ASSESSPROGRESS.COM LTD

Executive Summary

ASSESSPROGRESS.COM LTD is a recently incorporated micro private company showing signs of financial recovery with positive net assets and good compliance. However, it remains highly dependent on director funding and limited in scale, warranting cautious optimism. Further scrutiny of cash flow sustainability and operational strategy is recommended to ensure ongoing viability.

ASSESSPROGRESS.COM LTD - Analysis Report

Company Number: 14117246

Analysis Date: 2025-07-20 11:52 UTC

1. Risk Rating: LOW to MEDIUM
   ASSESSPROGRESS.COM LTD demonstrates an improving financial position with positive net current assets and net assets as of the latest accounts. The company is a micro-entity with minimal liabilities and no overdue filings, indicating good compliance and operational stability for its size. However, it remains a very small operation with a single director and limited financial history, which introduces some risk typical for early-stage SMEs.

2. Key Concerns:

• Dependence on Director Loans: The company’s current assets include a significant unsecured, interest-free director loan (£7,123), which may pose liquidity risks if the director is unable or unwilling to continue funding.
• Limited Scale and Resources: With only one employee (the director) and micro-entity status, operational sustainability and growth potential may be limited, increasing risk if market conditions shift or key personnel changes.
• Negative Historical Net Assets: The company reported net liabilities in its first two years (2022 & 2023), indicating initial funding challenges, although this has since improved.

3. Positive Indicators:

• Improved Financial Position: The latest financial year shows a positive turnaround with net current assets of £7,043 and net assets of £6,889, signaling progress toward financial stability.
• No Overdue Filings: The company has filed accounts and confirmation statements on time, reflecting good regulatory compliance.
• Clear Ownership and Control: Ownership is concentrated with one director who also controls voting rights and appointments, simplifying governance and decision-making.

4. Due Diligence Notes:

• Verify the sustainability and repayment plan for the director loan, including any plans to formalize terms or secure external financing.
• Assess revenue generation and cash flow forecasts to confirm the ability to maintain positive working capital and cover liabilities.
• Review customer base, contracts, and market positioning in the educational support services sector to evaluate operational viability beyond initial funding.
• Confirm there are no outstanding regulatory or legal issues given the company’s recent formation and limited public history.