Company Number: 15162121

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

1. Risk Rating: MEDIUM
   Audace Consulting Limited is a recently incorporated private limited company with minimal financial history. Its first set of unaudited accounts shows modest net assets and working capital. While current obligations appear manageable relative to assets, limited operational history and low cash reserves introduce moderate risk.

2. Key Concerns:

• Liquidity Constraints: Cash balance is only £314 against current liabilities of £2,498, indicating tight short-term liquidity despite positive net current assets due to debtors. Reliance on debtor collections is critical.
• Director Loans and Repayments: Significant director loans (£18,762 advanced, £2,796 outstanding) suggest initial funding reliance on insiders rather than external finance, which may impact future capital structure and creditor confidence.
• Lack of Operational History and Employees: Incorporated September 2023 with no employees and limited trading history restricts ability to assess business sustainability and revenue generation capacity.

3. Positive Indicators:

• Compliance and Timely Filings: The company has filed accounts and confirmation statements on time with no overdue filings or regulatory concerns visible.
• Positive Net Assets and Working Capital: Despite small scale, net assets of £1,619 and net current assets of £612 suggest a positive equity position and ability to meet short-term liabilities.
• Experienced Directors with Control: Both directors hold significant share and voting control, and their involvement in director loans shows commitment to funding the business.

4. Due Diligence Notes:

• Verify the collectability and nature of debtors (£2,796), given their importance to liquidity. Confirm these are bona fide trade receivables or related party balances.
• Investigate the terms and implications of director loans, including repayment schedules and any interest or conditions attached.
• Review business plan and pipeline for revenue growth, given the absence of employees and limited operational history.
• Confirm no regulatory or compliance issues beyond publicly filed documents, particularly given the industry classification of defence activities which may require specific licences or approvals.