ATHENA BUSINESS EDUCATION LIMITED

Executive Summary

ATHENA BUSINESS EDUCATION LIMITED exhibits a high-risk profile due to persistent and worsening negative net assets and significant working capital deficits. While the company complies with filing requirements and benefits from centralized control under a single director, its current financial position raises serious concerns regarding solvency and liquidity. Further investigation into liabilities and operational viability is recommended before considering investment.

ATHENA BUSINESS EDUCATION LIMITED - Analysis Report

Company Number: 14112460

Analysis Date: 2025-07-29 20:08 UTC

1. Risk Rating: HIGH
   The company shows a significant deterioration in net assets over its short operating history, with net liabilities increasing from -£8,617 in 2023 to -£20,159 in 2024. This negative equity position indicates solvency concerns.

2. Key Concerns:

• Solvency Risk: The company’s net assets are negative and worsening, suggesting it may struggle to meet its obligations as they fall due.
• Liquidity Concerns: Current liabilities (£23,600) substantially exceed current assets (£845) as of May 2024, creating a working capital deficit of £22,755, which implies cash flow strain.
• Operational Stability: There have been no employees reported during the periods under review, and fixed assets remain negligible. This could suggest minimal operational activity or reliance on external resources, raising questions about business sustainability.

3. Positive Indicators:

• No Overdue Filings: The company’s accounts and confirmation statements are up-to-date, indicating regulatory compliance and good governance in terms of statutory obligations.
• Sole Control by Director: Ms. Nina Pogosova holds 75-100% ownership and voting rights, which can enable swift decision-making and potentially effective management control.
• Micro-entity Status: Filing as a micro-entity reduces administrative burden and compliance costs, which could be beneficial for a startup phase company.

4. Due Diligence Notes:

• Investigate the nature of current liabilities to understand if they are trade payables, loans, or director loans, and assess repayment terms and creditor relationships.
• Review cash flow statements or bank statements (if available) to evaluate liquidity and cash management beyond the balance sheet snapshot.
• Clarify business model and revenue streams since no employees are present and fixed assets are minimal; assess whether operations are sufficiently capitalized to support growth or sustainability.
• Confirm if the director or related parties have provided financial support or guarantees, given the negative equity position.
• Verify any contingent liabilities or off-balance sheet risks that may impact financial stability.