BATH CONSULTING LIMITED

1. Risk Rating: HIGH

Bath Consulting Limited has been dissolved as of 6 October 2026. From an investor perspective, the ultimate adverse outcome has already occurred: the company is no longer a live legal entity. In addition, the latest filed accounts show negative working capital and a sustained erosion of net assets over the past decade.

2. Key Concerns

1. Company Dissolved
   The company was struck off on 6 October 2026. It cannot trade, enter contracts, or be pursued as a going concern. Any unpaid creditor or investor claim would require restoration of the company to the register, which is a separate legal process.

2. Negative Working Capital / Illiquidity
   As at 30 November 2025, the company had no current assets but creditors due within one year of £5,237. This means the company was technically insolvent on a liquidity basis, relying entirely on fixed assets of £5,337 to cover near-term obligations.

3. Prolonged Decline and Absence of Trading Activity
   Net assets have fallen from £66,429 in 2016 to £100 in 2025. Reported turnover was £0 in 2021, 2022, and 2023, and no trading activity is evident in the latest micro-entity accounts. The reserves have been fully absorbed, leaving only the original £100 share capital intact. This indicates a non-operating shell or dormant structure rather than an active consultancy business.

3. Positive Indicators

• Filing compliance appears to have been maintained: the final accounts and confirmation statement were not shown as overdue.
• The company was exempt from audit under the small companies regime and filed micro-entity accounts, which is consistent with its size.
• Net assets were still marginally positive (£100) at the final balance sheet date, and total liabilities of £5,237 were more than offset by fixed assets of £5,337.
• There is no evidence in the provided data of director disqualification, although this is not stated as an exhaustive search.

4. Due Diligence Notes

• Confirm dissolution basis: Obtain the relevant Companies House filings to determine whether this was a voluntary strike-off, members’ voluntary liquidation, or compulsory dissolution. This affects whether liabilities were formally settled or whether they may still exist.
• Check for restoration risk: If the company had outstanding creditors, investigate whether any application could be made under section 1029 of the Companies Act 2006 to restore the company, and whether that creates contingent exposure.
• Review director history: Xxxxxx Xxxxxxxxname shown to subscribers is the sole director and PSC. Check his broader director profile for other active or recently dissolved companies, and confirm there are no current disqualification orders or active insolvency proceedings.
• Understand the fixed assets: The accounts show fixed assets of £5,337 but give no breakdown under micro-entity filing rules. Establish whether these were physical assets, investments, or intercompany balances, and whether they were realised or distributed before dissolution.
• Assess stakeholder claims: Because the company was dissolved, any existing contract, service agreement, or loan arrangement with this entity should be treated as terminated. Legal advice may be needed if outstanding obligations remain.

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