AUDIT CONSULTING LTD

Executive Summary

Audit Consulting Ltd is a newly formed, micro-entity company engaged in tax consultancy and accounting services with a very limited financial footprint and no employees as of its first reporting period. It currently demonstrates low financial risk with positive net current assets and full compliance with filing deadlines. However, its minimal scale and lack of operating history warrant ongoing monitoring and further investigation into its business model and liquidity sources.

AUDIT CONSULTING LTD - Analysis Report

Company Number: 15517821

Analysis Date: 2025-07-20 18:28 UTC

1. Risk Rating: LOW
   The company is newly incorporated (Feb 2024) and filed timely micro-entity accounts for its first financial year ending Feb 2025. The balance sheet shows a positive net current asset position (£462) with no fixed assets and nominal current assets and liabilities. There are no overdue filings or insolvency indicators. Overall, the risk of immediate financial distress appears low.

2. Key Concerns:

• Very limited operating history: With less than one full year of trading reported and no employees, it is difficult to assess operational stability or revenue generation capability.
• Minimal financial scale: Current assets and net assets are very small (£1,597 and £462 respectively), indicating a very small capital base and limited liquidity cushion.
• Single Director and Shareholder Control: The sole director and 100% shareholder is a single individual, which concentrates control and may increase governance risk if not supported by additional management or oversight.

3. Positive Indicators:

• Compliant with filing requirements: No overdue accounts or confirmation statements indicate good regulatory compliance.
• Positive working capital: Current assets exceed liabilities, suggesting the company can meet short-term obligations.
• Clear ownership and governance: The person with significant control is clearly identified, and the director's responsibilities are acknowledged in the accounts.

4. Due Diligence Notes:

• Investigate the nature and source of current assets (£1,597) to verify liquidity and whether they represent cash or receivables.
• Confirm business plan and revenue projections given the absence of employees and minimal financial data.
• Review related party transactions or financial support arrangements, especially given the small equity base.
• Monitor future filings for evidence of operational activity, profitability, and cash flow trends.
• Assess director background and experience beyond nationality and appointment details to gauge management capability.