ATLAS BUSINESS CONSULTANTS LTD

Executive Summary

Atlas Business Consultants Ltd demonstrates significant solvency and liquidity risks, with persistent negative net assets and a large working capital deficit. Although regulatory compliance is maintained and some operational stability exists, the financial position raises concerns about the company’s ability to meet obligations without external support or turnaround measures. Further detailed financial and operational information is required to evaluate sustainability prospects fully.

ATLAS BUSINESS CONSULTANTS LTD - Analysis Report

Company Number: 13205612

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

1. Risk Rating: HIGH
   Justification: The company exhibits persistent negative net assets and net current liabilities, indicating ongoing solvency and liquidity issues. Despite being a micro-entity with minimal financial complexity, the negative equity position worsened slightly from -£17,571 in 2023 to -£13,770 in 2024, suggesting continued financial distress and inability to meet short-term obligations from current assets.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The company’s net current liabilities exceed current assets by approximately £20,753 as of the last financial year, signaling material liquidity risk.
• Lack of Profit and Loss Disclosure: Only balance sheet information is available, with no profit and loss account filed, limiting insight into operational performance and cash flow generation.
• Small Share Capital and Single Shareholder Control: The £100 share capital is minimal, and control rests entirely with one individual, increasing governance risk and limiting external oversight.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with both accounts and confirmation statement filings, indicating regulatory compliance.
• Stable Employment: The company reports an average of two employees consistently, suggesting some operational continuity.
• Incremental Increase in Fixed Assets: Fixed assets increased from £1,088 to £6,983, which may reflect some investment in longer-term assets.

4. Due Diligence Notes:

• Investigate the nature and timing of liabilities causing the current liability pressure and whether any arrangements are in place to manage or restructure them.
• Obtain management accounts or cash flow statements to assess operational cash flows and future liquidity prospects.
• Review director’s plans or strategy for addressing the negative equity position and potential going concern issues.
• Verify director background, particularly Mr Soeb Patel, for any red flags or history of insolvency or disqualification given sole control.
• Confirm the company’s customer base, revenue streams, and contract stability given the absence of P&L data.