BISHOP LEGAL CONSULTING SERVICES LTD

Executive Summary

Bishop Legal Consulting Services Ltd is a recently established micro-entity operating in the solicitors sector with a positive financial position and sound compliance record. However, limited operating history and minimal public financial disclosure warrant further due diligence on operational viability and cash flow stability. Overall, the company currently presents a low risk profile for investors based on available data.

BISHOP LEGAL CONSULTING SERVICES LTD - Analysis Report

Company Number: 15022351

Analysis Date: 2025-07-29 13:44 UTC

1. Risk Rating: LOW
   The company is newly incorporated (2023), with a small-scale micro-entity profile and positive net assets. Current assets exceed current liabilities, indicating short-term solvency. There is no indication of overdue filings or regulatory non-compliance.

2. Key Concerns:

• Limited operating history: With just over one year since incorporation, the company has minimal financial track record to assess sustainability.
• Small scale and single employee: A sole director/employee structure may pose operational risks if key person dependency is not mitigated.
• Lack of detailed profit and loss information: The micro-entity exemption means profit/loss accounts are not publicly available, restricting insight into profitability and cash flow trends.

3. Positive Indicators:

• Positive net assets (£12,863) and working capital (£14,522) as of 31 July 2024 suggest adequate short-term solvency.
• No overdue statutory filings (accounts or confirmation statements) indicating good compliance and governance.
• Director and majority shareholder is an experienced consultant solicitor, potentially ensuring professional management aligned with the company’s legal services sector (SIC 69102).

4. Due Diligence Notes:

• Review internal management accounts or cash flow forecasts to assess operational liquidity beyond the snapshot balance sheet.
• Confirm the company’s client base, revenue streams, and contract stability to evaluate business sustainability.
• Investigate any contingent liabilities or off-balance sheet risks not captured in micro-entity filings.
• Assess director’s track record and any potential conflicts of interest given sole control.
• Monitor ongoing compliance with Companies House filings and confirm absence of any enforcement or investigation actions.