BETCONNECT CLIENT SERVICES LIMITED

Executive Summary

Betconnect Client Services Limited shows an improved liquidity position with current assets exceeding liabilities and no overdue filings, reflecting satisfactory short-term financial health and compliance. However, the company’s minimal equity base and lack of employees raise concerns about its operational sustainability and capital robustness. Further investigation into related party transactions and accruals is recommended to fully assess risk exposure.

BETCONNECT CLIENT SERVICES LIMITED - Analysis Report

Company Number: 12600024

Analysis Date: 2025-07-20 15:08 UTC

1. Risk Rating: MEDIUM
   The company shows an improving liquidity position as of the latest year-end, with current assets exceeding current liabilities and a net positive working capital. However, net assets remain minimal, and equity is marginal, indicating a fragile capital structure. The absence of employees and limited financial disclosures restrict full operational and risk assessment.

2. Key Concerns:

• Minimal Shareholders’ Funds and Net Assets: The net assets stand at £1, a very low equity base that may not provide sufficient buffer against operational risks or unexpected liabilities.
• No Employees and Limited Operational Data: The company reports zero employees, which may suggest reliance on outsourcing or limited operational activity, raising questions on business sustainability and scalability.
• Related Party Dependence: The company is a wholly owned subsidiary of Betconnect Ltd, indicating possible reliance on parent company support, which could impact independence and risk exposure if the parent faces difficulties.

3. Positive Indicators:

• Improved Liquidity Position: The 2023 accounts display a strong positive net current asset position (£77,442) and no current liabilities, suggesting the company can meet short-term obligations effectively.
• Timely Compliance: No overdue filings for accounts or confirmation statements, indicating good regulatory compliance and governance practices.
• Active Online Presence: The active website and business description indicate ongoing commercial activity within the IT services sector, which can support future revenue generation.

4. Due Diligence Notes:

• Investigate Nature of Accruals and Deferred Income (£77,441): Given the large figure nearly matching current assets, understanding the substance of these liabilities is critical to assess true liquidity.
• Review Parent Company Financial Health and Relationship: Evaluate the financial strength and support mechanisms from Betconnect Ltd to understand contingent risks.
• Assess Business Model and Revenue Streams: Clarify how the company generates income without employees and confirm the sustainability of its operations.