERS LIMITED). This indicates the company operates within a broader group structure, likely backed by private equity or institutional ownership. Group structures can obscure inter-company liabilities, leverage, and true cash flow availability. * Historical Accumulated Losses: In 2013, the company carried a negative Profit and Loss reserve of (£417,883). While offset by a substantial share premium account at the time, this demonstrates a history of early trading losses and capital consumption, the resolution of which cannot be verified without recent accounts.

Positive Indicators: * Regulatory Compliance: The company is fully up to date with its filing obligations. Accounts are categorized as "Full" with a recent reference date of 31 December 2024, and the confirmation statement is current. There are no overdue filings, which suggests strong administrative governance. * Strong Initial Capitalization: As of 2013, the company displayed a healthy balance sheet with net assets of £1.79 million and net current assets of £777k. Cash stood at £359k against current liabilities of £338k, indicating no immediate liquidity crisis at that time. * Operational Longevity and Governance: Incorporated in 2013, the company has successfully traded for over a decade. The transition from a PLC to a Limited company in 2014 (often done to reduce administrative overhead when public market listing is not required) and the maintenance of a large, active board of directors (including a dedicated secretary) points to a mature and professionally managed organization.

Due Diligence Notes: * Obtain Recent Accounts: Secure the latest filed full accounts (likely for year-end 31 December 2023 or 2024) to assess the current financial trajectory, leverage, and cash position. The 2013 abbreviated accounts provide an insufficient basis for investment decisions. * Investigate Corporate Director: Conduct targeted due diligence on C4C OWNERSHIP PARTNERS LIMITED to understand the ultimate beneficial ownership, related-party transactions, and any debt funding structures linked to this entity. * Verify PSC Register: The provided data only shows a generic PSC statement. The current Persons with Significant Control must be verified at Companies House to identify ultimate owners and the extent of their control (e.g., shareholding thresholds). * Review Subsidiary Performance: As the parent company holds investments in subsidiaries, the consolidated financial health depends on the performance of these underlying entities. Request consolidated group accounts if available.